Darden raises sales outlook for 2016

Darden raises sales outlook for 2016

Company expects higher labor costs from minimum wage, competition

Darden Restaurants Inc. increased its sales outlook for the 2016 fiscal year as combined same-store sales for its seven brands rose 1.6 percent during the second quarter ended Nov. 23, the company said Friday.

Same-store sales at Darden’s flagship Olive Garden brand increased 1 percent, and LongHorn Steakhouse same-store sales rose 2.6 percent during the quarter.

The performance was strong enough for Darden to increase its same-store sales guidance for the full year to

Register to view the full article

Register to view this article

Already a member? .

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.