Filing Flows › Darden Restaurants (DRI) › Q3 FY25
Darden Restaurants (DRI) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Apr 1, 2025
Darden Restaurants (DRI) reported revenue of $3.2B for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and +9% from the quarter before. Operating margin was 13.2%, net earnings $323M (10.2% of revenue).
Darden Restaurants, Q3 FY25: revenue $3.2B (+6% year over year), operating margin 13.2%, net earnings $323M, operating cash flow $588M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | +9% | +6% |
| Gross profit | $673M | +18% | +10% |
| Operating profit | $418M | +43% | +8% |
| Net earnings | $323M | +50% | +3% |
| Operating cash flow | $588M | +51% | +0.4% |
| Free cash flow | $430M | +96% | -2% |
What changed
Revenue was $3.2B in Q3 FY25, up 6% year over year and up 9% from the previous quarter.
Gross margin was 21.3%, up 0.7 points from a year earlier. Operating profit was $0.42B, a 13.2% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 13% margin then. Operating expenses grew 12% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $0.32B, up 3% year over year. The effective tax rate was 13.1%.
Operating cash flow was $0.59B (roughly flat year over year), 182% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.16B left free cash flow of $0.43B.
Questions
What was Darden Restaurants' revenue in the third quarter fiscal 2025?
Darden Restaurants (DRI) reported revenue of $3.2B for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and +9% from the quarter before.
Was Darden Restaurants profitable in the third quarter fiscal 2025?
Operating profit was $418M (13.2% of revenue) and net earnings $323M.
Source: Darden Restaurants 10-Q on SEC EDGAR.