Heard on the Call: Company to maintain promotion strategy while taking some price increases
With consumers still cautious about spending, Darden Restaurants Inc. said it would continue to offer value in its menu promotions while taking selective price increases. Executives at the company told analysts Friday that the effectiveness of its third-quarter promotions played a major role in the 0.9-percent increase in blended same-store sales across its big three brands, with successful offers at LongHorn Steakhouse and Red Lobster offsetting a weak ravioli-focused promotion at Olive ...
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