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Longhorn Steakhouse

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business2 years ago•1 min saved

Darden's Strong Earnings and Sales Surge Propel Growth

Darden Restaurants, the owner of Olive Garden and LongHorn Steakhouse, reported better-than-expected earnings for the fiscal second quarter, with adjusted earnings per share of $1.84 and revenue of $2.73 billion. Sales rose 9.7% compared to the previous year, driven by the inclusion of Ruth's Chris Steak House locations and a same-restaurant sales increase of 2.8%. Olive Garden and LongHorn Steakhouse both saw positive same-restaurant sales growth, while fine dining sales declined. Darden also raised its annual guidance and updated its fiscal year 2024 outlook, projecting adjusted earnings per share of $8.75 to $8.90 and $11.5 billion in sales.

via CNBC|

#business #darden-restaurants #earnings

crime2 years ago•0 min saved

Gunfire Erupts on N. Green River Rd.

Shots were fired on North Green River Road in Evansville, Indiana. Two victims were found at Longhorn Steakhouse, with one person being transported to the hospital and another treated at the scene. The investigation is ongoing.

via 14 News WFIE Evansville|

#crime #evansville #longhorn-steakhouse

business2 years ago•1 min saved

Darden Restaurants Reports Strong Sales and Stock Performance.

Darden Restaurants has raised its revenue outlook for fiscal 2023 for the second consecutive quarter after reporting quarterly results that showed growth across the board. The restaurant company reported fiscal third-quarter net income of $286.6 million, or $2.34 per share, up from $247 million, or $1.93 cents per share, a year earlier. Net sales rose 13.8% to $2.79 billion, fueled by same-store sales growth of 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille.

via CNBC|

#business #darden-restaurants #longhorn-steakhouse