Darden Restaurants Inc (DRI)
Gross profit margin
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,410,200 | 2,265,700 | 2,083,400 | 1,965,100 | 1,995,000 |
| Revenue | US$ in thousands | 11,390,000 | 11,391,500 | 10,487,800 | 10,461,500 | 9,630,000 |
| Gross profit margin | 21.16% | 19.89% | 19.86% | 18.78% | 20.72% |
May 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,410,200K ÷ $11,390,000K
= 21.16%
Darden Restaurants Inc's gross profit margin has shown some variability over the years based on the provided data.
In May 2022, the gross profit margin stood at 20.72%, indicating that the company was able to retain approximately 20.72% of its revenue after accounting for the cost of goods sold.
By May 2023, the gross profit margin had decreased to 18.78%, suggesting a slight decline in the company's profitability. However, this was followed by an improvement in May 2023 with the margin increasing to 19.86%.
The trend continued in May 2024, as the gross profit margin slightly increased to 19.89% and finally reached its peak at 21.16% in May 2024. This upward trend in the gross profit margin indicates that Darden Restaurants Inc was able to increase its profitability and effectively manage its cost of goods sold during this period.
Overall, the fluctuation in the gross profit margin of Darden Restaurants Inc over the years suggests that the company may have been implementing strategies to optimize its cost structure and improve overall profitability.
Peer comparison
May 31, 2024