DR

Darden Restaurants, Inc. stock research

May 25, 2025

FY2025 Q4

Darden Restaurants (DRI) Gross Margin — Quarter Ended May 25, 2025

Revenue increased while cost of revenue grew at a slightly faster pace, resulting in a modest rise in gross profit but a marginal decline in gross margin compared to the prior quarter. Versus the same quarter last year, revenue and gross profit were both higher while gross margin narrowed.

Gross margin takeaway

Quarter ended May 25, 2025 · FY2025 Q4

Revenue increased while cost of revenue grew at a slightly faster pace, resulting in a modest rise in gross profit but a marginal decline in gross margin compared to the prior quarter. Versus the same quarter last year, revenue and gross profit were both higher while gross margin narrowed.

  • The strongest observable driver is the absolute growth in gross profit, which kept pace with revenue expansion between the current and previous quarter. This reflects a stable cost structure relative to revenue in the near term.
  • Compared with the immediately preceding quarter, gross margin improved slightly. Compared with the same quarter one year earlier, gross margin weakened moderately.

Gross margin snapshot

The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.

Gross margin

21.6%

Gross profit

$707.7M

Revenue

$3.3B

Cost of revenue

$2.6B

Quarter-over-quarter change

+0.3 pts

Year-over-year change

-0.1 pts

Quarterly gross margin trend

A four-quarter view of the revenue and direct-cost bridge behind gross margin.

PeriodRevenueGross profitCost of revenueGross margin
Aug 25, 2024$2.8B$522.6M$2.2B19.0%
Nov 24, 2024$2.9B$569.4M$2.3B19.7%
Feb 23, 2025$3.2B$673.0M$2.5B21.3%
May 25, 2025$3.3B$707.7M$2.6B21.6%

Quarterly comparisons

Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.

Previous-quarter change

Feb 23, 2025

+0.3 pts

Year-over-year change

May 26, 2024

-0.1 pts

What the margin says

Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.

The strongest observable driver is the absolute growth in gross profit, which kept pace with revenue expansion between the current and previous quarter. This reflects a stable cost structure relative to revenue in the near term.

Compared with the immediately preceding quarter, gross margin improved slightly. Compared with the same quarter one year earlier, gross margin weakened moderately.

Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters for any shift in the gross margin trend.