Darden restaurants inc (DRI)
Income statement / TTM
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09Aug'09Feb'09
Sales

8,765

8,665

8,582

8,510

8,415

8,297

8,205

8,080

7,880

7,630

7,391

7,170

7,025

6,994

6,960

6,933

7,021

6,905

6,855

6,764

6,535

6,423

6,349

6,285

4,303

4,943

5,417

5,921

5,646

5,548

5,419

5,327

7,923

7,740

7,635

7,500

7,373

7,270

7,185

7,113

7,048

0

0

0

Costs and expenses:
Food and beverage costs and restaurant expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

4,364

4,239

4,131

4,088

6,108

5,959

5,840

5,699

5,611

5,562

5,513

5,484

5,452

0

0

0

Restaurant labor

2,867

2,825

2,795

2,771

2,738

2,709

2,669

2,614

2,532

2,428

2,343

2,265

2,219

2,213

2,199

2,189

2,217

2,180

2,163

2,135

2,076

2,049

2,034

2,017

1,413

1,613

1,757

1,892

1,790

1,738

1,697

1,683

2,489

2,453

2,431

2,396

2,377

2,369

2,361

2,350

2,313

0

0

0

Marketing expenses

275

265

257

255

256

252

252

252

247

243

242

239

238

234

236

238

240

240

244

243

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

392

395

399

405

405

412

416

409

440

417

398

387

345

353

375

384

413

404

431

430

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

606

604

575

540

755

752

744

742

735

710

700

690

670

0

0

0

Depreciation and amortization

349

347

342

336

327

321

317

313

304

293

282

272

269

268

275

290

304

316

321

319

316

313

308

304

211

236

259

278

275

263

249

241

340

332

324

316

311

308

304

300

296

0

0

0

Asset Impairment Charges And Disposal Group, Not Discontinued Operation, Loss (Gain) On Disposal

23

21

19

19

-2

-0

2

3

-15

-15

-15

-8

18

19

11

5

11

9

56

62

62

61

22

16

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating costs and expenses

7,896

7,808

7,738

7,677

7,582

7,496

7,424

7,313

7,173

6,927

6,701

6,492

6,333

6,310

6,311

6,311

6,434

6,368

6,421

6,396

6,150

6,119

6,023

5,976

4,125

4,681

5,114

5,521

5,366

5,223

5,065

4,972

7,300

7,136

7,000

6,852

6,754

6,675

6,613

6,569

6,513

0

0

0

Operating income

869

857

844

832

832

800

781

766

707

703

690

677

692

684

649

622

587

536

434

367

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest, net

-49

-48

-48

-50

-51

-156

-159

-161

-159

-51

-45

-40

-38

-112

-160

-172

-186

-127

-103

-192

-203

-213

-212

-134

-132

-130

-130

-126

-120

-116

-108

-102

-96

-92

-90

-93

-97

-93

-94

-93

-94

0

0

0

Other (income) expense, net

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings (loss) before income taxes

667

655

796

782

781

644

622

605

547

651

645

637

654

571

489

449

400

409

330

175

82

24

81

174

52

136

177

274

280

325

354

355

623

604

635

647

618

594

572

543

534

0

0

0

Income tax expense

28

24

75

63

95

-34

-29

1

-6

150

152

154

156

132

99

90

63

52

34

-21

-44

-60

-40

-8

-40

-4

9

36

47

62

71

75

160

154

163

168

161

155

147

136

135

0

0

0

Earnings from continuing operations

639

631

721

718

685

678

651

603

553

501

492

482

497

439

389

359

337

357

296

196

126

84

121

183

92

140

168

237

233

263

283

279

462

450

472

478

456

439

425

407

399

0

0

0

Losses from discontinued operations, net of tax benefit of $0.7, $0.8, $1.6 and $1.3, respectively

-3

-4

-3

-5

-5

-4

-8

-7

-8

-8

-4

-3

-2

-4

9

15

3

11

-4

513

564

581

597

103

239

216

202

174

196

196

196

196

-1

-1

-2

-2

-2

-2

-2

-2

-2

0

0

0

Net earnings

635

626

717

713

679

674

643

596

545

493

487

479

494

435

398

375

340

368

292

709

690

666

719

286

332

357

371

411

429

459

479

475

461

449

469

476

454

437

423

404

396

0

0

0

Basic net earnings per share:
Earnings from continuing operations (in dollars per share)

1.92

0.21

1.40

1.69

1.83

0.94

1.36

1.41

1.77

0.72

0.97

1.00

1.34

0.65

0.89

1.10

0.85

0.23

0.64

0.89

1.03

-0.24

-0.14

0.37

0.66

0.05

0.32

-0.33

1.04

0.26

0.87

-0.35

1.28

0.42

0.80

1.02

1.11

0.55

0.82

0.83

0.97

0.44

0.68

0.79

Losses from discontinued operations (in dollars per share)

0.00

-0.01

-0.01

0.01

-0.02

-0.01

-0.02

0.00

-0.01

-0.03

-0.02

-0.01

-0.01

0.00

-0.01

-0.01

-0.02

0.11

0.04

0.05

0.04

-0.02

3.95

0.28

0.18

0.10

0.22

1.36

0.00

0.00

-0.01

1.51

0.00

-0.01

0.00

-0.01

0.00

-0.01

0.00

0.00

-0.01

-0.01

0.00

0.00

Net earnings (in dollars per share)

1.92

0.20

1.39

1.70

1.81

0.93

1.34

1.41

1.76

0.69

0.95

0.99

1.33

0.65

0.88

1.09

0.83

0.34

0.68

0.94

1.07

-0.26

3.81

0.65

0.84

0.15

0.54

1.03

1.04

0.26

0.86

1.16

1.28

0.41

0.80

1.01

1.11

0.54

0.82

0.83

0.96

0.43

0.68

0.79

Diluted net earnings per share:
Earnings from continuing operations (in dollars per share)

1.90

0.21

1.38

1.67

1.80

0.92

1.34

1.39

1.74

0.71

0.95

0.99

1.32

0.64

0.88

1.08

0.84

0.23

0.63

0.88

1.01

-0.24

-0.14

0.36

0.65

0.05

0.32

-0.33

1.02

0.26

0.85

-0.34

1.25

0.41

0.78

0.99

1.08

0.54

0.80

0.81

0.95

0.43

0.67

0.78

Losses from discontinued operations (in dollars per share)

-0.01

-0.01

-0.01

-0.01

-0.01

0.00

-0.02

0.01

-0.01

-0.04

-0.02

-0.02

0.00

0.00

-0.01

0.00

-0.02

0.10

0.04

-0.01

0.04

-0.02

3.95

0.29

0.17

0.10

0.21

1.33

0.00

0.00

0.00

1.48

0.00

-0.01

0.00

-0.01

0.00

-0.01

0.00

-0.01

-0.01

0.00

0.00

0.00

Net earnings (in dollars per share)

1.89

0.20

1.37

1.66

1.79

0.92

1.32

1.40

1.73

0.67

0.93

0.97

1.32

0.64

0.87

1.08

0.82

0.33

0.67

0.87

1.05

-0.26

3.81

0.65

0.82

0.15

0.53

1.00

1.02

0.26

0.85

1.14

1.25

0.40

0.78

0.98

1.08

0.53

0.80

0.80

0.94

0.43

0.67

0.78

Average number of common shares outstanding:
Basic (in shares)

121

122

122

123

123

123

123

123

123

123

125

125

124

123

124

126

127

128

127

126

124

127

132

131

131

130

130

129

129

128

128

128

128

130

133

134

136

137

138

140

139

139

138

136

Diluted (in shares)

122

123

124

125

125

125

125

125

125

125

127

126

125

124

126

128

129

129

129

132

126

127

132

134

133

132

132

132

131

131

131

131

130

133

137

138

140

141

141

144

142

141

141

138

Dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

0.56

0.56

0.56

0.50

0.50

0.55

0.55

0.55

0.55

0.55

0.55

0.55

0.55

0.55

0.55

0.50

0.50

0.50

0.50

0.43

0.43

0.43

0.43

0.32

0.32

0.32

0.32

-

0.25

0.25

-

-

Food and beverage
Food and beverage costs and restaurant expenses

2,472

2,452

2,432

2,412

2,386

2,351

2,331

2,303

2,258

2,197

2,132

2,070

2,029

2,026

2,030

2,039

2,089

2,082

2,085

2,085

2,023

1,978

1,940

1,892

1,208

1,418

1,578

1,743

1,646

1,613

1,579

1,553

2,428

2,338

2,259

2,173

2,113

2,081

2,058

2,051

2,059

0

0

0

Restaurant expenses
Food and beverage costs and restaurant expenses

1,524

1,506

1,492

1,477

1,460

1,441

1,432

1,417

1,391

1,350

1,304

1,265

1,237

1,222

1,195

1,163

1,150

1,121

1,120

1,120

1,110

1,105

1,090

1,080

798

875

938

980

927

887

855

851

1,190

1,167

1,149

1,129

1,119

1,111

1,093

1,082

1,079

0

0

0