Darden Restaurants Inc. said disappointing sales at Olive Garden, as well as increased commodity costs, contributed to a 28-percent year-over-year decline in second-quarter profit. Management of the Orlando, Fla.-based company, which operates Olive Garden, Red Lobster, LongHorn Steakhouse and several other restaurant brands, said they intended to make bolder moves at the Italian casual-dining chain to stem declines in same-store sales. For the second quarter ended Nov. 27, Darden earned ...
It’s free but we need to know a little about you to continually improve our content.
Why Register?
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 the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!