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)
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