Darden Restaurants Inc

DRI: XNYS (USA)
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Darden Restaurants Earnings: Menu Innovation Drives Demand, but Shares Still Rich

Darden Restaurants' second-quarter same-restaurant sales rose 4.3%, backed by Olive Garden at 4.7% and LongHorn Steakhouse at 5.9%. Restaurant-level EBITDA margin fell by 100 basis points to 18.7%, primarily affected by higher food costs, and adjusted EPS increased by 2.5% to $2.08.

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