Darden Restaurants (DRI) 10-Q 27 Sep 24 2025 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Aug. 25, 2024	Sep. 16, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 25, 2024
Document Transition Report	false
Entity File Number	1-13666
Entity Registrant Name	DARDEN RESTAURANTS, INC.
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	59-3305930
Entity Address, Address Line One	1000 Darden Center Drive
Entity Address, City or Town	Orlando,
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32837
City Area Code	407
Local Phone Number	245-4000
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	DRI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		117,500,476
Entity Central Index Key	0000940944
Amendment Flag	false
Current Fiscal Year End Date	--05-25
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Sales	$ 2,757	$ 2,730.6
Costs and expenses:
Restaurant labor	889.3	875.3
Marketing expenses	44.7	38.6
General and administrative expenses	126.4	153.3
Depreciation and amortization	121.5	109.8
Impairments and disposal of assets, net	1	3.1
Total operating costs and expenses	2,487.8	2,477.7
Operating income	269.2	252.9
Interest, net	37.1	29.7
Earnings before income taxes	232.1	223.2
Income tax expense	24.5	28.4
Earnings from continuing operations	207.6	194.8
Losses from discontinued operations, net of tax benefit of $0.4 and $0.1, respectively	(0.4)	(0.3)
Net earnings	$ 207.2	$ 194.5
Basic net earnings per share:
Earnings from continuing operations (in dollars per share)	$ 1.75	$ 1.61
Losses from discontinued operations (in dollars per share)	0	0
Net earnings (in dollars per share)	1.75	1.61
Diluted net earnings per share:
Earnings from continuing operations (in dollars per share)	1.74	1.60
Losses from discontinued operations (in dollars per share)	0	(0.01)
Net earnings (in dollars per share)	$ 1.74	$ 1.59
Average number of common shares outstanding:
Basic (in shares)	118.5	120.9
Diluted (in shares)	119.2	122
Food and beverage
Costs and expenses:
Food and beverage costs and restaurant expenses	$ 846.7	$ 851
Restaurant expenses
Costs and expenses:
Food and beverage costs and restaurant expenses	$ 458.2	$ 446.6

CONSOLIDATED STATEMENTS OF EA_2

CONSOLIDATED STATEMENTS OF EARNINGS (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Income Statement [Abstract]
Tax benefit of discontinued operations	$ 0.4	$ 0.1

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Statement of Comprehensive Income [Abstract]
Net earnings	$ 207.2	$ 194.5
Change in fair value of derivatives and amortization of unrecognized gains and losses on derivatives, net of taxes of $0.5 and $5.4, respectively	0.2	12.6
Net unamortized gain (loss) arising during the period, including amortization of unrecognized net actuarial gain (loss), net of taxes of $0.1 and $0.0, respectively, related to pension and other post-employment benefits	0.1	0.2
Other comprehensive income	0.3	12.8
Total comprehensive income	$ 207.5	$ 207.3

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Statement of Comprehensive Income [Abstract]
Change in fair value of derivatives and amortization of unrecognized gains and losses on derivatives, tax	$ 0.5	$ 5.4
Amortization of unrecognized net actuarial gain (loss), tax	$ 0.1	$ 0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 25, 2024	May 26, 2024
Current assets:
Cash and cash equivalents	$ 192.5	$ 194.8
Receivables, net	63.8	79.1
Inventories	297.7	290.5
Prepaid income taxes	103.6	121.7
Prepaid expenses and other current assets	162	136.7
Total current assets	819.6	822.8
Land, buildings and equipment, net of accumulated depreciation and amortization of $3,844.9 and $3,759.9, respectively	4,272.8	4,184.3
Operating lease right-of-use assets	3,365.5	3,429.3
Goodwill	1,391	1,391
Trademarks	1,148	1,148
Other assets	358.6	347.6
Total assets	11,355.5	11,323
Current liabilities:
Accounts payable	401	399.5
Short-term debt	293.9	86.8
Accrued payroll	161	190.1
Accrued income taxes	1.7	6.1
Other accrued taxes	81.6	71
Unearned revenues	554.7	591.8
Other current liabilities	830.8	847.2
Total current liabilities	2,324.7	2,192.5
Long-term debt	1,385.6	1,370.4
Deferred income taxes	236.4	232
Operating lease liabilities - non-current	3,636.8	3,704.7
Other liabilities	1,628.3	1,580.9
Total liabilities	9,211.8	9,080.5
Stockholders’ equity:
Common stock and surplus	2,262.3	2,252.4
Retained earnings (deficit)	(144.5)	(35.5)
Accumulated other comprehensive income	25.9	25.6
Total stockholders’ equity	2,143.7	2,242.5
Total liabilities and stockholders’ equity	$ 11,355.5	$ 11,323

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Aug. 25, 2024	May 26, 2024
Statement of Financial Position [Abstract]
Accumulated depreciation and amortization of land, buildings and equipment	$ 3,844.9	$ 3,759.9

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Millions	Total	Common Stock And Surplus	Retained Earnings (Deficit)	Accumulated Other Comprehensive Income
Beginning balance (in shares) at May. 28, 2023		121,100
Beginning balance at May. 28, 2023	$ 2,201.5	$ 2,230.8	$ (32.5)	$ 3.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	194.5		194.5
Other comprehensive income (loss)	12.8			12.8
Dividends declared	(160.1)		(160.1)
Stock option exercises (in shares)		200
Stock option exercises	19.4	$ 19.4
Stock-based compensation	20.6	$ 20.6
Repurchases of common stock (in shares)		(900)
Repurchases of common stock	(142.9)	$ (16.2)	(126.7)
Issuance of stock under Employee Stock Purchase Plan and other plans (in shares)		300
Issuance of stock under Employee Stock Purchase Plan and other plans	2.9	$ 2.9
Other	(0.7)	$ (0.7)
Ending balance (in shares) at Aug. 27, 2023		120,700
Ending balance at Aug. 27, 2023	2,148	$ 2,256.8	(124.8)	16
Beginning balance (in shares) at May. 26, 2024		118,900
Beginning balance at May. 26, 2024	2,242.5	$ 2,252.4	(35.5)	25.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	207.2		207.2
Other comprehensive income (loss)	0.3			0.3
Dividends declared	$ (166.4)		(166.4)
Stock option exercises (in shares)	90	100
Stock option exercises	$ 6.6	$ 6.6
Stock-based compensation	24.1	$ 24.1
Repurchases of common stock (in shares)		(1,200)
Repurchases of common stock	(172.4)	$ (22.6)	(149.8)
Issuance of stock under Employee Stock Purchase Plan and other plans (in shares)		200
Issuance of stock under Employee Stock Purchase Plan and other plans	3.1	$ 3.1
Other	(1.3)	$ (1.3)
Ending balance (in shares) at Aug. 25, 2024		118,000
Ending balance at Aug. 25, 2024	$ 2,143.7	$ 2,262.3	$ (144.5)	$ 25.9

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 1.40	$ 1.31

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Cash flows—operating activities
Net earnings	$ 207.2	$ 194.5
Losses from discontinued operations, net of tax	0.4	0.3
Adjustments to reconcile net earnings from continuing operations to cash flows:
Depreciation and amortization	121.5	109.8
Impairments and disposal of assets, net	1	3.1
Stock-based compensation expense	34.7	30.3
Change in current assets and liabilities	(77.8)	(59.5)
Contributions to pension and postretirement plans	(0.4)	(0.4)
Deferred income taxes	5	4.2
Change in other assets and liabilities	(11)	(10.4)
Other, net	(7.4)	(2.8)
Net cash provided by operating activities of continuing operations	273.2	269.1
Cash flows—investing activities
Purchases of land, buildings and equipment	(145.2)	(150.9)
Proceeds from disposal of land, buildings and equipment	0	1.6
Cash used in business acquisitions, net of cash acquired	0	(699.9)
Purchases of capitalized software and other assets	(6.3)	(5.2)
Other, net	1.8	0.2
Net cash used in investing activities of continuing operations	(149.7)	(854.2)
Cash flows—financing activities
Proceeds from issuance of common stock	9.7	22.3
Dividends paid	(166)	(158.5)
Repurchases of common stock	(172.4)	(142.9)
Proceeds from the issuance of commercial paper, net	207.1	95.4
Proceeds from issuance of long-term debt	0	600
Principal payments on finance leases	(5.1)	(5.5)
Payments of debt issuance costs	0	(1.4)
Net cash (used in) provided by financing activities of continuing operations	(126.7)	409.4
Cash flows—discontinued operations
Net cash provided by operating activities of discontinued operations	0	0
Net cash provided by discontinued operations	0	0
Decrease in cash, cash equivalents, and restricted cash	(3.2)	(175.7)
Cash, cash equivalents, and restricted cash - beginning of period	220.1	416.2
Cash, cash equivalents, and restricted cash - end of period	216.9	240.5
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	192.5	192.1
Restricted cash included in prepaid expenses and other current assets	24.4	48.4
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	216.9	240.5
Cash flows from changes in current assets and liabilities
Receivables, net	15.3	29.5
Inventories	(7.7)	9.4
Prepaid expenses and other current assets	(26.2)	(40.1)
Accounts payable	8	(16)
Accrued payroll	(29.1)	(13.7)
Prepaid/accrued income taxes	13.7	20.8
Other accrued taxes	10.5	7.8
Unearned revenues	(37.1)	(32.1)
Other current liabilities	(25.2)	(25.1)
Change in current assets and liabilities	$ (77.8)	$ (59.5)

Basis of Presentation

Basis of Presentation	3 Months Ended
	Aug. 25, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Darden Restaurants, Inc. (we, our, Darden or the Company) owns and operates full-service dining restaurants in the United States and Canada under the trade names Olive Garden ® , LongHorn Steakhouse ® , Cheddar’s Scratch Kitchen ® , Yard House ® , Ruth’s Chris Steak House ® (Ruth’s Chris), The Capital Grille ® , Seasons 52 ® , Bahama Breeze ® , Eddie V’s Prime Seafood ® (Eddie V’s) and The Capital Burger ® . As of August 25, 2024, through subsidiaries, we own and operate all of our restaurants in the United States and Canada, except for 2 joint venture restaurants managed by us, 4 managed locations operating under contractual agreements and 91 franchised restaurants. We also have 58 franchised restaurants in operation located in Latin America, the Caribbean, Asia, and the Middle East. On July 17, 2024, we entered into an agreement to acquire all of the outstanding shares of Chuy’s Holdings, Inc. (Chuy’s Holdings), a Delaware corporation, for $37.50 per share in an all-cash transaction with an enterprise value of approximately $605 million. The transaction has been approved by our Board of Directors and is subject to the satisfaction of customary conditions, including, among others, the approval of Chuy’s Holdings shareholders. The acquisition is expected to be completed in the second quarter of fiscal 2025 and we expect to fund the purchase price through the issuance of debt. We have prepared these consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally presented in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature. We operate on a 52/53-week fiscal year which ends on the last Sunday in May. Our fiscal year ending May 25, 2025 will contain 52 weeks of operation. Operating results for interim periods presented are not necessarily indicative of results that may be expected for the full fiscal year. These statements should be read in conjunction with the consolidated financial statements and related notes to consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended May 26, 2024. We prepare our consolidated financial statements in conformity with GAAP. The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of sales and costs and expenses during the reporting period. Actual results could differ from those estimates. We have reclassified certain amounts in prior-period financial statements to conform to the current period’s presentation. Recently Issued Accounting Standards In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements. Management is currently evaluating this ASU to determine its impact on the Company's disclosures. We plan to adopt in the fourth quarter of fiscal 2025. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which updates income tax disclosures related to the rate reconciliation and requires disclosure of income taxes paid by jurisdiction. The amendments also provide further disclosure comparability. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied prospectively; however, retrospective application is permitted. Management is currently evaluating this ASU to determine its impact on the Company’s disclosures. We plan to adopt in fiscal 2026. In March 2024, the SEC adopted its final rules intended to enhance and standardize climate-related disclosures in registration statements and annual reports. The new rules will require disclosure of material climate-related risks, including disclosure of the Board of Directors’ oversight and risk management activities, the material impacts of these risks to the Company and the quantification of material impacts to the Company as a result of severe weather events and other natural conditions. The rules also require disclosure of material greenhouse gas emissions and any material climate-related targets and goals. The new rules will be effective for annual reporting periods beginning in fiscal year 2026, except for the greenhouse gas emissions disclosures which will be effective for annual reporting periods beginning in fiscal year 2027. On April 4, 2024, the SEC issued a voluntary stay on its final rules pending multiple legal challenges. The Company is currently evaluating the impact of these new rules.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Aug. 25, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Deferred revenue liabilities from contracts with customers included on our accompanying consolidated balance sheets was comprised of the following: (in millions) August 25, 2024 May 26, 2024 Unearned revenues Deferred gift card revenue $ 579.5 $ 620.6 Deferred gift card discounts (25.5) (29.5) Other 0.7 0.7 Total $ 554.7 $ 591.8 Other liabilities Deferred franchise fees - non-current $ 4.9 $ 4.9 The following table presents a rollforward of deferred gift card revenue. Three Months Ended (in millions) August 25, 2024 August 27, 2023 Beginning balance $ 620.6 $ 537.0 Acquired deferred gift card revenue — 61.8 Activations 122.4 130.1 Redemptions and breakage (163.5) (165.5) Ending balance $ 579.5 $ 563.4

Additional Financial Informatio

Additional Financial Information	3 Months Ended
	Aug. 25, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Financial Information	Additional Financial Information Supplemental Balance Sheet Information The components of lease assets and liabilities on the consolidated balance sheet were as follows: (in millions) Balance Sheet Classification August 25, 2024 May 26, 2024 Operating lease right-of-use assets Operating lease right-of-use assets $ 3,365.5 $ 3,429.3 Finance lease right-of-use assets Land, buildings and equipment, net 1,160.1 1,106.3 Total lease assets, net $ 4,525.6 $ 4,535.6 Operating lease liabilities - current Other current liabilities $ 200.6 $ 198.8 Finance lease liabilities - current Other current liabilities 16.2 15.3 Operating lease liabilities - non-current Operating lease liabilities - non-current 3,636.8 3,704.7 Finance lease liabilities - non-current Other liabilities 1,423.9 1,357.1 Total lease liabilities $ 5,277.5 $ 5,275.9 Supplemental Cash Flow Information Cash paid for interest and income taxes were as follows: Three Months Ended (in millions) August 25, 2024 August 27, 2023 Interest, net of amounts capitalized $ 36.3 $ 34.3 Income taxes, net of refunds 4.6 2.0 Non-cash investing and financing activities were as follows: Three Months Ended (in millions) August 25, 2024 August 27, 2023 Increase in land, buildings and equipment through accrued purchases $ 33.8 $ 64.0 Right-of-use assets obtained in exchange for new operating lease liabilities (1) 7.1 298.0 Right-of-use assets obtained in exchange for new finance lease liabilities 35.8 45.3 Net change in right-of-use assets mainly due to lease modifications resulting in reclassification of leases from operating to finance 19.9 2.1 (1) Right-of-use assets obtained in fiscal 2024 includes $291.6 million from the acquisition of Ruth’s Chris. We had restricted cash of $24.4 million as of August 25, 2024 and $25.3 million as of May 26, 2024, which represents cash held as security for a standby letter of credit. Restricted cash is included in Prepaid Expenses and Other Current Assets on our consolidated balance sheet. See Note 12, Commitments

Income Taxes

Income Taxes	3 Months Ended
	Aug. 25, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective income tax rate for continuing operations for the three months ended August 25, 2024 was 10.6 percent compared to an effective income tax rate for the three months ended August 27, 2023 of 12.7 percent. The decrease in the tax rate is primarily driven by the release of federal tax reserves and the favorable impact of mark to market hedges.

Net Earnings per Share

Net Earnings per Share	3 Months Ended
	Aug. 25, 2024
Earnings Per Share [Abstract]
Net Earnings per Share	Net Earnings per Share Outstanding stock options, restricted stock and equity-settled performance stock units granted by us represent the only dilutive effect reflected in diluted weighted average shares outstanding, none of which impact the numerator of the diluted net earnings per share computation. Stock options, restricted stock and equity-settled performance stock units excluded from the calculation of diluted net earnings per share because the effect would have been anti-dilutive, were as follows: Three Months Ended (in millions) August 25, August 27, Anti-dilutive stock-based compensation awards 0.3 —

Segment Information

Segment Information	3 Months Ended
	Aug. 25, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information We manage our restaurant brands, Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, Ruth’s Chris, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V’s, and The Capital Burger in North America as operating segments. The brands operate principally in the U.S. within full-service dining. We aggregate our operating segments into reportable segments based on a combination of the size, economic characteristics and sub-segment of full-service dining within which each brand operates. We have four reportable segments: (1) Olive Garden, (2) LongHorn Steakhouse, (3) Fine Dining and (4) Other Business. The Olive Garden segment includes the results of our company-owned Olive Garden restaurants in the U.S. and Canada. The LongHorn Steakhouse segment includes the results of our company-owned LongHorn Steakhouse restaurants in the U.S. The Fine Dining segment aggregates our premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of our company-owned Ruth’s Chris, The Capital Grille and Eddie V’s restaurants in the U.S. The Other Business segment aggregates our remaining brands and includes the results of our company-owned Cheddar’s Scratch Kitchen, Yard House, Seasons 52, Bahama Breeze and The Capital Burger restaurants in the U.S. and results from our franchise operations. External sales are derived principally from food and beverage sales. We do not rely on any major customers as a source of sales, and the customers and long-lived assets of our reportable segments are predominantly in the U.S. There were no material transactions among reportable segments. Our management uses segment profit as the measure for assessing performance of our segments. Segment profit includes revenues and expenses directly attributable to restaurant-level results of operations (sometimes referred to as restaurant-level earnings). These expenses include food and beverage costs, restaurant labor costs, restaurant expenses and marketing expenses (collectively “restaurant and marketing expenses”). Non-cash lease-related expenses included in restaurant expenses (which is a component of segment profit) and lease-related depreciation and amortization are reported at the corporate level as these are expenses for which our operating segments are not being evaluated. Additionally, our lease-related right-of-use assets are not managed or evaluated at the operating segment level, but rather at the corporate level. The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP. (in millions) Olive Garden LongHorn Steakhouse Fine Dining Other Business Corporate Consolidated For the three months ended August 25, 2024 Sales $ 1,209.1 $ 713.5 $ 278.9 $ 555.5 $ — $ 2,757.0 Restaurant and marketing expenses 960.1 585.9 241.3 471.8 (20.2) 2,238.9 Segment profit $ 249.0 $ 127.6 $ 37.6 $ 83.7 $ 20.2 $ 518.1 Depreciation and amortization $ 45.3 $ 20.3 $ 16.8 $ 25.7 $ 13.4 $ 121.5 Impairments and disposal of assets, net — — — — 1.0 1.0 Purchases of land, buildings and equipment 55.7 36.0 26.6 27.0 (0.1) 145.2 (in millions) Olive Garden LongHorn Steakhouse Fine Dining 1 Other Business Corporate Consolidated For the three months ended August 27, 2023 Sales $ 1,227.9 $ 669.8 $ 273.5 $ 559.4 $ — $ 2,730.6 Restaurant and marketing expenses 965.6 552.4 233.8 475.1 (15.4) 2,211.5 Segment profit $ 262.3 $ 117.4 $ 39.7 $ 84.3 $ 15.4 $ 519.1 Depreciation and amortization $ 39.6 $ 18.2 $ 15.6 $ 25.1 $ 11.3 $ 109.8 Impairments and disposal of assets, net 0.2 — — — 2.9 3.1 Purchases of land, buildings and equipment 65.8 34.5 23.5 26.6 0.5 150.9 1 Includes Ruth’s Chris results from the date of acquisition (June 14, 2023) forward. A reconciliation of segment profit to earnings from continuing operations before income taxes is below. Three Months Ended (in millions) August 25, 2024 August 27, 2023 Segment profit $ 518.1 $ 519.1 Less general and administrative expenses (126.4) (153.3) Less depreciation and amortization (121.5) (109.8) Less impairments and disposal of assets, net (1.0) (3.1) Less interest, net (37.1) (29.7) Earnings before income taxes $ 232.1 $ 223.2

Impairments and Disposal of Ass

Impairments and Disposal of Assets, Net	3 Months Ended
	Aug. 25, 2024
Asset Impairment Charges [Abstract]
Impairments and Disposal of Assets, Net	Impairments and Disposal of Assets, Net Impairments and disposal of assets, net, in our accompanying consolidated statements of earnings were comprised of the following: Three Months Ended (in millions) August 25, 2024 August 27, 2023 Restaurant impairments $ — $ 0.3 Disposal (gains) losses 0.1 4.9 Other 0.9 (2.1) Impairments and disposal of assets, net $ 1.0 $ 3.1 Disposal (gains) losses for the quarter ended August 25, 2024 were related to previously impaired locations. Restaurant impairments and disposal (gains) losses for the quarter ended August 27, 2023 were related to the decision to close four locations. Other impacts for the quarter ended August 25, 2024 were related to right-of-use asset adjustments on early lease terminations and product loss from a facility fire in our distribution network. Other impacts for the quarter ended August 27, 2023 were related to right-of-use asset adjustments on early lease terminations.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Aug. 25, 2024
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Accumulated Other Comprehensive Income (AOCI) The components of AOCI, net of tax, for the quarter ended August 25, 2024 were as follows: (in millions) Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Derivatives Benefit Plan Funding Position Accumulated Other Comprehensive Income Balance at May 26, 2024 $ 4.6 $ 24.5 $ (3.5) $ 25.6 Gain (loss) — 0.4 — 0.4 Reclassification realized in net earnings — (0.2) 0.1 (0.1) Balance at August 25, 2024 $ 4.6 $ 24.7 $ (3.4) $ 25.9 The components of AOCI, net of tax, for the quarter ended August 27, 2023 were as follows: (in millions) Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Derivatives Benefit Plan Funding Position Accumulated Other Comprehensive Income Balances at May 28, 2023 $ 4.5 $ 3.9 $ (5.2) $ 3.2 Gain (loss) — 12.5 — 12.5 Reclassification realized in net earnings — 0.1 0.2 0.3 Balance at August 27 2023 $ 4.5 $ 16.5 $ (5.0) $ 16.0 The following table presents the amounts and line items in our consolidated statements of earnings where adjustments reclassified from AOCI into net earnings were recorded. Amount Reclassified from AOCI into Net Earnings Three Months Ended (in millions) AOCI Components Location of Gain (Loss) Recognized in Earnings August 25, August 27, Derivatives Commodity contracts (1) $ (0.4) $ (1.9) Equity contracts (2) (0.1) 1.3 Interest rate contracts (3) 0.9 — Total before tax $ 0.4 $ (0.6) Tax (expense) benefit (0.2) 0.5 Net of tax $ 0.2 $ (0.1) Benefit plan funding position Recognized net actuarial gain (loss) - other plans (4) (0.2) (0.2) Total before tax $ (0.2) $ (0.2) Tax (expense) benefit 0.1 — Net of tax $ (0.1) $ (0.2) (1) Primarily included in food and beverage costs and restaurant expenses. See Note 10 for additional details. (2) Included in general and administrative expenses. See Note 10 for additional details. (3) Included in interest, net on our consolidated statement of earnings. (4) Included in the computation of net periodic benefit costs, which is a component of general and administrative expenses.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Aug. 25, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation We grant stock options for a fixed number of shares to certain employees with an exercise price equal to the fair value of the shares at the date of grant. We also grant restricted stock, restricted stock units and performance stock units with a fair value generally determined based on our closing stock price on the date of grant. In addition, we grant cash-settled stock units (Darden stock units) which are classified as liabilities and are marked to market as of the end of each period. The weighted-average fair value of non-qualified stock options and the related assumptions used in the Black-Scholes option pricing model for options granted during the periods presented, were as follows: Three Months Ended August 25, 2024 August 27, 2023 Weighted-average fair value $ 44.79 $ 55.56 Dividend yield 3.6 % 3.4 % Expected volatility of stock 40.8 % 42.2 % Risk-free interest rate 4.1 % 4.0 % Expected option life (in years) 6.3 5.9 Weighted-average exercise price per share $ 139.43 $ 169.02 The weighted-average grant date fair value of market-based performance stock units and the related assumptions used in the Monte Carlo simulation to record stock-based compensation for units granted during the periods presented, were as follows: Three Months Ended August 25, 2024 August 27, 2023 Dividend yield (1) 0.0 % 0.0 % Expected volatility of stock 26.5 % 32.3 % Risk-free interest rate 4.2 % 4.5 % Expected life (in years) 2.9 2.9 Weighted-average grant date fair value per unit $ 181.65 $ 217.11 (1) Assumes a reinvestment of dividends. The following table presents a summary of our stock-based compensation activity for the three months ended August 25, 2024. (in millions) Stock Restricted Equity-Settled Cash-Settled Darden Outstanding beginning of period 1.34 0.26 0.35 0.76 Awards granted 0.17 0.05 0.11 0.17 Awards granted performance impact — — 0.02 — Awards exercised/vested (0.09) (0.04) (0.15) (0.25) Awards forfeited — — — (0.01) Outstanding end of period 1.42 0.27 0.33 0.67 We recognized expense from stock-based compensation as follows: Three Months Ended (in millions) August 25, August 27, Stock options $ 4.8 $ 4.2 Restricted stock/restricted stock units 5.5 4.6 Equity-settled performance stock units 12.5 10.5 Cash-settled Darden stock units 10.6 9.7 Employee stock purchase plan 0.8 0.7 Director compensation program/other 0.5 0.6 Total stock-based compensation expense $ 34.7 $ 30.3

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Aug. 25, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities We enter into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments as provided by FASB ASC Topic 815, Derivatives and Hedging, and those utilized as economic hedges. We use financial derivatives to manage interest rate, commodity and compensation risks inherent in our business operations. Cash flows related to derivatives are included in operating activities. By using these instruments, we expose ourselves, from time to time, to credit risk and market risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is positive, the counterparty owes us, which creates credit risk for us. We minimize this credit risk by entering into transactions with high quality counterparties. Market risk is the adverse effect on the value of a financial instrument that results from a change in interest rates, commodity prices, or the market price of our common stock. We minimize this market risk by establishing and monitoring parameters that limit the types and degree of market risk that may be undertaken. We designate commodity contracts and equity forward contracts as cash flow hedging instruments. We have two interest rate swap agreements. One is designated as a fair value hedge of the related debt and the other is designated as a cash flow hedge of the benchmark interest rate on debt expected to be issued in fiscal 2025. Further, we entered into equity forward contracts to hedge the risk of changes in future cash flows associated with recognized, employee-directed investments in our common stock within the non-qualified deferred compensation plan. We did not elect hedge accounting with the expectation that changes in the fair value of the equity forward contracts would offset changes in the fair value of our common stock investments in the non-qualified deferred compensation plan. The notional and fair values of our derivative contracts were as follows: Fair Values (in millions, except Number of Shares Outstanding Weighted-Average Notional Values Derivative Assets (1) Derivative Liabilities (1) August 25, 2024 August 25, May 26, August 25, May 26, Equity forwards: Designated 0.3 $143.26 $ 37.7 $ 2.6 $ — $ — $ 0.8 Not designated 0.4 135.31 47.7 3.5 — — 2.4 Total equity forwards (2) $ 6.1 $ — $ — $ 3.2 Commodity contracts: Designated N/A N/A $ 15.8 $ — $ 0.1 $ 1.6 $ 0.7 Not designated N/A N/A — — — — — Total commodity contracts (3) $ — $ 0.1 $ 1.6 $ 0.7 Interest rate related Designated - Fair Value Hedge N/A N/A $ 300.0 $ — $ — $ 37.2 51.8 Designated - Cash Flow Hedge N/A N/A 600.0 — — 0.3 — Not designated N/A N/A — — — — Total interest rate related $ — $ — $ 37.5 $ 51.8 Total derivative contracts $ 6.1 $ 0.1 $ 39.1 $ 55.7 (1) Derivative assets and liabilities are included in receivables, net and other current liabilities, as applicable, on our consolidated balance sheets. (2) Designated and undesignated equity forwards extend through July 2028. (3) Commodity contracts extend through June 2025. The effects of derivative instruments accounted for as cash flow hedging instruments in the consolidated statements of earnings were as follows: Amount of Gain (Loss) Recognized in AOCI Amount of Gain (Loss) Reclassified from AOCI to Earnings Three Months Ended Three Months Ended (in millions) August 25, August 27, August 25, August 27, Equity (1) $ 1.7 $ (2.2) $ (0.1) $ 1.3 Commodity (2) (1.4) 1.7 (0.4) (1.9) Interest rate (3) (0.3) 17.9 0.9 — Total $ — $ 17.4 $ 0.4 $ (0.6) (1) Location of the gain (loss) reclassified from AOCI to earnings is general and administrative expenses. (2) Location of the gain (loss) reclassified from AOCI to earnings is food and beverage costs and restaurant expenses. (3) Location of the gain (loss) reclassified from AOCI to earnings is interest, net. The effects of derivative instruments in fair value hedging relationships in the consolidated statement of earnings were as follows: Amount of Gain (Loss) Recognized in Earnings on Derivatives Amount of Gain (Loss) Recognized in Earnings on Related Hedged Item Three Months Ended Three Months Ended (in millions) August 25, August 27, August 25, August 27, Interest rate (1)(2) $ 14.6 $ (6.9) $ (14.6) $ 6.9 (1) Location of the gain (loss) recognized in earnings on derivatives and related hedged item is interest, net. (2) Hedged item in fair value hedge relationship is debt. The effects of derivatives not designated as hedging instruments in the consolidated statements of earnings were as follows: Amount of Gain (Loss) Recognized in Earnings (in millions) Three Months Ended Location of Gain (Loss) Recognized in Earnings on Derivatives August 25, 2024 August 27, 2023 General and administrative expenses 2.5 (0.1)

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Aug. 25, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair values of cash equivalents, receivables, net, accounts payable and short-term debt approximate their carrying amounts due to their short duration or market based interest rates. The following tables summarize the fair values of financial instruments measured at fair value on a recurring basis as of August 25, 2024 and May 26, 2024 . Items Measured at Fair Value at August 25, 2024 (in millions) Fair value Quoted prices Significant Significant Derivatives: Commodities futures, swaps & options (1) $ (1.6) $ — $ (1.6) $ — Equity forwards (2) 6.1 — 6.1 $ — Interest rate swaps - fair value hedge (3) (37.2) — (37.2) — Interest rate swaps - cash flow hedge (3) (0.3) — (0.3) — Total $ (33.0) $ — $ (33.0) $ — Items Measured at Fair Value at May 26, 2024 (in millions) Fair value Quoted prices Significant Significant Derivatives: Commodities futures, swaps & options (1) $ (0.6) $ — $ (0.6) $ — Equity forwards (2) (3.2) — (3.2) — Interest rate swaps - fair value hedge (3) (51.8) — (51.8) — Total $ (55.6) $ — $ (55.6) $ — (1) The fair value of our commodities futures, swaps and options is based on closing market prices of the contracts, inclusive of the risk of nonperformance. (2) The fair value of equity forwards is based on the closing market value of Darden stock, inclusive of the risk of nonperformance. (3) The fair value of our interest rate swap agreements is based on current and expected market interest rates, inclusive of the risk of nonperformance. The carrying value and fair value of long-term debt as of August 25, 2024, was $1.39 billion and $1.43 billion, respectively. The carrying value and fair value of long-term debt as of May 26, 2024, was $1.37 billion. The fair value of long-term debt, classified as Level 2 in the fair value hierarchy, is determined based on market prices or, if market prices are not available, the present value of the underlying cash flows discounted at our incremental borrowing rates. The fair value of non-financial assets measured at fair value on a non-recurring basis, classified as Level 2 in the fair value hierarchy, is determined based on third-party market appraisals. As of August 25, 2024 and May 26, 2024, adjustments to the fair values of non-financial assets measured at fair value on a non-recurring basis, classified as Level 2, were not material.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Aug. 25, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies As collateral for performance on contracts and as credit guarantees to banks and insurers, we are contingently liable for guarantees of subsidiary obligations under standby letters of credit. As of August 25, 2024 and May 26, 2024, we had $94.5 million and $79.5 million, respectively, of standby letters of credit related to workers’ compensation and general liabilities accrued in our consolidated financial statements. As of August 25, 2024 and May 26, 2024, we had $16.1 million and $16.8 million, respectively, of surety bonds related to other payments. Most surety bonds are renewable annually. As of August 25, 2024 and May 26, 2024, we had $69.8 million and $71.0 million, respectively, of guarantees associated with leased properties that have been assigned to third parties, primarily related to the disposition of Red Lobster in fiscal 2015. These amounts represent the maximum potential amount of future payments under the guarantees. The fair value of the maximum potential future payments discounted at our weighted-average cost of capital as of August 25, 2024 and May 26, 2024, amounted to $55.6 million and $57.7 million, respectively. In the event of default by a third party, the indemnity and default clauses in our assignment agreements govern our ability to recover from and pursue the third party for damages incurred as a result of its default. We do not hold any third-party assets as collateral related to these assignment agreements, except to the extent that the assignment allows us to repossess the building and personal property. The liability recorded for our expected credit losses under these leases as of May 26, 2024 was $10.6 million. These guarantees expire over their respective lease terms, which range from fiscal 2025 through fiscal 2034. We are subject to private lawsuits, administrative proceedings and claims that arise in the ordinary course of our business. A number of these lawsuits, proceedings and claims may exist at any given time. These matters typically involve claims from guests, employees and others related to operational issues common to the restaurant industry, and can also involve infringement of, or challenges to, our trademarks. While the resolution of a lawsuit, proceeding or claim may have an impact on our financial results for the period in which it is resolved, we believe that the final disposition of the lawsuits, proceedings and claims in which we are currently involved, either individually or in the aggregate, will not have a material adverse effect on our financial position, results of operations or liquidity.

Subsequent Events

Subsequent Events	3 Months Ended
	Aug. 25, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On September 18, 2024, the Board of Directors declared a cash dividend of $1.40 per share payable on November 1, 2024 to all shareholders of record as of the close of business on October 10, 2024. On September 16, 2024, the Company entered into Amendment No. 1 (the Amendment) to the Company’s existing $1,250,000,000 Revolving Credit Agreement, dated as of October 23, 2023 (as amended, the Revolving Credit Agreement), with Bank of America, N.A., as administrative agent, the lenders and other agents party thereto. The Amendment replaces the prior financial covenant (which provided for a maximum consolidated total debt to total capitalization ratio) with a new financial covenant requiring the Company to maintain, measured as of the end of each fiscal quarter, a maximum consolidated leverage ratio of 3.50 to 1.00 (which may be temporarily increased to 4.00 to 1.00 upon the election of the Company as a result of a covered acquisition, subject to customary limitations set forth in the Revolving Credit Agreement). All other material terms and conditions of the Revolving Credit Agreement were unchanged. On September 16, 2024, the Company entered into a senior unsecured $600 million 2-year Term Loan Credit Agreement (the Term Loan Agreement) with Bank of America, N.A., as administrative agent, the lenders and other agents party thereto, the material terms of which are consistent with the Revolving Credit Agreement, as amended by the Amendment. The Term Loan Agreement provides for a single borrowing on any business day until February 17, 2025 (the Funding Date) and matures on the second anniversary of the Funding Date. The Company has not drawn on the Term Loan as of the date of this filing. The proceeds may be used to finance the Company’s anticipated acquisition of Chuy’s Holdings.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Pay vs Performance Disclosure
Net earnings	$ 207.2	$ 194.5

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Aug. 25, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Aug. 25, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	We have prepared these consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally presented in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature. We operate on a 52/53-week fiscal year which ends on the last Sunday in May. Our fiscal year ending May 25, 2025 will contain 52 weeks of operation. Operating results for interim periods presented are not necessarily indicative of results that may be expected for the full fiscal year.
Reclassification	We have reclassified certain amounts in prior-period financial statements to conform to the current period’s presentation.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements. Management is currently evaluating this ASU to determine its impact on the Company's disclosures. We plan to adopt in the fourth quarter of fiscal 2025. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which updates income tax disclosures related to the rate reconciliation and requires disclosure of income taxes paid by jurisdiction. The amendments also provide further disclosure comparability. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied prospectively; however, retrospective application is permitted. Management is currently evaluating this ASU to determine its impact on the Company’s disclosures. We plan to adopt in fiscal 2026. In March 2024, the SEC adopted its final rules intended to enhance and standardize climate-related disclosures in registration statements and annual reports. The new rules will require disclosure of material climate-related risks, including disclosure of the Board of Directors’ oversight and risk management activities, the material impacts of these risks to the Company and the quantification of material impacts to the Company as a result of severe weather events and other natural conditions. The rules also require disclosure of material greenhouse gas emissions and any material climate-related targets and goals. The new rules will be effective for annual reporting periods beginning in fiscal year 2026, except for the greenhouse gas emissions disclosures which will be effective for annual reporting periods beginning in fiscal year 2027. On April 4, 2024, the SEC issued a voluntary stay on its final rules pending multiple legal challenges. The Company is currently evaluating the impact of these new rules.
Derivative Instruments and Hedging Activities	We enter into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments as provided by FASB ASC Topic 815, Derivatives and Hedging, and those utilized as economic hedges. We use financial derivatives to manage interest rate, commodity and compensation risks inherent in our business operations. Cash flows related to derivatives are included in operating activities. By using these instruments, we expose ourselves, from time to time, to credit risk and market risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is positive, the counterparty owes us, which creates credit risk for us. We minimize this credit risk by entering into transactions with high quality counterparties. Market risk is the adverse effect on the value of a financial instrument that results from a change in interest rates, commodity prices, or the market price of our common stock. We minimize this market risk by establishing and monitoring parameters that limit the types and degree of market risk that may be undertaken. We designate commodity contracts and equity forward contracts as cash flow hedging instruments. We have two interest rate swap agreements. One is designated as a fair value hedge of the related debt and the other is designated as a cash flow hedge of the benchmark interest rate on debt expected to be issued in fiscal 2025. Further, we entered into equity forward contracts to hedge the risk of changes in future cash flows associated with recognized, employee-directed investments in our common stock within the non-qualified deferred compensation plan. We did not elect hedge accounting with the expectation that changes in the fair value of the equity forward contracts would offset changes in the fair value of our common stock investments in the non-qualified deferred compensation plan.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Aug. 25, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Contract with Customer	Deferred revenue liabilities from contracts with customers included on our accompanying consolidated balance sheets was comprised of the following: (in millions) August 25, 2024 May 26, 2024 Unearned revenues Deferred gift card revenue $ 579.5 $ 620.6 Deferred gift card discounts (25.5) (29.5) Other 0.7 0.7 Total $ 554.7 $ 591.8 Other liabilities Deferred franchise fees - non-current $ 4.9 $ 4.9 The following table presents a rollforward of deferred gift card revenue. Three Months Ended (in millions) August 25, 2024 August 27, 2023 Beginning balance $ 620.6 $ 537.0 Acquired deferred gift card revenue — 61.8 Activations 122.4 130.1 Redemptions and breakage (163.5) (165.5) Ending balance $ 579.5 $ 563.4

Additional Financial Informat_2

Additional Financial Information (Tables)	3 Months Ended
	Aug. 25, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Supplemental Balance Sheet Information	The components of lease assets and liabilities on the consolidated balance sheet were as follows: (in millions) Balance Sheet Classification August 25, 2024 May 26, 2024 Operating lease right-of-use assets Operating lease right-of-use assets $ 3,365.5 $ 3,429.3 Finance lease right-of-use assets Land, buildings and equipment, net 1,160.1 1,106.3 Total lease assets, net $ 4,525.6 $ 4,535.6 Operating lease liabilities - current Other current liabilities $ 200.6 $ 198.8 Finance lease liabilities - current Other current liabilities 16.2 15.3 Operating lease liabilities - non-current Operating lease liabilities - non-current 3,636.8 3,704.7 Finance lease liabilities - non-current Other liabilities 1,423.9 1,357.1 Total lease liabilities $ 5,277.5 $ 5,275.9
Schedule of Supplemental Cash Flow Information	Cash paid for interest and income taxes were as follows: Three Months Ended (in millions) August 25, 2024 August 27, 2023 Interest, net of amounts capitalized $ 36.3 $ 34.3 Income taxes, net of refunds 4.6 2.0 Non-cash investing and financing activities were as follows: Three Months Ended (in millions) August 25, 2024 August 27, 2023 Increase in land, buildings and equipment through accrued purchases $ 33.8 $ 64.0 Right-of-use assets obtained in exchange for new operating lease liabilities (1) 7.1 298.0 Right-of-use assets obtained in exchange for new finance lease liabilities 35.8 45.3 Net change in right-of-use assets mainly due to lease modifications resulting in reclassification of leases from operating to finance 19.9 2.1 (1) Right-of-use assets obtained in fiscal 2024 includes $291.6 million from the acquisition of Ruth’s Chris.

Net Earnings per Share (Tables)

Net Earnings per Share (Tables)	3 Months Ended
	Aug. 25, 2024
Earnings Per Share [Abstract]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	Stock options, restricted stock and equity-settled performance stock units excluded from the calculation of diluted net earnings per share because the effect would have been anti-dilutive, were as follows: Three Months Ended (in millions) August 25, August 27, Anti-dilutive stock-based compensation awards 0.3 —

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Aug. 25, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP. (in millions) Olive Garden LongHorn Steakhouse Fine Dining Other Business Corporate Consolidated For the three months ended August 25, 2024 Sales $ 1,209.1 $ 713.5 $ 278.9 $ 555.5 $ — $ 2,757.0 Restaurant and marketing expenses 960.1 585.9 241.3 471.8 (20.2) 2,238.9 Segment profit $ 249.0 $ 127.6 $ 37.6 $ 83.7 $ 20.2 $ 518.1 Depreciation and amortization $ 45.3 $ 20.3 $ 16.8 $ 25.7 $ 13.4 $ 121.5 Impairments and disposal of assets, net — — — — 1.0 1.0 Purchases of land, buildings and equipment 55.7 36.0 26.6 27.0 (0.1) 145.2 (in millions) Olive Garden LongHorn Steakhouse Fine Dining 1 Other Business Corporate Consolidated For the three months ended August 27, 2023 Sales $ 1,227.9 $ 669.8 $ 273.5 $ 559.4 $ — $ 2,730.6 Restaurant and marketing expenses 965.6 552.4 233.8 475.1 (15.4) 2,211.5 Segment profit $ 262.3 $ 117.4 $ 39.7 $ 84.3 $ 15.4 $ 519.1 Depreciation and amortization $ 39.6 $ 18.2 $ 15.6 $ 25.1 $ 11.3 $ 109.8 Impairments and disposal of assets, net 0.2 — — — 2.9 3.1 Purchases of land, buildings and equipment 65.8 34.5 23.5 26.6 0.5 150.9 1 Includes Ruth’s Chris results from the date of acquisition (June 14, 2023) forward.
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated	A reconciliation of segment profit to earnings from continuing operations before income taxes is below. Three Months Ended (in millions) August 25, 2024 August 27, 2023 Segment profit $ 518.1 $ 519.1 Less general and administrative expenses (126.4) (153.3) Less depreciation and amortization (121.5) (109.8) Less impairments and disposal of assets, net (1.0) (3.1) Less interest, net (37.1) (29.7) Earnings before income taxes $ 232.1 $ 223.2

Impairments and Disposal of A_2

Impairments and Disposal of Assets, Net (Tables)	3 Months Ended
	Aug. 25, 2024
Asset Impairment Charges [Abstract]
Schedule of Impairments and Disposal of Assets	Impairments and disposal of assets, net, in our accompanying consolidated statements of earnings were comprised of the following: Three Months Ended (in millions) August 25, 2024 August 27, 2023 Restaurant impairments $ — $ 0.3 Disposal (gains) losses 0.1 4.9 Other 0.9 (2.1) Impairments and disposal of assets, net $ 1.0 $ 3.1

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Aug. 25, 2024
Stockholders' Equity Note [Abstract]
Schedule of AOCI	The components of AOCI, net of tax, for the quarter ended August 25, 2024 were as follows: (in millions) Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Derivatives Benefit Plan Funding Position Accumulated Other Comprehensive Income Balance at May 26, 2024 $ 4.6 $ 24.5 $ (3.5) $ 25.6 Gain (loss) — 0.4 — 0.4 Reclassification realized in net earnings — (0.2) 0.1 (0.1) Balance at August 25, 2024 $ 4.6 $ 24.7 $ (3.4) $ 25.9 The components of AOCI, net of tax, for the quarter ended August 27, 2023 were as follows: (in millions) Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Derivatives Benefit Plan Funding Position Accumulated Other Comprehensive Income Balances at May 28, 2023 $ 4.5 $ 3.9 $ (5.2) $ 3.2 Gain (loss) — 12.5 — 12.5 Reclassification realized in net earnings — 0.1 0.2 0.3 Balance at August 27 2023 $ 4.5 $ 16.5 $ (5.0) $ 16.0
Schedule of Reclassification out of AOCI	The following table presents the amounts and line items in our consolidated statements of earnings where adjustments reclassified from AOCI into net earnings were recorded. Amount Reclassified from AOCI into Net Earnings Three Months Ended (in millions) AOCI Components Location of Gain (Loss) Recognized in Earnings August 25, August 27, Derivatives Commodity contracts (1) $ (0.4) $ (1.9) Equity contracts (2) (0.1) 1.3 Interest rate contracts (3) 0.9 — Total before tax $ 0.4 $ (0.6) Tax (expense) benefit (0.2) 0.5 Net of tax $ 0.2 $ (0.1) Benefit plan funding position Recognized net actuarial gain (loss) - other plans (4) (0.2) (0.2) Total before tax $ (0.2) $ (0.2) Tax (expense) benefit 0.1 — Net of tax $ (0.1) $ (0.2) (1) Primarily included in food and beverage costs and restaurant expenses. See Note 10 for additional details. (2) Included in general and administrative expenses. See Note 10 for additional details. (3) Included in interest, net on our consolidated statement of earnings. (4) Included in the computation of net periodic benefit costs, which is a component of general and administrative expenses.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Aug. 25, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The weighted-average fair value of non-qualified stock options and the related assumptions used in the Black-Scholes option pricing model for options granted during the periods presented, were as follows: Three Months Ended August 25, 2024 August 27, 2023 Weighted-average fair value $ 44.79 $ 55.56 Dividend yield 3.6 % 3.4 % Expected volatility of stock 40.8 % 42.2 % Risk-free interest rate 4.1 % 4.0 % Expected option life (in years) 6.3 5.9 Weighted-average exercise price per share $ 139.43 $ 169.02 The weighted-average grant date fair value of market-based performance stock units and the related assumptions used in the Monte Carlo simulation to record stock-based compensation for units granted during the periods presented, were as follows: Three Months Ended August 25, 2024 August 27, 2023 Dividend yield (1) 0.0 % 0.0 % Expected volatility of stock 26.5 % 32.3 % Risk-free interest rate 4.2 % 4.5 % Expected life (in years) 2.9 2.9 Weighted-average grant date fair value per unit $ 181.65 $ 217.11 (1) Assumes a reinvestment of dividends.
Schedule of Stock-Based Compensation Activity	The following table presents a summary of our stock-based compensation activity for the three months ended August 25, 2024. (in millions) Stock Restricted Equity-Settled Cash-Settled Darden Outstanding beginning of period 1.34 0.26 0.35 0.76 Awards granted 0.17 0.05 0.11 0.17 Awards granted performance impact — — 0.02 — Awards exercised/vested (0.09) (0.04) (0.15) (0.25) Awards forfeited — — — (0.01) Outstanding end of period 1.42 0.27 0.33 0.67
Schedule of Recognized Expense From Stock-Based Compensation	We recognized expense from stock-based compensation as follows: Three Months Ended (in millions) August 25, August 27, Stock options $ 4.8 $ 4.2 Restricted stock/restricted stock units 5.5 4.6 Equity-settled performance stock units 12.5 10.5 Cash-settled Darden stock units 10.6 9.7 Employee stock purchase plan 0.8 0.7 Director compensation program/other 0.5 0.6 Total stock-based compensation expense $ 34.7 $ 30.3

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Aug. 25, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional and Fair Values of Derivative Contracts	The notional and fair values of our derivative contracts were as follows: Fair Values (in millions, except Number of Shares Outstanding Weighted-Average Notional Values Derivative Assets (1) Derivative Liabilities (1) August 25, 2024 August 25, May 26, August 25, May 26, Equity forwards: Designated 0.3 $143.26 $ 37.7 $ 2.6 $ — $ — $ 0.8 Not designated 0.4 135.31 47.7 3.5 — — 2.4 Total equity forwards (2) $ 6.1 $ — $ — $ 3.2 Commodity contracts: Designated N/A N/A $ 15.8 $ — $ 0.1 $ 1.6 $ 0.7 Not designated N/A N/A — — — — — Total commodity contracts (3) $ — $ 0.1 $ 1.6 $ 0.7 Interest rate related Designated - Fair Value Hedge N/A N/A $ 300.0 $ — $ — $ 37.2 51.8 Designated - Cash Flow Hedge N/A N/A 600.0 — — 0.3 — Not designated N/A N/A — — — — Total interest rate related $ — $ — $ 37.5 $ 51.8 Total derivative contracts $ 6.1 $ 0.1 $ 39.1 $ 55.7 (1) Derivative assets and liabilities are included in receivables, net and other current liabilities, as applicable, on our consolidated balance sheets. (2) Designated and undesignated equity forwards extend through July 2028. (3) Commodity contracts extend through June 2025.
Schedule of Effects of Derivative Instruments in Hedging Relationships	The effects of derivative instruments accounted for as cash flow hedging instruments in the consolidated statements of earnings were as follows: Amount of Gain (Loss) Recognized in AOCI Amount of Gain (Loss) Reclassified from AOCI to Earnings Three Months Ended Three Months Ended (in millions) August 25, August 27, August 25, August 27, Equity (1) $ 1.7 $ (2.2) $ (0.1) $ 1.3 Commodity (2) (1.4) 1.7 (0.4) (1.9) Interest rate (3) (0.3) 17.9 0.9 — Total $ — $ 17.4 $ 0.4 $ (0.6) (1) Location of the gain (loss) reclassified from AOCI to earnings is general and administrative expenses. (2) Location of the gain (loss) reclassified from AOCI to earnings is food and beverage costs and restaurant expenses. (3) The effects of derivative instruments in fair value hedging relationships in the consolidated statement of earnings were as follows: Amount of Gain (Loss) Recognized in Earnings on Derivatives Amount of Gain (Loss) Recognized in Earnings on Related Hedged Item Three Months Ended Three Months Ended (in millions) August 25, August 27, August 25, August 27, Interest rate (1)(2) $ 14.6 $ (6.9) $ (14.6) $ 6.9 (1) Location of the gain (loss) recognized in earnings on derivatives and related hedged item is interest, net. (2) Hedged item in fair value hedge relationship is debt. The effects of derivatives not designated as hedging instruments in the consolidated statements of earnings were as follows: Amount of Gain (Loss) Recognized in Earnings (in millions) Three Months Ended Location of Gain (Loss) Recognized in Earnings on Derivatives August 25, 2024 August 27, 2023 General and administrative expenses 2.5 (0.1)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Aug. 25, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Values of Financial Instruments Measured at Fair Value on Recurring Basis	The following tables summarize the fair values of financial instruments measured at fair value on a recurring basis as of August 25, 2024 and May 26, 2024 . Items Measured at Fair Value at August 25, 2024 (in millions) Fair value Quoted prices Significant Significant Derivatives: Commodities futures, swaps & options (1) $ (1.6) $ — $ (1.6) $ — Equity forwards (2) 6.1 — 6.1 $ — Interest rate swaps - fair value hedge (3) (37.2) — (37.2) — Interest rate swaps - cash flow hedge (3) (0.3) — (0.3) — Total $ (33.0) $ — $ (33.0) $ — Items Measured at Fair Value at May 26, 2024 (in millions) Fair value Quoted prices Significant Significant Derivatives: Commodities futures, swaps & options (1) $ (0.6) $ — $ (0.6) $ — Equity forwards (2) (3.2) — (3.2) — Interest rate swaps - fair value hedge (3) (51.8) — (51.8) — Total $ (55.6) $ — $ (55.6) $ — (1) The fair value of our commodities futures, swaps and options is based on closing market prices of the contracts, inclusive of the risk of nonperformance. (2) The fair value of equity forwards is based on the closing market value of Darden stock, inclusive of the risk of nonperformance. (3) The fair value of our interest rate swap agreements is based on current and expected market interest rates, inclusive of the risk of nonperformance.

Basis of Presentation (Details)

Basis of Presentation (Details) $ / shares in Units, $ in Millions	Aug. 25, 2024 restaurant location	Jul. 17, 2024 USD ($) $ / shares
Chuy’s Holdings
Summary Of Significant Accounting Policies [Line Items]
Acquisition price per share (in dollars per share) | $ / shares		$ 37.50
Enterprise value of acquisition | $		$ 605
Entity Operated Units, Joint Venture | North America
Summary Of Significant Accounting Policies [Line Items]
Number of restaurants	2
Entity Operated Units, Contractual Agreements | North America
Summary Of Significant Accounting Policies [Line Items]
Number of restaurants | location	4
Franchised Units | North America
Summary Of Significant Accounting Policies [Line Items]
Number of restaurants	91
Franchised Units | Latin America, the Caribbean, Asia and the Middle East
Summary Of Significant Accounting Policies [Line Items]
Number of restaurants	58

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Deferred Revenue from Contract with Customer (Details) - USD ($) $ in Millions	Aug. 25, 2024	May 26, 2024	Aug. 27, 2023	May 28, 2023
Unearned revenues
Total	$ 554.7	$ 591.8
Other liabilities
Deferred franchise fees - non-current	4.9	4.9
Gift Card
Unearned revenues
Deferred revenues	579.5	620.6	$ 563.4	$ 537
Deferred gift card discounts	(25.5)	(29.5)
Other
Unearned revenues
Deferred revenues	$ 0.7	$ 0.7

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Deferred Gift Card Revenue (Details) - Gift Card - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Change in Contract with Customer, Liability [Roll Forward]
Beginning balance	$ 620.6	$ 537
Acquired deferred gift card revenue	0	61.8
Activations	122.4	130.1
Redemptions and breakage	(163.5)	(165.5)
Ending balance	$ 579.5	$ 563.4

Additional Financial Informat_3

Additional Financial Information - Schedule of Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Aug. 25, 2024	May 26, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operating lease right-of-use assets	$ 3,365.5	$ 3,429.3
Finance lease right-of-use assets	$ 1,160.1	$ 1,106.3
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Carrying amount of long-lived assets held and used	Carrying amount of long-lived assets held and used
Total lease assets, net	$ 4,525.6	$ 4,535.6
Operating lease liabilities - current	$ 200.6	$ 198.8
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current	Other Liabilities, Current
Finance lease liabilities - current	$ 16.2	$ 15.3
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current	Other Liabilities, Current
Operating lease liabilities - non-current	$ 3,636.8	$ 3,704.7
Finance lease liabilities - non-current	$ 1,423.9	$ 1,357.1
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Total lease liabilities	$ 5,277.5	$ 5,275.9

Additional Financial Informat_4

Additional Financial Information - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023	May 26, 2024
Cash Paid for Interest and Income Taxes [Abstract]
Interest, net of amounts capitalized	$ 36.3	$ 34.3
Income taxes, net of refunds	4.6	2
Noncash Investing and Financing Items [Abstract]
Increase in land, buildings and equipment through accrued purchases	33.8	64
Right-of-use assets obtained in exchange for new operating lease liabilities	7.1	298
Right-of-use assets obtained in exchange for new finance lease liabilities	35.8	45.3
Net change in right-of-use assets mainly due to lease modifications resulting in reclassification of leases from operating to finance	19.9	2.1
Restricted cash	$ 24.4	$ 48.4	$ 25.3
Ruth’s Chris
Noncash Investing and Financing Items [Abstract]
Right-of-use asset obtained from the acquisition			$ 291.6

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	10.60%	12.70%
Tax position, change is reasonably possible in the next twelve months	$ 1.7

Net Earnings per Share (Details

Net Earnings per Share (Details) - shares shares in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Earnings Per Share [Abstract]
Anti-dilutive stock-based compensation awards (in shares)	0.3	0

Segment Information - Narrative

Segment Information - Narrative (Details)	3 Months Ended
	Aug. 25, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	4

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Segment Reporting Information [Line Items]
Sales	$ 2,757	$ 2,730.6
Restaurant and marketing expenses	2,238.9	2,211.5
Segment profit	518.1	519.1
Depreciation and amortization	121.5	109.8
Impairments and disposal of assets, net	1	3.1
Purchases of land, buildings and equipment	145.2	150.9
Operating Segments | Olive Garden
Segment Reporting Information [Line Items]
Sales	1,209.1	1,227.9
Restaurant and marketing expenses	960.1	965.6
Segment profit	249	262.3
Depreciation and amortization	45.3	39.6
Impairments and disposal of assets, net	0	0.2
Purchases of land, buildings and equipment	55.7	65.8
Operating Segments | LongHorn Steakhouse
Segment Reporting Information [Line Items]
Sales	713.5	669.8
Restaurant and marketing expenses	585.9	552.4
Segment profit	127.6	117.4
Depreciation and amortization	20.3	18.2
Impairments and disposal of assets, net	0	0
Purchases of land, buildings and equipment	36	34.5
Operating Segments | Fine Dining
Segment Reporting Information [Line Items]
Sales	278.9	273.5
Restaurant and marketing expenses	241.3	233.8
Segment profit	37.6	39.7
Depreciation and amortization	16.8	15.6
Impairments and disposal of assets, net	0	0
Purchases of land, buildings and equipment	26.6	23.5
Operating Segments | Other Business
Segment Reporting Information [Line Items]
Sales	555.5	559.4
Restaurant and marketing expenses	471.8	475.1
Segment profit	83.7	84.3
Depreciation and amortization	25.7	25.1
Impairments and disposal of assets, net	0	0
Purchases of land, buildings and equipment	27	26.6
Corporate
Segment Reporting Information [Line Items]
Sales	0	0
Restaurant and marketing expenses	(20.2)	(15.4)
Segment profit	20.2	15.4
Depreciation and amortization	13.4	11.3
Impairments and disposal of assets, net	1	2.9
Purchases of land, buildings and equipment	$ (0.1)	$ 0.5

Segment Information - Schedul_2

Segment Information - Schedule of Reconciliation of Segment Profit to Earnings (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Segment Reporting [Abstract]
Segment profit	$ 518.1	$ 519.1
Less general and administrative expenses	(126.4)	(153.3)
Less depreciation and amortization	(121.5)	(109.8)
Less impairments and disposal of assets, net	(1)	(3.1)
Less interest, net	(37.1)	(29.7)
Earnings before income taxes	$ 232.1	$ 223.2

Impairments and Disposal of A_3

Impairments and Disposal of Assets, Net - Schedule of Impairments and Disposal of Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Asset Impairment Charges [Abstract]
Restaurant impairments	$ 0	$ 0.3
Disposal (gains) losses	0.1	4.9
Other	0.9	(2.1)
Impairments and disposal of assets, net	$ 1	$ 3.1

Impairments and Disposal of A_4

Impairments and Disposal of Assets, Net - Narrative (Details)	3 Months Ended
	Aug. 27, 2023 location
Asset Impairment Charges [Abstract]
Number of locations closed	4

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Components of AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 2,242.5	$ 2,201.5
Gain (loss)	0.4	12.5
Reclassification realized in net earnings	(0.1)	0.3
Ending balance	2,143.7	2,148
Accumulated Other Comprehensive Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	25.6	3.2
Ending balance	25.9	16
Foreign Currency Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	4.6	4.5
Gain (loss)	0	0
Reclassification realized in net earnings	0	0
Ending balance	4.6	4.5
Unrealized Gains (Losses) on Derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	24.5	3.9
Gain (loss)	0.4	12.5
Reclassification realized in net earnings	(0.2)	0.1
Ending balance	24.7	16.5
Benefit Plan Funding Position
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(3.5)	(5.2)
Gain (loss)	0	0
Reclassification realized in net earnings	0.1	0.2
Ending balance	$ (3.4)	$ (5)

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Reclassification Adjustments out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Less general and administrative expenses	$ (126.4)	$ (153.3)
Total before tax	232.1	223.2
Tax (expense) benefit	(24.5)	(28.4)
Net earnings	207.2	194.5
Amount Reclassified from AOCI into Net Earnings | Derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	0.4	(0.6)
Tax (expense) benefit	(0.2)	0.5
Net earnings	0.2	(0.1)
Amount Reclassified from AOCI into Net Earnings | Derivatives | Commodity contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Food and beverage costs and restaurant expenses	(0.4)	(1.9)
Amount Reclassified from AOCI into Net Earnings | Derivatives | Equity contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Restaurant labor costs and general and administrative expenses	(0.1)	1.3
Amount Reclassified from AOCI into Net Earnings | Derivatives | Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Restaurant labor costs and general and administrative expenses	0.9	0
Amount Reclassified from AOCI into Net Earnings | Benefit plan funding position
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(0.2)	(0.2)
Tax (expense) benefit	0.1	0
Net earnings	(0.1)	(0.2)
Amount Reclassified from AOCI into Net Earnings | Benefit plan funding position | Recognized net actuarial gain (loss) - other plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Less general and administrative expenses	$ (0.2)	$ (0.2)

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) - $ / shares	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value (in dollars per share)	$ 44.79	$ 55.56
Dividend yield	3.60%	3.40%
Expected volatility of stock	40.80%	42.20%
Risk-free interest rate	4.10%	4%
Expected option life (in years)	6 years 3 months 18 days	5 years 10 months 24 days
Weighted-average exercise price per share (in dollars per share)	$ 139.43	$ 169.02
Equity-Settled Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0%	0%
Expected volatility of stock	26.50%	32.30%
Risk-free interest rate	4.20%	4.50%
Expected option life (in years)	2 years 10 months 24 days	2 years 10 months 24 days
Weighted-average exercise price per share (in dollars per share)	$ 181.65	$ 217.11

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Stock-Based Compensation Activity (Details) shares in Thousands	3 Months Ended
	Aug. 25, 2024 shares
Stock Options
Outstanding shares beginning of period (in shares)	1,340
Awards granted (in shares)	170
Awards granted performance impact (in shares)	0
Awards exercised/vested (in shares)	(90)
Awards forfeited (in shares)	0
Outstanding shares end of period (in shares)	1,420
Restricted Stock/ Restricted Stock Units
Non-Option Awards
Outstanding shares beginning of period (in shares)	260
Awards granted (in shares)	50
Awards granted performance impact (in shares)	0
Awards exercised/vested (in shares)	(40)
Awards forfeited (in shares)	0
Outstanding shares end of period (in shares)	270
Equity-Settled Performance Stock Units
Non-Option Awards
Outstanding shares beginning of period (in shares)	350
Awards granted (in shares)	110
Awards granted performance impact (in shares)	20
Awards exercised/vested (in shares)	(150)
Awards forfeited (in shares)	0
Outstanding shares end of period (in shares)	330
Cash-Settled Darden Stock Units
Non-Option Awards
Outstanding shares beginning of period (in shares)	760
Awards granted (in shares)	170
Awards granted performance impact (in shares)	0
Awards exercised/vested (in shares)	(250)
Awards forfeited (in shares)	(10)
Outstanding shares end of period (in shares)	670

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Recognized Expense From Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 34.7	$ 30.3
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	4.8	4.2
Restricted stock/restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	5.5	4.6
Equity-settled performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	12.5	10.5
Cash-settled Darden stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	10.6	9.7
Employee stock purchase plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	0.8	0.7
Director compensation program/other
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 0.5	$ 0.6

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Narrative (Details) $ in Millions	3 Months Ended
	Aug. 25, 2024 USD ($) derivative_instrument
Derivative [Line Items]
Cash flow hedge gains to be reclassified within twelve months | $	$ 3.1
Interest rate contracts
Derivative [Line Items]
Number of interest rate swap agreements	2
Interest rate contracts | Designated as Hedging Instruments | Fair Value Hedging
Derivative [Line Items]
Number of interest rate swap agreements	1

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Notional and Fair Values of Derivative Contracts Designated and Not Designated as Hedging Instruments (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Aug. 25, 2024	May 26, 2024
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 6.1	$ 0.1
Derivative Liabilities	39.1	55.7
Equity forwards:
Derivatives, Fair Value [Line Items]
Derivative Assets	6.1	0
Derivative Liabilities	$ 0	3.2
Equity forwards: | Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Number of shares outstanding (in shares)	0.3
Weighted-Average Per Share Forward Rates (in dollars per share)	$ 143.26
Notional Values	$ 37.7
Derivative Assets	2.6	0
Derivative Liabilities	$ 0	0.8
Equity forwards: | Not Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Number of shares outstanding (in shares)	0.4
Weighted-Average Per Share Forward Rates (in dollars per share)	$ 135.31
Notional Values	$ 47.7
Derivative Assets	3.5	0
Derivative Liabilities	0	2.4
Commodity contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	0	0.1
Derivative Liabilities	1.6	0.7
Commodity contracts | Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Notional Values	15.8
Derivative Assets	0	0.1
Derivative Liabilities	1.6	0.7
Commodity contracts | Not Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Notional Values	0
Derivative Assets	0	0
Derivative Liabilities	0	0
Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	0	0
Derivative Liabilities	37.5	51.8
Interest rate contracts | Designated as Hedging Instruments | Fair Value Hedging
Derivatives, Fair Value [Line Items]
Notional Values	300
Derivative Assets	0	0
Derivative Liabilities	37.2	51.8
Interest rate contracts | Designated as Hedging Instruments | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Notional Values	600
Derivative Assets	0	0
Derivative Liabilities	0.3	0
Interest rate contracts | Not Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Derivative Assets	0	0
Derivative Liabilities	$ 0	$ 0

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Schedule of Effects of Derivative Instruments in Cash Flow Hedging Relationships (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI	$ 0	$ 17.4
Amount of Gain (Loss) Reclassified from AOCI to Earnings	0.4	(0.6)
Equity forwards:
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI	1.7	(2.2)
Amount of Gain (Loss) Reclassified from AOCI to Earnings	(0.1)	1.3
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI	(1.4)	1.7
Amount of Gain (Loss) Reclassified from AOCI to Earnings	(0.4)	(1.9)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI	(0.3)	17.9
Amount of Gain (Loss) Reclassified from AOCI to Earnings	$ 0.9	$ 0

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Schedule of Effects of Derivative Instruments in Fair Value Hedging Relationships (Details) - Interest rate contracts - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ 14.6	$ (6.9)
Amount of Gain (Loss) Recognized in Earnings on Related Hedged Item	$ (14.6)	$ 6.9

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Schedule of Effects of Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount of Gain (Loss) Recognized in Earnings	$ 2.5	$ (0.1)

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Instruments Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Aug. 25, 2024	May 26, 2024
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Total	$ (33)	$ (55.6)
Commodities futures, swaps & options
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	(1.6)	(0.6)
Equity forwards
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	6.1	(3.2)
Interest rate contracts | Designated as Hedging Instruments | Fair Value Hedging
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	(37.2)	(51.8)
Interest rate contracts | Designated as Hedging Instruments | Cash Flow Hedging
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	(0.3)
Quoted prices in active market for identical assets (liabilities) (Level 1)
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Total	0	0
Quoted prices in active market for identical assets (liabilities) (Level 1) | Commodities futures, swaps & options
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	0	0
Quoted prices in active market for identical assets (liabilities) (Level 1) | Equity forwards
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	0	0
Quoted prices in active market for identical assets (liabilities) (Level 1) | Interest rate contracts | Designated as Hedging Instruments | Fair Value Hedging
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	0	0
Quoted prices in active market for identical assets (liabilities) (Level 1) | Interest rate contracts | Designated as Hedging Instruments | Cash Flow Hedging
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	0
Significant other observable inputs (Level 2)
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Total	(33)	(55.6)
Significant other observable inputs (Level 2) | Commodities futures, swaps & options
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	(1.6)	(0.6)
Significant other observable inputs (Level 2) | Equity forwards
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	6.1	(3.2)
Significant other observable inputs (Level 2) | Interest rate contracts | Designated as Hedging Instruments | Fair Value Hedging
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	(37.2)	(51.8)
Significant other observable inputs (Level 2) | Interest rate contracts | Designated as Hedging Instruments | Cash Flow Hedging
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	(0.3)
Significant unobservable inputs (Level 3)
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Total	0	0
Significant unobservable inputs (Level 3) | Commodities futures, swaps & options
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	0	0
Significant unobservable inputs (Level 3) | Equity forwards
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	0	0
Significant unobservable inputs (Level 3) | Interest rate contracts | Designated as Hedging Instruments | Fair Value Hedging
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	0	$ 0
Significant unobservable inputs (Level 3) | Interest rate contracts | Designated as Hedging Instruments | Cash Flow Hedging
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Derivatives	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) $ in Millions	12 Months Ended
	May 26, 2024 USD ($) restaurant	Aug. 25, 2024 USD ($)
Impaired Long-Lived Assets Held and Used [Line Items]
Carrying amount of long-lived assets held and used	$ 4,184.3	$ 4,272.8
Significant unobservable inputs (Level 3) | Underperforming Restaurants
Impaired Long-Lived Assets Held and Used [Line Items]
Carrying amount of long-lived assets held and used	$ 4.8
Number of underperforming restaurants | restaurant	3
Fair value of long-lived assets held-for-sale	$ 1.5
Asset impairment charge	3.3
Carrying Value
Impaired Long-Lived Assets Held and Used [Line Items]
Long-term debt	1,370	1,390
Fair Value
Impaired Long-Lived Assets Held and Used [Line Items]
Long-term debt	$ 1,370	$ 1,430

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Aug. 25, 2024	May 26, 2024
Workers Compensation and General Liabilities Accrued
Loss Contingencies [Line Items]
Standby letters of credit	$ 94.5	$ 79.5
Surety Bonds and Other Payments
Loss Contingencies [Line Items]
Standby letters of credit	16.1	16.8
Property Lease Guarantee
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	69.8	71
Fair value of potential payments discounted at pre-tax cost of capital related to guarantee obligations	$ 55.6	57.7
Loss contingency accrual		$ 10.6

Subsequent Events (Details)

Subsequent Events (Details)			3 Months Ended
	Sep. 18, 2024 $ / shares	Sep. 16, 2024 USD ($)	Aug. 25, 2024 $ / shares	Aug. 27, 2023 $ / shares	Oct. 23, 2023 USD ($)
Subsequent Event [Line Items]
Dividends declared (in dollars per share) | $ / shares			$ 1.40	$ 1.31
Line of Credit | Revolving Credit Facility
Subsequent Event [Line Items]
Credit agreement borrowing capacity | $					$ 1,250,000,000
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (in dollars per share) | $ / shares	$ 1.40
Subsequent Event | Line of Credit | Revolving Credit Facility
Subsequent Event [Line Items]
Maximum consolidated leverage ratio		3.50
Temporarily increased maximum consolidated leverage ratio		4
Subsequent Event | Line of Credit | Unsecured Debt
Subsequent Event [Line Items]
Credit agreement borrowing capacity | $		$ 600,000,000
Term of credit agreement		2 years