LongHorn Steakhouse Owner Sees Imports Easing Beef Costs -- WSJ
Dow Jones2026/09/24 18:45By Heather Haddon
Darden Restaurants expects a rise in beef imports to ease its soaring costs for the commodity.
The owner of LongHorn Steakhouse told investors it should benefit from the Trump administration allowing more beef to enter the U.S. tariff-free and from Mexico after lifting a ban because of cases of New World screwworm.
"There's some reasons to believe the beef market will slightly improve," Darden Chief Financial Officer Raj Vennam said during a first-quarter investor call.
Darden expects inflation of 3% for food and other ingredients during its fiscal year, including beef. The company last September estimated commodity inflation of 3% to 4% for the previous fiscal year.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
September 24, 2026 14:45 ET (18:45 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Anthropic "accidentally" leaks IPO documents! Plans to raise $69.3 billion, valuation drops from 2 trillion to 1.3 trillion
Anthropic mistakenly published and then withdrew a prospectus for a planned $69.3 billion fundraising, with its valuation dropping from a peak of $2 trillion to between $1.1 trillion and $1.3 trillion.
Subaru Publishes Transcript of First-Half FYE 2027 Financial Results Presentation
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
WikiLeaks Founder Julian Assange Welcomes Daughter With Terminator Quote
Crypto prices
More
