Darden Restaurants

Balance sheet quality is solid for the sector. As of FY2025, operating cash flow was 1.71 billion dollars with capex of 645 million dollars. As of November 23, 2025 the company reported 2.14 billion dollars of long‑term debt, 438 million dollars of commercial paper outstanding, and 224 million dollars of cash.

Investment‑grade ratings (Baa2/BBB/BBB) and an undrawn revolver capacity support resilience. Lease obligations are significant but typical for restaurants. The cash generation and staggered maturities (including 2027 and 2029 notes) provide ample liquidity and flexibility in a downturn.