Darden Restaurant Sales Grow Despite Fine Dining Pullback
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Darden Restaurants reported a 6% increase in total sales to $2.9 billion this quarter, despite a decline in fine-dining patronage. The company owns popular chains like Olive Garden and LongHorn Steakhouse.
December 19, 2024 | 8:30 pm
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Darden Restaurants reported a 6% increase in total sales to $2.9 billion, driven by its popular chains like Olive Garden and LongHorn Steakhouse, despite a decline in fine-dining patronage.
The 6% increase in sales indicates strong performance in Darden's casual dining segment, which offsets the decline in fine-dining. This positive earnings report is likely to boost investor confidence and positively impact DRI's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100