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Sales at Darden Restaurants grow by 13.8%

Por: Orlando Sentinel Business March 23, 2023

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Orlando-based Darden Restaurants saw sales increase 13.8% to $2.8 billion in the quarter ending Feb. 26, but the owner of Olive Garden and other chains kept price increases below inflation, executives said Thursday. Prices went up in the quarter about 6.3%, compared with inflation of 7%, said CFO Raj Vennam. Same-restaurant sales grew 11.7%. Darden can find “cost savings so that we can price below inflation, in the long run, to drive a better... + full article



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