Darden Earnings: Compelling Value Proposition Buoys Market Share Gains, but Stock Looks Pricey
Darden posted 4.6% comparable sales growth with positive traffic in its fiscal fourth quarter, supported by gains across all banners, including 9.5% at LongHorn. Restaurant-level EBITDA margin rose 50 basis points to 22.1% as productivity efforts and sales leverage more than offset inflation.