LongHorn Steakhouse Aims to Lure Inflation-Fatigued Beef Lovers
Casual-dining company Darden Restaurants believes it may be benefiting from consumers being sick of high beef costs at grocery stores.Darden finance chief Raj Vennam said Thursday that retail demand for beef has plunged in November. Executives from Darden, which owns LongHorn Steakhouse and Olive Garden among other chains, think that people could be visiting places like LongHorn for their steak fix instead.LongHorn's same-store sales grew 5.9% during the three months ended Nov. 23 from the prior year...
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