Darden lifts annual sales forecast as diners seek affordable options
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Darden Restaurants raised its annual sales forecast, expecting same-restaurant sales to rise between 3.5% and 4.3% in fiscal 2026. The company has absorbed tariff-related costs without raising prices, attracting diners seeking affordable options. Darden's shares rose 5% after surpassing second-quarter sales expectations. The company reaffirmed its annual earnings per share forecast and expanded delivery through Uber Direct. Olive Garden and LongHorn Steakhouse saw significant sales increases, driven by menu innovation and value-focused promotions.
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