Darden says has approx. 53% of total food spend contracted through end of FY Says has approximately 53% of total food spend contracted through the end of FY. Sees shrimp inflation increasing in Q3, Q4 primarily related to production issues in Asia; doesn't see relief on shrimp until early in FY15. Sees net inflation in commodity baskets of 2.5%-35% for the current FY. Through 4Q14, says poultry costs are slightly higher with 40% of usage covered, wheat costs are lower with 30% of usage covered and dairy costs are slightly higher on a year-over-year basis with 15% of usage covered. Says energy costs are expected to be slightly unfavorable on a year-over-year basis and has contracted the majority of its natural gas and electricity usage for the remainder of the FY.
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