ORLANDO The era of discounting in casual dining showed more signs of ending as executives at Darden Restaurants Inc. said this week they would be using price-driven promotions even more judiciously. Darden reported this week that profit in the third quarter ended Feb. 28 rose 25 percent as sales improved at each of its restaurant chains, including Olive Garden, Red Lobster and Longhorn Steakhouse. Profit rose to $134.3 million, or 94 cents per share, from $107.5 million, or 78 cents per ...
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Contact: Desiree Torres Desiree.Torres@penton.com