Darden Restaurants (DRI) Revenue — Quarter Ended Feb 25, 2024
Revenue increased in the quarter. The growth was positive both compared to the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Feb 25, 2024 · FY2024 Q3
Revenue increased in the quarter. The growth was positive both compared to the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
+9.1%
Change from the immediately preceding quarter.
Year-over-year
+6.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.2B
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 |
|---|---|---|
| May 28, 2023 | $2.8B | +6.4% |
| Aug 27, 2023 | $2.7B | +11.6% |
| Nov 26, 2023 | $2.7B | +9.7% |
| Feb 25, 2024 | $3B | +6.8% |
Revenue performance
The company's revenue for the quarter was higher than the prior quarter, and also exceeded the year-ago quarter's figure.
Quarterly comparison
The sequential growth rate outpaced the year-over-year growth rate, indicating a stronger acceleration on a short-term basis.
What to watch
The trailing twelve-month revenue level warrants attention as it reflects the cumulative performance over the past year.