At its Olive Garden division, the locally based, 1,170-store chain is reporting a 4% to 5% sales increase in locations open at least a year; a 3% to 4% rise in guests counts; a 1% to 2% rise in pricing; and a marginal increase in check average due to menu-mix changes.
The numbers are for the firm's five-week June month. In last year's comparable period, Darden had a 9% to 10% same-restaurant sales driven by a 6% rise in guest counts, a 2% to 3% increase in pricing and a 1% to 2% increase in check average from menu-mix changes.
At Red Lobster, its flagship division, same-store sales were up 4% to 5%; pricing, up 2% to 3%; check average up 3%; but a 1% decline in guest counts.
In fiscal June 2000, the division had a 4% to 5% same-restaurant sales increase; a 2% increase in pricing; a 3% increase in check average; and unchanged guests counts.
June sales for the company's Bahama Breeze and Smokey Bones BBQ Sports Bar restaurants weren't disclosed.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.