Darden Restaurants CFO Says Overall Labor Inflation Ticked Down About 100 Basis Points From Q3 To Q4
Portfolio Pulse from Happy Mohamed
Darden Restaurants' CFO reported that overall labor inflation decreased by approximately 100 basis points from Q3 to Q4 during a conference call.
June 22, 2023 | 1:56 pm
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Darden Restaurants' labor inflation has decreased by 100 basis points from Q3 to Q4, potentially improving the company's financial performance.
A decrease in labor inflation indicates that the company's labor costs have reduced, which could lead to improved financial performance and potentially higher stock prices.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100