Darden Faced Steep Beef Inflation, but Outlook is Improving
Dow Jones
Jun 25
1048 ET - Darden Restaurants faced higher-than-expected beef inflation in F2026. Beef prices were up roughly 12% year-over-year, CFO Raj Vennam says on call with analysts. The outlook is improving, though, as the company expects beef prices to be in low single digits in F2027. Darden's LongHorn Steakhouse brand has actually benefited from high beef inflation, which has given the restaurant chain better relative value, executives say. Darden is off 0.1% after guiding for slower growth over the coming year. (connor.hart@wsj.com)
(END) Dow Jones Newswires
June 25, 2026 10:48 ET (14:48 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.