Darden posts 2nd-Q profit jump, but lowers full-year outlook

ORLANDO Fla. Darden Restaurants Inc., parent to the Red Lobster, Olive Garden and LongHorn Steakhouse chains, said Thursday that second-quarter net earnings rose 37.2 percent from a year earlier, but that the expectation of a more challenging second half of the year led to lowered annual outlook.

For the quarter ended Nov. 23, earnings rose to $59.7 million, or 43 cents per share, from year-ago earnings of $43.5 million, or 30 cents per share.

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