Darden Restaurants (Darden Restaurants) Asset Impairment Charge

: $13 Mil (TTM As of Feb. 2024)

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Darden Restaurants's Asset Impairment Charge for the three months ended in Feb. 2024 was $0 Mil. Its Asset Impairment Charge for the trailing twelve months (TTM) ended in Feb. 2024 was $13 Mil.

Darden Restaurants Asset Impairment Charge Historical Data

The historical data trend for Darden Restaurants's Asset Impairment Charge can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Darden Restaurants Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Asset Impairment Charge

19.00

390.20

6.60

-2.00

-10.60

Darden Restaurants Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Asset Impairment Charge																1.30	1.80	3.10	7.50	0.40

Darden Restaurants Asset Impairment Charge Calculation

Asset Impairment Charge is the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.

Asset Impairment Charge for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $13 Mil.

Darden Restaurants Asset Impairment Charge Related Terms

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Darden Restaurants (Darden Restaurants) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Darden Restaurants Inc (NYSE:DRI) » Definitions » Asset Impairment Charge

Comparable Companies

Traded in Other Exchanges

DDN:Germany DDN:Germany

Address

1000 Darden Center Drive, Orlando, FL, USA, 32837

Website

https://www.darden.com

Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $10.5 billion in fiscal 2023 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2023, the company operated 1,914 restaurants in the U.S.

Executives

John W. Madonna	officer: SVP, Corporate Controller	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Douglas J. Milanes	officer: SVP, Chief Supply Chain Ofcr	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Melvin John Martin	officer: President, SRG	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Sarah H. King	officer: SVP, Chief HR Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Susan M. Connelly	officer: SVP, Chief Comm & PA Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Lee Eugene I Jr	officer: President, Speciality Rest Grp	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Rajesh Vennam	officer: SVP, CFO and Treasurer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Ricardo Cardenas	officer: SVP Chief Strategy Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Matthew R Broad	officer: SVP General Counsel	C/O DARDEN RESTAURANTS, INC., 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Todd Burrowes	officer: President, LongHorn Steakhouse	150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Daniel J. Kiernan	officer: President, Olive Garden	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
William S Simon	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Nana Mensah	director	1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Richard L. Renninger	officer: SVP, Chief Development Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Timothy J Wilmott	director	C/O PENN NATIONAL GAMING, INC., 825 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610