ORLANDO Fla. Darden Restaurants Inc. posted a net loss of $55.1 million for the quarter ended May 27 because of a $245 million pre-tax charge for the discontinuation of its Smokey Bones business and the closing of nine Bahama Breezes. Revenues from continuing operations rose 3.2 percent for the fourth quarter to $1.46 billion, and grew 4 percent for the year to $5.57 billion. The revenue rise reflected Olive Garden's 51st consecutive quarterly increase in same-store sales, of 3.5 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!