Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022.
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Darden Restaurants on Thursday raised its revenue outlook for fiscal 2023 for the second consecutive quarter after reporting quarterly results that showed growth across the board.
For fiscal 2023, Darden now expects sales of $10.45 billion to $10.5 billion, up from its prior range of $10.3 billion to $10.45 billion.
Darden CEO Rick Cardenas credited the quarter’s strong sales growth to its strategy of pricing below inflation. He said on the company’s earnings call that Darden’s sales and traffic outperformed the broader restaurant industry, and that…