Darden Restaurants Inc (DRI)

Net profit margin

		May 26, 2024	May 28, 2023	May 29, 2022	May 30, 2021	May 31, 2020
Net income	US$ in thousands	1,027,600	981,900	952,800	629,300	-52,400
Revenue	US$ in thousands	11,391,500	10,461,500	9,585,300	7,181,100	7,748,300
Net profit margin		9.02%	9.39%	9.94%	8.76%	-0.68%

May 26, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $1,027,600K ÷ $11,391,500K
= 9.02%

The net profit margin of Darden Restaurants Inc has shown variability over the past five years. In the most recent fiscal year ending May 26, 2024, the company's net profit margin was 9.02%, a slight decrease from the previous year's margin of 9.39%. Despite this decline, the current margin remains relatively healthy and indicates that the company is able to generate a profit of approximately 9.02 cents for every dollar of revenue.

Comparing the latest margin to the margins in the preceding years, we observe a downward trend from 9.94% in May 29, 2022, to 8.76% in May 30, 2021. Furthermore, in May 31, 2020, Darden Restaurants Inc experienced a negative net profit margin of -0.68%, which signifies that the company incurred a loss during that fiscal year.

Overall, Darden Restaurants Inc has demonstrated the ability to maintain positive net profit margins in recent years, with fluctuations reflecting changing market conditions and business performance. The company's current net profit margin of 9.02% suggests efficient cost management and profitability in its operations.