Darden Earnings: Compelling Value Proposition Remains Intact Despite Industry Promotion; Shares Rich
Darden's fiscal 2027 first quarter featured a 3.1% rise in comparable sales, with positive results across all segments, including 6.2% and 1.1% lifts at LongHorn and Olive Garden, respectively. Firmwide store-level margins fell 10 basis points to 18.8% due to higher food costs and promotions.