Darden Restaurants' Visitation Growth Outpaces Broader Industry
Dow Jones
Sep 24
1219 ET - Darden Restaurants' overall visits climbed 3.4% year-over-year during the latest quarter, Placer.ai data shows. The gain comes in contrast to the broader full-service dining industry, where visits fell 0.8% over the same period, the location-analytics company says in a recent report. Each of Darden's restaurant brands compete on value through different means, Placer.ai says, with Olive Garden offering abundance, LongHorn Steakhouse offering pricing against groceries and Cheddar's Scratch Kitchen offering everyday affordability. Each brand's value proposition is paying off, as all three posted overall visit gains in every month from April to August, according to the report. Darden is expected to report quarterly earnings ahead of Thursday's opening bell.
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