Filing Flows › Darden Restaurants (DRI) › Q1 FY27
Darden Restaurants (DRI) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 2, 2026
Darden Restaurants (DRI) reported revenue of $3.2B for the first quarter fiscal 2027 (Q1 FY27), +5% from a year earlier and -14% from the quarter before. Operating margin was 10.0%, net earnings $233M (7.3% of revenue).
Darden Restaurants, Q1 FY27: revenue $3.2B (+5% year over year), operating margin 10.0%, net earnings $233M, operating cash flow $279M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | -14% | +5% |
| Gross profit | $603M | -27% | +5% |
| Operating profit | $319M | -38% | -6% |
| Net earnings | $233M | -42% | -9% |
| Operating cash flow | $279M | -51% | -19% |
| Free cash flow | $104M | -73% | -38% |
What changed
Revenue was $3.2B in Q1 FY27, up 5% year over year and down 14% from the previous quarter.
Gross margin was 18.8%, unchanged from Q1 FY26. Operating profit was $0.32B, a 10.0% margin (down 1.2 points year over year). Operating profit fell $0.02B even though revenue rose $0.16B versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 21% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+50%). Net earnings were $0.23B, down 9% year over year. The effective tax rate was 12.9%.
Operating cash flow was $0.28B (down 19% year over year), 120% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.18B left free cash flow of $0.10B.
Questions
What was Darden Restaurants' revenue in the first quarter fiscal 2027?
Darden Restaurants (DRI) reported revenue of $3.2B for the first quarter fiscal 2027 (Q1 FY27), +5% from a year earlier and -14% from the quarter before.
Was Darden Restaurants profitable in the first quarter fiscal 2027?
Operating profit was $319M (10.0% of revenue) and net earnings $233M.
Source: Darden Restaurants 10-Q on SEC EDGAR.