Why Olive Garden and Red Lobster Will Never Be Great Again
Filed under: Company News
Things appear to be looking up for restaurant operator Darden (DRI).
The company behind Red Lobster and Olive Garden — as well as the smaller LongHorn Steakhouse, Capital Grille, and Bahama Breeze concepts — saw its stock hit a new all-time high on Friday after it posted better-than-expected quarterly results.
You won’t be terribly impressed.
Sales for the fiscal quarter ending in late August climbed 5%, but that was the result of expansion and the acquisition of 11 Eddie V’s restaurants….
Why Olive Garden and Red Lobster Will Never Be Great Again originally appeared on DailyFinance.com on 2012-09-26T14:45:00Z.
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