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Darden Restaurants (DRI) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 27, 2026
Darden Restaurants (DRI) reported revenue of $3.3B for the third quarter fiscal 2026 (Q3 FY26), +6% from a year earlier and +8% from the quarter before. Operating margin was 12.1%, net earnings $307M (9.2% of revenue).
Darden Restaurants, Q3 FY26: revenue $3.3B (+6% year over year), operating margin 12.1%, net earnings $307M, operating cash flow $618M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +8% | +6% |
| Gross profit | $704M | +21% | +5% |
| Operating profit | $406M | +27% | -3% |
| Net earnings | $307M | +29% | -5% |
| Operating cash flow | $618M | +93% | +5% |
| Free cash flow | $452M | +277% | +5% |
What changed
Revenue was $3.3B in Q3 FY26, up 6% year over year and up 8% from the previous quarter.
Gross margin was 21.0%, down 0.3 points from Q3 FY25. Operating profit was $0.41B, a 12.1% margin (down 1.1 points year over year). Operating profit fell $0.01B even though revenue rose $0.19B versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $0.31B, down 5% year over year. The effective tax rate was 13.1%.
Operating cash flow was $0.62B (up 5% year over year), 201% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.15B. Capital expenditures of $0.17B left free cash flow of $0.45B.
Questions
What was Darden Restaurants' revenue in the third quarter fiscal 2026?
Darden Restaurants (DRI) reported revenue of $3.3B for the third quarter fiscal 2026 (Q3 FY26), +6% from a year earlier and +8% from the quarter before.
Was Darden Restaurants profitable in the third quarter fiscal 2026?
Operating profit was $406M (12.1% of revenue) and net earnings $307M.
Source: Darden Restaurants 10-Q on SEC EDGAR.