Hey All,
Thanks for visiting my Darden Restaurants Financial Report page. On this page, you will be able to find preliminary information about Darden's current financial performance as well as some historical track records and trends.
For a more detailed examination of Darden Restaurants' financial performance, I offer two reports, which are "A Beginner's Guide to Darden Restaurants Financial Analysis" and "Darden Restaurants Financial Report by Paul Borosky, MBA." Both reports are written by myself, Paul Borosky, MBA., Doctoral Candidate, and published author, and include:
- Summarized income statements for the last 5 years.
- Summarized balance sheets for the last 5 years.
- Five years’ worth of over twenty common financial ratios presented with formulas, calculations, and analysis tips for each ratio.
- Line by line description, explanation, and analysis tip for most financial statement line items and financial ratios.
- Professional financial analysis tips are provided in each section to help YOU conduct your OWN financial analysis!
- Each section includes an “in other words” segment. This is where I use plain English to explain concepts.
For a MORE in-depth review of the company's financial statements and ratios, make sure to buy my "Darden Restaurants Financial Report". The financial report includes all aspects of my "Beginner's Guide" plus a whole lot more...
- Professional financial analysis of important income statements, balance sheets, and financial ratio trends.
- "Letter Grade" is assigned to most financial statement line items and financial ratios to help you better understand their overall trends for the last 5 years.
- Overall financial analysis summary for the company.
Enjoy the preliminary information and for a more detailed analysis, buy the financial report!
Sincerely,
Paul, MBA.
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Sample Financial Report


Darden Restaurant: Brief Summary
Darden Restaurants headquarters is located in Orlando, Florida. The company competes in the restaurant industry—specifically, the consumer cyclical sector. At present, the organization employs approximately 175,000 individuals. Darden Restaurant brands include the Olive Garden, Longhorn Steakhouse, Cheddar's Scratch Kitchen, the Capital Grille, and others. At present, the organization operates approximately 1,800 restaurants in the United States as well as Canada.
Darden Restaurant Financial Report Sources
“Darden Restaurant Inc. 2022 Company Analysis… For Beginners: Financial Statements and Financial Ratios: Defined, Discussed, and Analyzed for 5 Years” was written by Paul Borosky, MBA., and owner of Quality Business Plan. In this report, the author selected Darden's 2022 10k, 2017 10k annual report, 2016 10k annual report, and Darden's 2019 10k annual report as the basis for information gathering. Once all Darden's 10k annual statements were collected, the author then inserted Darden's s income statement information and Darden's balance sheet information into a customized financial template.
Darden Restaurant’s Income Statement – Summary Analysis
In this section, I walk through a broad definition of what an income statement is and why it is important. From this, I then discuss and define income statement line items, such as revenues, gross profits, etc., in detail. After each line item is defined and discussed, I finally offer a summary analysis of Darden Restaurant's important income statement line item trends, in most cases.
Revenue Growth:
Darden Restaurant’s revenues were $8 billion as of 2018. Over the next several years, the company would increase its revenues moderately, ending 2022 at $9.6 billion. On average, the annual revenue growth rate over the last five years was about 5.8%. This trend indicates that the company has entered the mature phase of the business cycle and is consistently growing the revenues moderately but seemingly sustainable over the long term. From an investor’s perspective, this is a good trend.
Analyst Grade: A
Darden 2022 Summary Income Statement |
|||||
Column1 |
2022 |
2021 | 2020 | 2019 |
2018 |
Revenues |
9,630 |
7,191 | 7,806 | 8,510 |
8,080 |
COGS |
2,943 |
2,072 | 2,240 | 2,412 |
2,303 |
Gross Profit |
6,687 |
5,119 | 5,566 | 6,098 |
5,777 |
SG&A |
466 |
487 | 614 | 405 |
409 |
Depreciation |
368 |
350 | 356 | 591 |
565 |
R & D | - | - | - | - | - |
Other | - | - | - | - | - |
Total Operating Expenses |
8,468 |
3,630 | 4,157 | 4,248 |
4,031 |
EBIT |
1,162 |
648 | 48 | 832 |
766 |
Other Income | - | - | - | - | - |
Interest Expense |
69 |
63 | 57 | 50 |
161 |
EBT |
1,094 |
576 | (161) | 782 |
605 |
Taxes |
139 |
(55) | (111) | 64 |
2 |
Net Income |
953 |
629 | (52) | 713 |
596 |
Darden Restaurant’s Balance Sheet
For Darden Restaurant's balance sheet, I again go through each important line item from the balance sheet. In reviewing each line item, I will define Darden's balance sheet line item, such as cash, property, plant and equipment, and liabilities. Next, I then offer a summary analysis of Darden’s important balance sheet line items.
Cash:
Darden Restaurant’s cash holding was $146 million in 2018. As a percentage of sales, their cash holdings were 1.8%. As of 2022, their cash holdings increased to $421 million or 4.4% of sales. The substantial increase in cash holdings indicates that the organization feels the need to increase its liquidity to ensure current liability coverage. From an investor perspective, a significant increase in idle cash is a concerning and negative trend.
Analyst Grade: B
Darden 2022 Summary Balance Sheet |
|||||
Column1 |
2022 |
2021 | 2020 | 2019 |
2018 |
Cash |
421 |
1,214 | 763 | 457 |
146 |
Short Term Investment | - | - | - | - | - |
Account Receivable |
72 |
68 | 50 | 88 |
83 |
Inventory |
271 |
190 | 207 | 207 |
205 |
Other | - | - | - | - | - |
Current Assets |
1,179 |
1,871 | 1,101 | 893 |
553 |
Net PPE |
3,356 |
2,869 | 2,757 | 2,553 |
2,429 |
Goodwill |
1,037 |
1,037 | 1,037 | 1,184 |
1,183 |
Other | - | - | - | - | - |
Total Assets |
10,136 |
10,656 | 9,946 | 5,893 |
5,469 |
Accounts Payable |
367 |
304 | 249 | 333 |
277 |
Accrued Expense |
182 |
177 | 150 | 175 |
177 |
Accrued Taxes |
32 |
35 | 6 | 12 |
- |
Notes Payable | - | - |
270 |
- |
- |
LT Debt - Current | - | - | - | - | - |
Other | - | - | - | - | - |
Total Current Liabilities |
1,848 |
1,848 | 1,793 | 1,474 |
1,384 |
LT Debt |
91 |
929 | 929 | 928 |
926 |
Other | - | - | - | - | - |
Total Liabilities |
7,938 |
7,843 | 7,615 | 3,500 |
3,274 |
Common Stock |
2,226 |
2,286 | 2,205 | 1,685 |
1,631 |
Treasury | - | - | - |
- |
(8) |
Retained Earnings |
(26) |
522 | 144 | 807 |
658 |
Other | - | - | - | - | - |
Total Equity |
2,198 |
2,813 | 2,331 | 2,393 |
2,195 |
Total Equity & Liability |
10,136 |
10,656 | 9,946 | 5,893 |
5,470 |
Section 3: Darden Inc. Financial Ratios Analyzed
For this section, I have chosen about 16 different financial ratios to review for Darden Restaurant Inc from 2016 to 2020. In reviewing each of Darden's financial ratios, I first start with defining the financial ratio. Next, I supply the financial formula for calculating the specific ratio. Finally, I offer a brief analysis of important Darden's Financial ratios.
Darden's Current Ratio
Darden Restaurant’s current ratio was .4 in 2018. In the next several years, the organization would improve its current ratio ending in 2021 at 1.01. However, in 2022, the organization would reduce its current ratio to .64. This trend indicates that the company is having moderate difficulties in sustaining a stable current ratio. Investors should be concerned about this trend because it indicates that the organization is unable to execute optimal current asset management strategies consistently.
Analyst Grade: B
Darden's Return on Assets
Darden Restaurant’s return on assets (ROA) in 2018 was 10.9%. In 2022, their return on assets was 9.4%. This trend indicates that the company is underutilizing assets under management on a consistent basis in terms of generating revenues. From this, the company either needs to sell off underperforming fixed assets or quickly implement new sales strategies to increase revenues in the short term. From an investor’s perspective, this is a poor trend.
Analyst Grade: C