Darden Restaurants Inc. (NYSE: DRI)
Restaurants Β· Orlando, FL, United States Β· Founded 1938
- Market capitalization: $20.0 billion
- Annual revenue: $12.08 billion
- Net income: $1.05 billion
- Employees: 190,000
- Sector: Consumer Cyclical
- Headquarters: Orlando, United States
- Founded: 1938
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Darden is the largest full-service restaurant company in the US, operating Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris, Cheddar's, and several other chains. Olive Garden alone does over $4 billion in annual sales. They're the blue-chip of casual dining.
Restaurant sales from company-owned locations β Darden doesn't franchise. Revenue comes from food and beverage sales, with margins driven by operational efficiency, supply chain scale, and real estate management.
Darden was spun off from General Mills in 1995. They've been reshaping the portfolio β selling Red Lobster in 2014 and acquiring Ruth's Chris Steak House in 2023 for $715 million. The company survived activist investor Starboard Value's campaign in 2014, which famously included a 294-slide presentation criticizing Olive Garden's breadstick policy.
| Market Capitalization | $20.0B |
| Annual Revenue | $12.08B |
| Net Income | $1.05B |
| Profit Margin | 9% |
| Revenue per Employee | $63579K |
| Stock Exchange | NYSE |
| Ticker Symbol | DRI |
Financial data is approximate and based on most recent annual filings.
Olive Garden gives away over 700 million breadsticks per year. The Starboard Value activist presentation about Olive Garden's operations became legendary on Wall Street for its absurd level of detail about breadsticks and salad.
Darden proves casual dining isn't dead β it just needs to be run well. Olive Garden's consistency is remarkable, and the Ruth's Chris addition adds a premium tier.
What is Darden Restaurants Inc.'s revenue?
Darden Restaurants Inc. generates approximately $12.08 billion in annual revenue.
How many employees does Darden Restaurants Inc. have?
Darden Restaurants Inc. employs approximately 190,000 people worldwide.
What is Darden Restaurants Inc.'s market cap?
Darden Restaurants Inc. (DRI) has a market capitalization of approximately $20.0 billion on the NYSE.
When was Darden Restaurants Inc. founded?
Darden Restaurants Inc. was founded in 1938 and is headquartered in Orlando, FL, United States.
Who is the CEO of Darden Restaurants Inc.?
Rick Cardenas is the current CEO of Darden Restaurants Inc..
What is Darden Restaurants Inc.'s website?
Darden Restaurants Inc.'s official website is darden.com.
| CEO | Rick Cardenas |
| Sector | Consumer Cyclical |
| Industry | Restaurants |
| Founded | 1938 |
| HQ | Orlando, FL |
| Country | United States |
| Website | darden.com |
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