Darden 1Q profit up 15%, comps fall

ORLANDO Fla. Even though same-store sales fell for each brand under Darden Restaurants Inc., the parent to Red Lobster, Olive Garden and other casual-dining chains, the company credited lower food and energy costs for helping it log a 15-percent increase in first-quarter profit.

Darden said net income for the quarter ended Aug. 30 totaled $94.3 million, or 67 cents a share, compared with $82.1 million, or 58 cents a share, in the same quarter a year earlier.

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