LOS ANGELES, Feb 1 (Reuters) - Darden Restaurants Inc:
* Rpt-Sees beef prices up 9 pct over coming 18
months-purchasing exec
* Rpt-Sees chicken prices down 3 pct over coming 18 months
* Rpt-Sees overall seafood prices up 11 pct over coming 18
months
* Rpt-Beef and seafood account for 80 pct of Darden's projected food
inflation
* Rpt-Sees wheat cost up 1 pct
* Rpt-Sees soybean oil products up 14 pct
* Rpt-Soybean oil products account for less than 2 pct of overall food
purchases
* Rpt-Sees dairy and produce costs up 2 percent, energy up 1
percent
* Rpt-Sees net cost inflation of 3.5 pct to 4 pct for FY2012
* Sees net food and energy cost inflation of 1.5 percent to 2 percent for second half of FY2011 ((Los Angeles Equities; tel +1 213 380 2014))
(For more news about Darden Restaurants Inc click here:) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Rpt-Sees beef prices up 9 pct over coming 18
months-purchasing exec
* Rpt-Sees chicken prices down 3 pct over coming 18 months
* Rpt-Sees overall seafood prices up 11 pct over coming 18
months
* Rpt-Beef and seafood account for 80 pct of Darden's projected food
inflation
* Rpt-Sees wheat cost up 1 pct
* Rpt-Sees soybean oil products up 14 pct
* Rpt-Soybean oil products account for less than 2 pct of overall food
purchases
* Rpt-Sees dairy and produce costs up 2 percent, energy up 1
percent
* Rpt-Sees net cost inflation of 3.5 pct to 4 pct for FY2012
* Sees net food and energy cost inflation of 1.5 percent to 2 percent for second half of FY2011 ((Los Angeles Equities; tel +1 213 380 2014))
(For more news about Darden Restaurants Inc click here:) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.