Darden Restaurants (BSP:D1RI34) Tax Rate % : 10.69% (As of Feb. 2024)

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What is Darden Restaurants Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Darden Restaurants's Tax Expense for the three months ended in Feb. 2024 was R$186 Mil. Darden Restaurants's Pre-Tax Income for the three months ended in Feb. 2024 was R$1,741 Mil. Therefore, Darden Restaurants's Tax Rate % for the quarter that ended in Feb. 2024 was 10.69%.

Darden Restaurants Tax Rate % Historical Data

The historical data trend for Darden Restaurants's Tax Rate % 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 Tax Rate % Chart

Darden Restaurants Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Tax Rate %

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8.14

69.44

-9.70

12.69

12.23

Darden Restaurants Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Tax Rate %	Get a 7-Day Free Trial															13.17	10.44	12.72	12.05	10.69

Darden Restaurants Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Darden Restaurants's Tax Rate % for the fiscal year that ended in May. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: May. 2023 )	/	Pre-Tax Income (A: May. 2023 )
	=	682.438	/	5581.547
	=	12.23 %

Darden Restaurants's Tax Rate % for the quarter that ended in Feb. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Feb. 2024 )	/	Pre-Tax Income (Q: Feb. 2024 )
	=	186.034	/	1740.78
	=	10.69 %

Darden Restaurants Tax Rate % Related Terms

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Darden Restaurants (BSP:D1RI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Darden Restaurants Inc (BSP:D1RI34) » Definitions » Tax Rate %

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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.

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