date:Dec 20, 2013
6c per share, during the same prior-year period. Food and beverage expenses, including an unfavorable price increase driven by higher shrimp and land-based protein costs, negatively impacted profits. Net sales increased 5% to $2,049.9 million from $1,960 million during last years second quarter, but same-restaurant sales and guest counts fell below expectations.
During the quarter, Red Lobsters sales dipped 5%, while LongHorn Steakhouse sales grew 17%, Olive Garden sales climbed 2%, and the Spe