Darden Restaurants Inc. reported an 18.4-percent decline in profit for the Feb. 23-ended third quarter, pointing to severe winter weather and costs associated with the spinoff of its 706-unit Red Lobster brand. Darden ended the quarter with 836 Olive Garden units and, in its Specialty Restaurant Group, 53 Capital Grilles, 48 Yard House units, 38 Season 52s, 37 Bahama Breeze restaurants and 13 Eddie V’s units. NET INCOME Result: $109.7 million, or 82 cents per share % Decrease: ...
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Contact: Desiree Torres Desiree.Torres@penton.com