Darden Restaurants Still Sees Slower Growth Ahead
Investors were cautious heading into Darden Restaurants' (NYSE: DRI) third-quarter report last week after the restaurant chain gave them reasons for concern in its prior earnings announcement. The Olive Garden and Longhorn Steakhouse brands had both reported sluggish sales growth at the start of fiscal 2020, thanks mainly to weak diner traffic.
That sales picture brightened a bit over the last few months, even as demand stayed weak at Darden's tentpole Olive Garden brand.
Let's take a closer look at the latest earnings report.
Source Fool.com
