Darden Slates Up To 50 New Openings In ‘19

OliveGarden-SanPatricio-01-LowRes

Darden Restaurants, riding a wave of strong sales, plans to add 45 to 50 new locations across its eight brands including its 856-unit Olive Garden.

The news marks a major expansion, was sparked by strong fourth-quarter earnings; profits hit $174.5 million in the quarter ending May 27, compared with $123.8 million in the same period last year while sales rose 10.3% to $2.13 billion. Sales grew 12.7% to $8.1 billion in fiscal 2018.

Most of the company’s restaurants are performing well. Seven of Darden’s eight restaurants, including LongHorn Steakhouse and Eddie V’s, saw same-store sales spike this past quarter. Darden says expects same-store sales at all its brands to grow by up to 2% in 2019.

In the announcement, Darden CEO Gene Lee stated that the company’s corporate strategy is unchanged. The company did not specify which concepts would expand or where they would be located. 

RELATED CONTENT

Fred Singer 1200x800 1

Singer’s CEO Offers Tips for Navigating Industry Challenges

Fred Singer says planning ahead and finding ways to automate labor will help operators as industry challenges persist.

Clark 1200x800 1

Clark Associates Gives Back to Local Organizations

Clark Associates and its employees pitched in a pretty penny during the Lancaster County Community Foundation’s annual Extraordinary Give event on Nov. 19.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -