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LongHorn Steakhouse

Consumer Trends

Casual dining's traffic is nearly back to pre-pandemic levels, study finds

The sector's customer counts should top 2019 levels by the end of summer, according to the report.

Financing

Quick: Which restaurant segment is currently soaring?

Not even Jeopardy’s best might have nailed the surprising answer.

Darden Restaurants, the segment's biggest player, doesn’t have the answer, but CEO Gene Lee admits his first assessment was off-target.

Olive Garden’s sales increased relative to 2019, while the casual dining operator’s fine dining concepts see improvements.

The chains generated record restaurant-level margins last quarter as improved same-store sales coupled with better operations led to stronger profits.

Darden Restaurants says it will reward hourly employees with $17 million in bonuses while raising its pay scale to $12 an hour.

The latest ranking of all U.S. employers by Glassdoor.com lists only three restaurant companies, starting with the retro burger chain.

Big-name players are realigning top management to provide more flexibility and give additional attention to new revenue streams.

Rick Cardenas will move up to president and COO of Darden Restaurants while Raj Vennam will become CFO.

Parent Darden Restaurants is sketching out a five-year technology "road map" while looking at increased expansion opportunities for its biggest brand.

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