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Olive Garden owner Darden warns on profit | The Desert Sun | mydesert.com
ORLANDO, FLA. Darden Restaurants, struggling to draw more customers into its Olive Garden and Red Lobster restaurants, said Friday that its third-quarter profit could fall below Wall Streets expectations and cut its outlook for the year.
The Orlando, Fla.-based chain has tried to revamp menus and marketing for its flagship chains. But revenue at Olive Garden, Red Lobster and LongHorn Steakhouse locations open at least one year is expected to fall 4.5 percent in the quarter ending Feb. 24, indicating those efforts have yet to pay off.
The companys priority is re-establishing customer traffic momentum at the three restaurant chains, CEO Clarence Otis said. We recognize there is still more to do to further address affordability and to improve other important aspects of the guest experiences we provide.
Otis said the first half of the fiscal third quarter was encouraging, but higher payroll taxes and rising gas prices, along with severe winter weather, sent sales sliding in February.
Sure, "higher payroll taxes and rising gas prices, along with severe winter weather, sent sales sliding in February." more than likely had an affect on Darden's sales but-----but isn't Darden one of the businesses that said they were going to punish their staff for wanting to be covered by health insurance for themselves and their families?
And isn't Darden one of those company's for which a petition to boycott was started because of the way they abuse their staff -- hmmm, in the words of at least one mediocre Fox News Analyst -- "blame yo'se'f".
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Olive Garden owner Darden warns on profit | The Desert Sun | mydesert.com
ORLANDO, FLA. Darden Restaurants, struggling to draw more customers into its Olive Garden and Red Lobster restaurants, said Friday that its third-quarter profit could fall below Wall Streets expectations and cut its outlook for the year.
The Orlando, Fla.-based chain has tried to revamp menus and marketing for its flagship chains. But revenue at Olive Garden, Red Lobster and LongHorn Steakhouse locations open at least one year is expected to fall 4.5 percent in the quarter ending Feb. 24, indicating those efforts have yet to pay off.
The companys priority is re-establishing customer traffic momentum at the three restaurant chains, CEO Clarence Otis said. We recognize there is still more to do to further address affordability and to improve other important aspects of the guest experiences we provide.
Otis said the first half of the fiscal third quarter was encouraging, but higher payroll taxes and rising gas prices, along with severe winter weather, sent sales sliding in February.
Sure, "higher payroll taxes and rising gas prices, along with severe winter weather, sent sales sliding in February." more than likely had an affect on Darden's sales but-----but isn't Darden one of the businesses that said they were going to punish their staff for wanting to be covered by health insurance for themselves and their families?
And isn't Darden one of those company's for which a petition to boycott was started because of the way they abuse their staff -- hmmm, in the words of at least one mediocre Fox News Analyst -- "blame yo'se'f".
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