Darden Restaurants Inc.’s weak first-quarter results raised alarms in the investment community and are serving as what some analysts are calling a “much-needed wake-up call” for the nation’s largest casual-dining company. Darden, parent to the Red Lobster, Olive Garden and LongHorn Steakhouse brands, among others, reported on Friday a 37.6-percent decline in first-quarter profit compared to the year-earlier period. Same-store sales at Darden’s two ...
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Contact: Desiree Torres Desiree.Torres@penton.com