Darden Restaurants
26 named things its latest annual report says its results depend on, each in the company's own words. 13 of them are also named by other companies we've read.
Suppliers
Darden Direct Distribution third-party national distributors
depends onnamed as a riskWe enter into long-term agreements with multiple third-party national distribution companies to deliver food and supplies to our restaurants.Business (Item 1)
Limited number of suppliers and distributors
depends onnamed as a riskWe have a limited number of suppliers and distributors for certain of our products and services.Risk factors (Item 1A)
Partners and platforms
Recipe Unlimited Corporation
earns from · eight Olive Garden restaurants in CanadaOn July 14, 2025, we closed on the sale of eight Olive Garden restaurants in Canada (the “Olive Garden Canada Restaurants”) to Recipe Unlimited Corporation (“Recipe”).Business (Item 1)
Delivery aggregators
competes withnamed as a riskFurthermore, delivery aggregators and food delivery services provide consumers with convenient access to a broad range of competing restaurant chains and food retailers, particularly in urbanized areas, and may form a closer relationship with our customers and increase costs to us.Risk factors (Item 1A)
Other companies
Leased restaurant properties
depends on · 2,104 of our 2,202 restaurantsnamed as a riskAs of May 31, 2026, 2,104 of our 2,202 restaurants operating in the United States operate in leased locations, and the leases are generally non-cancellable for some period of time.Risk factors (Item 1A)
Long-term fixed-rate debt
$2.18 billionnamed as a riskThe fair value of our long-term fixed-rate debt outstanding as of May 31, 2026, averaged $2.18 billion, with a high of $2.20 billion and a low of $2.14 billion during fiscal 2026.Market risk (Item 7A)
Olive Garden
earns from · 949Olive Garden is an internally-developed brand and is the largest full-service dining Italian restaurant operator in the United States.Business (Item 1)
Bahama Breeze closures
approximately half of the Bahama Breeze restaurantsOn February 3, 2026, we announced our decision to permanently close approximately half of our Bahama Breeze restaurants, which we completed on or about April 5, 2026, and our expectation to convert the remaining restaurants to other Darden brands over the next 12–18 months.Business (Item 1)
Places
Orlando, Florida (Restaurant Support Center)
concentrated innamed as a riskMany of our corporate systems and processes and corporate support for our restaurant operations are centralized at one Florida location.Risk factors (Item 1A)
Hazards
Hurricanes
named as a riskOur inability or failure to execute on a comprehensive business continuity plan following a major natural disaster, such as a hurricane or manmade disaster, at our corporate facility could have a materially adverse impact on our business.Risk factors (Item 1A)
Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more
Animal disease outbreaks (livestock and poultry)
named as a riskShortages, delays, or interruptions in the supply of food items and other supplies to our restaurants may be caused by animal disease outbreaks affecting livestock and/or poultry; severe weather; natural disasters such as hurricanes, tornadoes, floods, droughts, wildfires, and earthquakes; macroeconomic conditions, such as tariffs and trade disputes, resulting in disruptions to the shipping and transportation industries; labor issues, such as increased costs or worker shortages or other operational disruptions at our suppliers, vendors, or other service providers; the inability of our vendors or service providers to manage adverse business conditions, obtain credit, or remain solvent; or other conditions beyond our control.Risk factors (Item 1A)
Commodities and inputs
Natural gas
exposed to its pricenamed as a riskOur restaurants’ operating margins are also affected by fluctuations in the price of utilities such as electricity and natural gas, whether as a result of inflation or otherwise, on which the restaurants depend for their energy supply.Risk factors (Item 1A)
Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more
Beef
exposed to its pricenamed as a riskOperating margins for our restaurants are subject to changes in the price and availability of food commodities, including beef, pork, chicken, seafood, cheese, butter, and produce.Risk factors (Item 1A)
Commodity derivatives (coffee, butter, wheat, soybean oil, pork, beef, diesel fuel, gasoline, natural gas)
exposed to its pricenamed as a riskWe use or may use derivatives to hedge price risk for some of our principal ingredient, labor, and energy costs, including, but not limited to coffee, butter, wheat, soybean oil, pork, beef, diesel fuel, gasoline, and natural gas.Risk factors (Item 1A)
Seafood
exposed to its pricenamed as a riskThe introduction of, or changes to, tariffs or adverse impacts resulting from restrictive trade policies or trade disputes on imported food products, such as produce and seafood, could increase our costs and possibly impact the supply of those products.Risk factors (Item 1A)
Regulators
U.S. Food and Drug Administration
subject toWe require our suppliers to maintain sound manufacturing practices and operate with comprehensive Hazard Analysis and Critical Control Point food safety programs and risk-based preventative controls adopted by the U.S. Food and Drug Administration.Business (Item 1)
Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more
Laws and programs
Alcoholic beverage licensing regulations
subject to · 10.0 percent of our salesnamed as a riskDuring fiscal 2026, 10.0 percent of our sales were attributable to the sale of alcoholic beverages.Business (Item 1)
Foreign Corrupt Practices Act
subject tonamed as a riskThese include antitrust and tax requirements, anti-boycott regulations, import/export/customs regulations and other international trade regulations, the USA Patriot Act, the Foreign Corrupt Practices Act, and applicable local law.Risk factors (Item 1A)
Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more
Americans with Disabilities Act (ADA)
subject tonamed as a riskOur facilities must comply with the applicable requirements of the Americans with Disabilities Act of 1990 (“ADA”) and related state accessibility statutes.Business (Item 1)
Also named by AMT, CMG, ELS, HHH, HLT, LLYVA, LYV, PLD and 3 more
Dram shop statutes
subject tonamed as a riskWe also are subject in certain states to “dram shop” statutes, which generally provide an injured party with recourse against an establishment that serves alcoholic beverages to an intoxicated person who then causes injury to himself or a third party.Business (Item 1)
Immigration laws
subject tonamed as a riskChanges and further anticipated changes in immigration laws, regulations, and enforcement could decrease the pool of candidates with legal work authorizations, cause disruption in the workforce for all companies that rely on hourly workers, and increase the costs, time, and requirements to hire new employees.Risk factors (Item 1A)
Minimum wage laws
subject tonamed as a riskWe operate in many states and localities where the minimum wage is significantly higher than the federal minimum wage.Risk factors (Item 1A)
Also named by DG
Tariffs on imported food products
exposed to its pricenamed as a riskThe introduction of, or changes to, tariffs or adverse impacts resulting from restrictive trade policies or trade disputes on imported food products, such as produce and seafood, could increase our costs and possibly impact the supply of those products.Risk factors (Item 1A)
PCI Data Security Standard
subject toAs we accept credit card payments, we are subject to the Payment Card Industry (“PCI”) Data Security Standard and engage a third-party auditor to conduct annual compliance assessments.Business (Item 1)
Internal Revenue Service (IRS) Tip Rate Alternative Commitment (TRAC)
subject toSince 1995, Darden has had a Tip Rate Alternative Commitment (“TRAC”) agreement with the Internal Revenue Service (“IRS”).Business (Item 1)