Darden Restaurants Inc (DRI)

Gross profit margin

		May 26, 2024	May 28, 2023	May 29, 2022	May 30, 2021	May 31, 2020
Gross profit	US$ in thousands	2,265,700	1,965,100	1,901,800	1,402,400	1,170,400
Revenue	US$ in thousands	11,391,500	10,461,500	9,585,300	7,181,100	7,748,300
Gross profit margin		19.89%	18.78%	19.84%	19.53%	15.11%

May 26, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,265,700K ÷ $11,391,500K
= 19.89%

Darden Restaurants Inc's gross profit margin has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on May 26, 2024, the gross profit margin increased to 19.89%, marking an improvement compared to the previous year's 18.78%. This suggests the company was able to effectively control its costs associated with generating revenue.

Looking further back, the gross profit margin was relatively stable between 2019 and 2022, ranging from 19.11% to 19.84%. This indicates Darden Restaurants Inc maintained consistency in managing its production and operational expenses during this period.

The notable upsurge in gross profit margin from 15.11% in 2020 to 19.53% in 2021 signifies a significant enhancement in the company's profitability. This could be a result of strategic cost-saving measures or improved pricing strategies implemented during the challenging economic conditions of 2020.

Overall, Darden Restaurants Inc's gross profit margin analysis reveals a generally positive trend with occasional fluctuations, showcasing the company's ability to adapt and optimize its cost structure to drive profitability.