UPDATE: Smokey Bones' burial leaves Darden with $55M loss

ORLANDO Fla. Darden Restaurants Inc. posted a net loss of $55.1 million for the quarter ended May 27 because of a $245 million pre-tax charge for the discontinuation of its Smokey Bones business and the closing of nine Bahama Breezes.

Revenues from continuing operations rose 3.2 percent for the fourth quarter to $1.46 billion, and grew 4 percent for the year to $5.57 billion. The revenue rise reflected Olive Garden's 51st consecutive quarterly increase in same

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