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Darden Restaurants Dishes Up a Win to End 2018 [The Motley Fool]

Darden Restaurants, Inc (DRI)  More Company Research Source: The Motley Fool
Last darden restaurants, inc earnings: 3/21 07:00 am Check Earnings Report
PDF The Olive Garden chain is doing well, but all’s not perfect. Darden Restaurants ( NYSE:DRI ) -- owner of casual restaurant chains including Olive Garden, LongHorn Steakhouse, and Cheddar's Scratch Kitchen -- turned in better-than-expected results for its final earnings report of the calendar year. The multi-chain operator has been benefiting from a rebound in the restaurant industry this year, slowly scaling back discounts to boost profitability. Though it's been a winning strategy recently, Darden is hardly firing on all cylinders. Casual-dining value on the upswing Through the first two quarters of Darden's 2019 fiscal year (the six-month period ending Nov. 25, 2018), total sales are up 5.7% year over year. This sales growth was driven primarily by 4.4% and 3% same-store sales gains at Olive Garden and LongHorn Steakhouse, respectively. Metric Six Months Ended Nov. 25, 2018 Six Months Ended Nov. 26, 2017 YOY % Increase Revenue [Read more]

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