Darden Restaurants (DRI) Revenue — Quarter Ended May 28, 2023
Revenue for the quarter was slightly lower than the immediately preceding quarter, marking a sequential decline. However, compared to the same quarter one year earlier, revenue increased.
Key takeaway
Quarter ended May 28, 2023 · FY2023 Q4
Revenue for the quarter was slightly lower than the immediately preceding quarter, marking a sequential decline. However, compared to the same quarter one year earlier, revenue increased.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.8B
Revenue reported for this quarter.
Quarter-over-quarter
-0.6%
Change from the immediately preceding quarter.
Year-over-year
+6.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 28, 2022 | $2.4B | +6.1% |
| Nov 27, 2022 | $2.5B | +9.4% |
| Feb 26, 2023 | $2.8B | +13.8% |
| May 28, 2023 | $2.8B | +6.4% |
Revenue performance
The reported revenue direction shows a modest decrease from the prior quarter, while still posting a year-over-year gain.
Quarterly comparison
Compared to the prior quarter, revenue edged lower. On a year-over-year basis, revenue was higher than the same quarter a year ago.
What to watch
The slight sequential decline follows a period of sustained year-over-year increases.