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

Register to view the full article

Register to view this article

Hide 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.