Darden says no to discounting

ORLANDO The era of discounting in casual dining showed more signs of ending as executives at Darden Restaurants Inc. said this week they would be using price-driven promotions even more judiciously.

Darden reported this week that profit in the third quarter ended Feb. 28 rose 25 percent as sales improved at each of its restaurant chains, including Olive Garden, Red Lobster and Longhorn Steakhouse. Profit rose to $134.3 million, or 94 cents per share, from $107.5

Register to view the full article

Register to view this article

TAGS: Finance News
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.