Darden Restaurants Reports October Same-Restaurant Sales Results
Darden Restaurants, Inc., (NYSE:DRI) reported U.S. same-restaurant sales results for the four- week October fiscal month ended October 29, 2006. This period is the second month of Darden's fiscal 2007 second quarter.
Same-restaurant sales at Olive Garden increased 1% to 2% for fiscal October, which reflected a 1% to 2% increase in check average and no change in guest counts. The check average increase was a result of an approximate 2% increase in pricing and a 0% to 1% decrease from menu mix changes. Last year, Olive Garden had an 8% to 9% increase in same-restaurant sales.
Same-restaurant sales at Red Lobster decreased 0% to 1% for fiscal October, which reflected an approximate 2% decrease in guest counts and a 1% to 2% increase in check average. The check average increase was a result of a 1% to 2% increase in pricing and a 0% to 1% decrease from menu mix changes. Last year, Red Lobster had a 2% to 3% increase in same-restaurant sales.
Darden Restaurants, Inc., headquartered in Orlando, FL, owns and operates over 1,430 Red Lobster, Olive Garden, Bahama Breeze, Smokey Bones, and Seasons 52 restaurants with annual sales of $5.7 billion.
Same-restaurant sales at Red Lobster decreased 0% to 1% for fiscal October, which reflected an approximate 2% decrease in guest counts and a 1% to 2% increase in check average. The check average increase was a result of a 1% to 2% increase in pricing and a 0% to 1% decrease from menu mix changes. Last year, Red Lobster had a 2% to 3% increase in same-restaurant sales.
Darden Restaurants, Inc., headquartered in Orlando, FL, owns and operates over 1,430 Red Lobster, Olive Garden, Bahama Breeze, Smokey Bones, and Seasons 52 restaurants with annual sales of $5.7 billion.
