Darden Sees Fine-Dining Comparable Sales Drop Amid Inflation, Job Concerns
Darden Restaurants(DRI) PYMNTS.com·2024-06-21 01:50
Rick Cardenas, president and CEO at Darden Restaurants, said Thursday (June 20) that those concerns are greatest among consumers with incomes below the median household income of $75,000 and especially among those with incomes below $50,000. "These impacts were even greater in our fine dining brands, so that's why you saw fine dining had a more negative comp than others," Cardenas said. The same-store sales figures for the company's fine dining segment include The Capital Grille. They do not yet include the ...