Darden Restaurants Restaurant expenses — Food and beverage costs and restaurant expenses increased by 4.0% to $528.70M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.5%, from $501.00M to $528.70M. Over 4 years (FY 2021 to FY 2025), Restaurant expenses — Food and beverage costs and restaurant expenses shows an upward trend with a 9.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase relative to revenue suggests margin compression due to rising commodity prices or operational inefficiencies, while a decrease indicates improved cost management or favorable food cost trends.
This metric represents the aggregate direct costs associated with operating restaurant locations, primarily encompassing...
Peers in the full-service restaurant industry typically report this as 'Cost of Goods Sold' or 'Restaurant-Level Operating Expenses,' with benchmarks often tied to a percentage of total restaurant sales.
dri_segment_restaurant_expenses_food_and_beverage_costs_and_restaurant_expenses| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $386.00M | $378.10M | $385.00M | $395.70M | $423.80M | $403.50M | $417.00M | $440.30M | $415.50M | $446.60M | $450.40M | $471.90M | $443.40M | $453.70M | $472.20M | $501.00M | $517.10M | $504.20M | $508.30M | $528.70M |
| QoQ Change | — | -2.0% | +1.8% | +2.8% | +7.1% | -4.8% | +3.3% | +5.6% | -5.6% | +7.5% | +0.9% | +4.8% | -6.0% | +2.3% | +4.1% | +6.1% | +3.2% | -2.5% | +0.8% | +4.0% |
| YoY Change | — | — | — | — | +9.8% | +6.7% | +8.3% | +11.3% | -2.0% | +10.7% | +8.0% | +7.2% | +6.7% | +1.6% | +4.8% | +6.2% | +16.6% | +11.1% | +7.6% | +5.5% |