Darden swings to net loss in 1Q

Darden swings to net loss in 1Q

Results include special items related to the sale of Red Lobster

Darden Restaurants Inc. swung to a net loss for the Aug. 24-ended first quarter, a period that included special items related to the sale of its 706-unit Red Lobster division, the Orlando, Fla.-based casual-dining operator reported Friday.

During the quarter, Darden completed the sale of Red Lobster to Golden Gate Capital in a $2.1 billion deal.

Same-store sales were mixed at Darden&rsquo

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