Darden 3Q profit falls 18.4%

Darden 3Q profit falls 18.4%

Company points to weather, Red Lobster spinoff costs

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.

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