With food inflation still surging, up 8% for the twelve months ended August, and the Russia-Ukraine war adding to global food constraints, it's easy to see why restaurant brands and operators are experiencing diminishing margins on their bottom line.
Take Darden Restaurants (NYSE:DRI), the largest restaurant operator in the U.S. The Orlando, Florida-based company reported Thursday its first quarter 2023 results and its fiscal 2023 financial outlook.
