Darden Restaurants Inc.’s plan to stabilize same-store sales at Olive Garden and its impending sale of the Red Lobster chain has drawn generally favorable nods from analysts. The Orlando, Fla.-based casual-dining company has launched a re-branding program for its 837-unit Olive Garden chain, as it heads toward the $2.1 billion sale of its 706-unit Red Lobster brand to Golden Gate Capital. While Darden said Olive Garden’s same store sales slipped 3.5 percent in the May ...
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!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com