Darden Restaurants Inc (DRI)

Net profit margin

		May 31, 2024	May 26, 2024	May 31, 2023	May 28, 2023	May 31, 2022
Net income	US$ in thousands	1,027,600	1,027,600	981,900	981,900	952,800
Revenue	US$ in thousands	11,390,000	11,391,500	10,487,800	10,461,500	9,630,000
Net profit margin		9.02%	9.02%	9.36%	9.39%	9.89%

May 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $1,027,600K ÷ $11,390,000K
= 9.02%

The net profit margin for Darden Restaurants Inc has exhibited relative stability over the past few years, hovering around the 9% mark. Specifically, as of May 31, 2022, the net profit margin stood at 9.89%, showing a slight decline to 9.39% by May 28, 2023. There was a further marginal decrease to 9.36% by May 31, 2023. By May 26, 2024, the net profit margin was recorded at 9.02%, maintaining the same level as of May 31, 2024. This trend indicates that Darden Restaurants Inc has been able to consistently generate profits relative to its revenue, albeit with a slight downward trajectory in recent periods. A net profit margin of around 9% suggests that the company is effectively managing its expenses in relation to its sales, ultimately resulting in a healthy bottom line.