Darden warns on 2Q results, stock drops

Darden warns on 2Q results, stock drops

Company says failed promotions at Red Lobster, Olive Garden and LongHorn Steakhouse caused lower-than-expected sales

Darden Restaurants Inc. warned Tuesday that its second-quarter 2013 earnings will be lower than expected, citing promotional offers that missed their marks.

The Orlando-based company said in a statement that it expects its combined U.S. same-store sales at Red Lobster, Olive Garden and LongHorn Steakhouse to have fallen 2.7 percent for the quarter ending Nov. 25. The company anticipates that its same-store sales for its specialty group, which includes Seasons 52 and The Ca

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish