US-based Darden Restaurant Inc., owners of the Red Lobster seafood restaurant chain, said its profit for the three months ended Feb. 26 rose 8.5 percent.
Earnings totaled $164.1 million (€123 million) up from $151.2 million (€114 million) in the same quarter the year earlier.
Latest-quarter revenue rose 9 percent to $2.16 billion, reflecting positive same-store sales at each of the company’s chains.
Sales increased 7.4 percent to $712 million at Red Lobster. Domestic same-store sales increased 6 percent and the chain opened eight net new restaurants.
“The
