>
Switch to:

Darden Restaurants Cost of Goods Sold

: $6,276 Mil (TTM As of Aug. 2021)
View and export this data going back to 1995. Start your Free Trial

Darden Restaurants's cost of goods sold for the three months ended in Aug. 2021 was $1,800 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Aug. 2021 was $6,276 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Darden Restaurants's Gross Margin % for the three months ended in Aug. 2021 was 21.96%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Darden Restaurants's Inventory Turnover for the three months ended in Aug. 2021 was 8.96.


Darden Restaurants Cost of Goods Sold Historical Data

The historical data trend for Darden Restaurants's Cost of Goods Sold 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.

* Premium members only.

Darden Restaurants Annual Data
Trend May12 May13 May14 May15 May16 May17 May18 May19 May20 May21
Cost of Goods Sold
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,600.80 6,334.70 6,661.40 6,398.50 5,702.60

Darden Restaurants Quarterly Data
Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21
Cost of Goods Sold Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,226.10 1,341.10 1,395.60 1,739.80 1,799.50

Darden Restaurants Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Aug. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,276 Mil.

* 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.


Darden Restaurants  (NYSE:DRI) Cost of Goods Sold Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Darden Restaurants's Gross Margin % for the three months ended in Aug. 2021 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(2306 - 1799.5) / 2306
=21.96 %

* 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.

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Darden Restaurants's Inventory Turnover for the three months ended in Aug. 2021 is calculated as:

* 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.

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.


Darden Restaurants Cost of Goods Sold Related Terms

Thank you for viewing the detailed overview of Darden Restaurants's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.


Darden Restaurants Business Description

Darden Restaurants logo
Industry
Consumer Cyclical » Restaurants NAICS : 722511 SIC : 5812
Traded in Other Exchanges
Address
1000 Darden Center Drive, Orlando, FL, USA, 32837
Darden Restaurants is the largest restaurant operator in the U.S. casual and fine dining markets, with consolidated revenue of $7.2 billion in fiscal 2021 resulting in 3.8% market share. The company maintains a portfolio of eight restaurant chains: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Eddie V's, and Bahama Breeze. Darden generates revenue almost exclusively from company-owned restaurants, though a network of 64 franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of May 31, the company owned 1,834 restaurants in the U.S.
Executives
Connelly Susan M. officer: SVP, Chief Comm & PA Officer 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Simon William S director 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Jamison Cynthia T director TRACTOR SUPPLY COMPANY 5401 VIRGINIA WAY BRENTWOOD TN 37027
Atkins M Shan director C/O SPARTANNASH 850 76TH SW GRAND RAPIDS MI 49518
Fogarty James P director C/O WARNACO INC 90 PARK AVE NEW YORK NY 10016
Wilmott Timothy J director C/O PENN NATIONAL GAMING, INC. 825 BERKSHIRE BLVD., SUITE 200 WYOMISSING PA 19610
Mensah Nana director 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019
Sonsteby Charles M director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SONSTEBY CHARLES M a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Martin Melvin John officer: President, SRG 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Lee Eugene I Jr director, officer: President and CEO 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Milanes Douglas J. officer: SVP, Chief Supply Chain Ofcr 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
King Sarah H. officer: SVP, Chief HR Officer 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Madonna John W. officer: SVP, Corporate Controller 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Burrowes Todd officer: President, LongHorn Steakhouse 150 WEST CHURCH AVENUE MARYVILLE TN 37801
Broad Matthew R officer: SVP General Counsel C/O DARDEN RESTAURANTS, INC. 1000 DARDEN CENTER DRIVE ORLANDO FL 32837

Darden Restaurants Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)