Darden Restaurants (DRI) Revenue — Quarter Ended Nov 26, 2023
The company's revenue in the reporting quarter was essentially unchanged from the immediately preceding quarter but rose compared to the same quarter one year earlier. This reflects a pause in sequential growth while maintaining a solid year-over-year increase.
Key takeaway
Quarter ended Nov 26, 2023 · FY2024 Q2
The company's revenue in the reporting quarter was essentially unchanged from the immediately preceding quarter but rose compared to the same quarter one year earlier. This reflects a pause in sequential growth while maintaining a solid year-over-year increase.
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
-0.1%
Change from the immediately preceding quarter.
Year-over-year
+9.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$11B
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 |
|---|---|---|
| Feb 26, 2023 | $2.8B | +13.8% |
| May 28, 2023 | $2.8B | +6.4% |
| Aug 27, 2023 | $2.7B | +11.6% |
| Nov 26, 2023 | $2.7B | +9.7% |
Revenue performance
Revenue for the quarter was nearly flat sequentially, with a slight decline versus the prior period. However, revenue was significantly higher than the year-ago quarter.
Quarterly comparison
Compared to the prior quarter, revenue was slightly lower, effectively flat. In contrast, revenue showed a notable increase compared to the same quarter last year.
What to watch
The sequential flattening of revenue bears watching, as it may indicate a shift in the near-term growth trajectory.