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Darden Restaurants DRI LongHorn Steakhouse — Pre-opening costs

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Other financials

Income statement

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Revenue$3.7B+13.7%
Operating income$516.8M+35.0%
Net income$404.9M+33.3%
EPS (diluted)$3.51+36.6%

Balance sheet

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Cash & equivalents$219.5M-8.5%
Total debt$8.0B+3.0%
Total equity$2.2B-4.5%
Total assets$12.9B+2.2%

Cash flow

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Operating cash flow$572.1M+25.2%
CapEx$193.1M+12.3%
Free cash flow$379.0M+33.0%

Valuation

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Market cap$22.48B-5.4%
Enterprise value$30.28B-3.3%
P/E18.6×-4.0×
P/S1.7×-0.3×

Profitability

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Operating margin12%+0.7pp
Net margin9.1%+0.4pp
FCF margin8.5%-0.3pp

Returns & leverage

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Return on equity53.4%+7.3pp
Debt / equity3.6×+0.3×
Current ratio0.3×-0.1×

Where this comes from

Reported directly by Darden Restaurants in its filing.

Tagged under the XBRL concept us-gaap:PreOpeningCosts.

The official record: Darden Restaurants’s 10-K, filed July 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Darden Restaurants's longhorn steakhouse — pre-opening costs?
Darden Restaurants (DRI) reported longhorn steakhouse — pre-opening costs of $3.2M in Q1 2026.
How has Darden Restaurants's longhorn steakhouse — pre-opening costs changed year-over-year?
Darden Restaurants's longhorn steakhouse — pre-opening costs increased by 39.1% year-over-year, from $2.3M to $3.2M.
What is the long-term trend for Darden Restaurants's longhorn steakhouse — pre-opening costs?
Over 3 years (2023 to 2026), Darden Restaurants's longhorn steakhouse — pre-opening costs has grown at a 15.1% compound annual growth rate (CAGR), from $6.1M to $9.3M.
What does longhorn steakhouse — pre-opening costs mean?
Expenses incurred in the period leading up to the opening of new restaurant locations, including staff training, marketing, and initial inventory setup. These are typically treated as operating expenses rather than capital expenditures.