Weak traffic trends persist at Darden Restaurants

|About: Darden Restaurants, Inc. (DRI)|By:, SA News Editor

Darden Restaurants (DRI) falls short of analysts estimates with its FQ4 report as weak traffic trends persists.

Same-restaurant growth: Longhorn Steakhouse +2.4%, Specialty Restaurant Group +2.0%, Olive Garden -3.5%, Red Lobster -5.6%.

All three restaurant concepts showed higher pricing during the quarter.

Total restaurant labor costs +2.6% to $525.6M.

DRI -3.1% premarket