Analysts approve of Darden's plan to stabilize Olive Garden sales

Analysts approve of Darden's plan to stabilize Olive Garden sales

Industry watchers encouraged by early signs of stability, back Red Lobster sale

Darden Restaurants Inc.’s plan to stabilize same-store sales at Olive Garden and its impending sale of the Red Lobster chain has drawn generally favorable nods from analysts.

The Orlando, Fla.-based casual-dining company has launched a re-branding program for its 837-unit Olive Garden chain, as it heads toward the $2.1 billion sale of its 706-unit Red Lobster brand to Golden Gate Capital.

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