Darden Restaurants (DRI) Revenue — Quarter Ended Aug 25, 2024
Revenue declined from the previous quarter but rose compared to the same quarter last year. This mixed performance reflects both seasonal variation and sustained year-over-year growth.
Key takeaway
Quarter ended Aug 25, 2024 · FY2025 Q1
Revenue declined from the previous quarter but rose compared to the same quarter last year. This mixed performance reflects both seasonal variation and sustained year-over-year growth.
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
-6.8%
Change from the immediately preceding quarter.
Year-over-year
+1.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.4B
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 26, 2023 | $2.7B | +9.7% |
| Feb 25, 2024 | $3B | +6.8% |
| May 26, 2024 | $3B | +6.8% |
| Aug 25, 2024 | $2.8B | +1.0% |
Revenue performance
The sequential decrease marks a reversal from the prior quarter's level, while the year-over-year increase demonstrates ongoing demand strength.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, contrasting with the uptrend seen in earlier periods. However, versus the same quarter a year ago, revenue remained higher, indicating a positive underlying trajectory.
What to watch
The key watch item is whether the sequential decline represents normal seasonality or signals a shift in consumer spending patterns.