Darden boosts fiscal-year forecast as cost outlook stabilizes

01/31/2011 | Reuters

Darden Restaurants expects its costs to stabilize this year, easing concerns over the impact of higher commodity prices on the bottom line. The parent of Olive Garden and Red Lobster also increased its earnings forecast for the fiscal year, saying price clarity will help mitigate the effect of blizzard-related sales slowdowns on profits.

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