Net sales rose 41.3% to $2.45 billion, falling short of expectations of $2.51 billion. Across all of Darden's restaurant chains, same-store sales climbed 38.1%. Wall Street was expecting total same-store sales growth of 43.5%, according to StreetAccount estimates. A year ago, Darden's same-store sales shrank by 26.7%.
Olive Garden, which accounts for roughly half of Darden's revenue, reported same-store sales growth of 29.9%, missing StreetAccount estimates of 36.7%. LongHorn SteakHouse saw its same-store sales rise 31.6% in the quarter. The chain's sales bounced back faster than Olive Garden after building a strong takeout business earlier in the pandemic, but it only accounts for about a quarter of Darden's revenue.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »