Holiday season looking bright for Darden despite higher costs

Darden CEO Rick Cardenas

Darden is retaining a positive financial outlook for the upcoming holiday season, despite high inflation taking a bite out of its net earnings.

The Orlando, Florida, U.S.A.-based operator of Capital Grille, LongHorn Steakhouse, Olive Garden, and several other restaurant chains said in an earnings report issued on 16 December its sales increased 9.4 percent in its fiscal Q2 2023 to USD 2.5 billion (EUR 2.4 billion).

The company achieved 7.3 percent same-restaurant sales growth and opened 35 net new restaurants, Darden Chief Financial Officer Rajesh Vennam said ... 

Photo courtesy of Darden

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