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The Wall Street Journal

Darden’s Revenue Falls 16.4% on Rising Prices

Darden Eating places Inc. posted a 16.4% drop in quarterly revenue as increased gross sales at Olive Backyard and the corporate’s different eating places didn’t offset rising food and labor costs.

Darden, which additionally operates chains resembling LongHorn Steakhouse and Capital Grille, on Thursday mentioned gross sales rose 6.1% in its fiscal first quarter to $2.45 billion, slightly below the $2.47 billion Wall Road analysts had been anticipating.

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