Darden Restaurants (DRI) Revenue — Quarter Ended Aug 27, 2023
Revenue for the reported quarter declined compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Aug 27, 2023 · FY2024 Q1
Revenue for the reported quarter declined compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
-1.4%
Change from the immediately preceding quarter.
Year-over-year
+11.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.8B
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 |
|---|---|---|
| Nov 27, 2022 | $2.5B | +9.4% |
| Feb 26, 2023 | $2.8B | +13.8% |
| May 28, 2023 | $2.8B | +6.4% |
| Aug 27, 2023 | $2.7B | +11.6% |
Revenue performance
The quarter's revenue was lower than the prior quarter, indicating a sequential contraction in top-line performance.
Quarterly comparison
Compared to the same quarter last year, revenue was higher, reflecting continued year-over-year growth. The preceding quarter's revenue had been at a higher level than the current quarter.
What to watch
Monitor whether the sequential revenue decline extends into the next quarter or reverses.