Darden Restaurants Inc.’s same-store sales in the current quarter, through Sunday, were down 44.7% as the industry continued in the coronavirus pandemic, the company said Monday.
"Our brand teams continue to work extremely hard to deliver exceptional to-go experiences to our guests," said Gene Lee, Darden CEO, in a statement. "We are proud of our team's ability to adapt and their dedication to producing results that consistently outperform our expectations and are building momentum."
In a business update in the first week of April, Darden reported a 39.1% drop in same-store sales for the partial six-week quarter.
Based on the past two weeks' performance, Darden said its ongoing weekly cash burn rate improved to about $20 million, including capital expenditures.
The Orlando, Fla.-based casual-dining company said same-store sales for the fourth quarter, which began Feb. 24, through Sunday, April 19, by brand were:
- Olive Garden, down 38%
- LongHorn Steakhouse, down 42.6%
- Fine Dining division, down 55.9%
- Other concepts, down 59.2%
To-go sales for Olive Garden and LongHorn have both grown measurably since the week ended March 1 amid the city and state restrictions on dining rooms to stem the spread of the coronavirus.
For Olive Garden, to-go sales per restaurant grew from $16,191 in the week ended March 1 to $52,936 per restaurant in the week ended April 19.
For LongHorn, to-go sales per restaurant rose from $6,517 in the week ended March 1 to $28,653 per restaurant in the week ended April 19.
Darden has more than 1,800 casual-dining restaurants, including such other brands as Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's.
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