Darden Restaurants Inc (DRI)
Pretax margin
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,175,500 | 1,172,600 | 1,120,500 | 1,118,900 | 1,093,500 |
| Revenue | US$ in thousands | 11,390,000 | 11,391,500 | 10,487,800 | 10,461,500 | 9,630,000 |
| Pretax margin | 10.32% | 10.29% | 10.68% | 10.70% | 11.36% |
May 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,175,500K ÷ $11,390,000K
= 10.32%
The pretax margin of Darden Restaurants Inc has shown a gradual decrease over the past few years, declining from 11.36% as of May 31, 2022 to 10.32% as of May 31, 2024. This indicates that the company's profitability before taxes has slightly weakened over this period. Despite experiencing fluctuations, the pretax margin has generally remained above 10%, reflecting a reasonable level of operational efficiency in generating profits relative to total revenues. It would be important for the company to monitor and potentially address this downward trend to ensure sustained financial health and profitability.
Peer comparison
May 31, 2024