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Adjusted EBIT margins expanded 330 BP vs. the prior year. This was partially driven by leveraging positive same-restaurant sales and was also driven by 170 BP improvement in Food & Beverage expense and a 100 BP improvement in restaurant expense. At Olive Garden, $DRI had YoverY favorability in dairy cost.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.