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Stock impact report

Darden Restaurants' sales continue to grow [Yahoo! Finance]

Darden Restaurants, Inc. (DRI) 
Last darden restaurants, inc. earnings: 3/19 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Darden Restaurants Inc. continued to outperform the industry in its third fiscal quarter, which ended Feb. 22 as sales grew by 5.9% to $3.3 billion and consolidated same-store sales growth of 4.2% for all 11 of its brands. By contrast, the company cited Black Box Intelligence data that showed industry-wide same-store sales, excluding Darden restaurants, down by 1.2% and guest count down 3% during the quarter. “We've been consistently outperforming industry same-restaurant sales, and this quarter our gap widened as each of our four largest brands (Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, and Chuy's) exceeded the industry by more than 400 basis points,” president and chief executive officer Rick Cardenas said during a conference call on Thursday before market. “All of our segments delivered positive same-restaurant sales as our restaurant teams continued to be brilliant with the basics, once again leading to impressive guest satisfaction scores.  “Our restaur Show less Read more
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