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 ...
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