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Labor Expenses Dented Darden’s EBIT Margin in Fiscal Q1 2019

Labor Expenses Dented Darden’s EBIT Margin in Fiscal Q1 2019

During the first quarter of fiscal 2019, Darden Restaurants (DRI) posted EBIT (earnings before interest and tax) of $189.1 million, which represents an EBIT margin of 9.2%. The company’s EBIT margin stood at 9.3% in the first quarter of fiscal 2018.