Darden Restaurants Inc. is working to stem sliding sales at Olive Garden with a “brand renaissance” program as it prepares to close on the sale of its Red Lobster brand in July. Olive Garden’s same-store sales slipped 3.5 percent in the May 25-ended fourth quarter, the Orlando, Fla.-based company reported Friday. Clarence Otis, Jr., Darden’s chairman and chief executive, said in a call with analysts that the 837-unit brand was embarking on a plan to improve food ...
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