Menu changes, streamlined operations, and off-premises sales make Darden a casual dining standout.
We believe investors should walk away from no-moat Darden's fourth-quarter 2018 update with two takeaways: First, operational improvements put in place at Olive Garden over the past few years continue to pay off, keeping same-restaurant sales ahead of the industry without resorting to aggressive discounting. While there were concerns about the decision to not repeat last year's "buy one, take one" promotion heading into the quarter, we believe Olive Garden's 2.4% comps (almost 200 basis points a...Darden Restaurants is a restaurant company. The company owns and operates restaurants through subsidiaries in the U.S. and Canada under the Olive Garden?, LongHorn Steakhouse?, Cheddar's Scratch Kitchen?, Yard House?, The Capital Grille?, Seasons 52?, Bahama Breeze?, and Eddie V's Prime Seafood? trademarks. The company has four reportable segments: Olive Garden; LongHorn Steakhouse; Fine Dining (which includes The Capital Grille and Eddie V's); and Other Business (which includes Cheddar's Scratch Kitchen, Yard House, Seasons 52, Bahama Breeze and results from its franchise operations).
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