Darden's LongHorn Steakhouse Drives 1Q Growth

Dow Jones
Sep 24

Darden Restaurants' fiscal first-quarter results show a clear gap between its two largest brands. LongHorn Steakhouse posted same-restaurant sales growth of 6.2% on a fiscal calendar basis, while Olive Garden's comparable figure came in at 1.1%. The steakhouse chain's segment profit rose to $154.6 million from $134.9 million a year earlier, reflecting its stronger traffic and pricing power. Olive Garden's segment profit edged up to $270.8 million from $267.6 million. LongHorn now operates 624 company-owned locations compared to Olive Garden's 953

 

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