Darden Restaurants (DRI) reports a blended same-restaurant sales slip of 1.0% in FQ2 for its Olive Garden, Red Lobster, and Longhorn Steakhouse chains.
The company says a shift in the timing of Thanksgiving impacted same-restaurant sales favorably by 90 bps during the period.
Olive Garden was the best-performing brand as lower expenses helped it see profit increase compared to a year ago, while the other two chains saw profits worsen. (PR)
DRI -5.5% premarket