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By 2012, sales had decreased at Olive Garden. At the final quarter of 2011, sales at established Olive Garden locations had decreased by 2.5%. The Darden president and chief operating officer, said that Olive Garden at that point was "a beloved, but somewhat expected brand". [ 6 ]
Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando, Florida. [1] As of May 2023, the firm owns three fine dining restaurant chains: Ruth’s Chris Steak House, Eddie V's and The Capital Grille; and six casual dining restaurant chains: Olive Garden Italian Restaurant, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House and Cheddar's Scratch ...
Over the course of the fiscal year, Olive Garden hiked prices up about 3.5%, compared to roughly 4% across Darden’s brands, which include LongHorn Steakhouse, Eddie V’s and Cheddar’s Scratch ...
Combined same-unit sales at Olive Garden, Red Lobster, and LongHorn Steakhouse fell 0.3%. Comps were positive at Olive Garden for the first time in six quarters, but weakness at Red Lobster kept ...
Darden Restaurants, Inc. Website. www .yardhouse .com. Yard House is an American restaurant chain, with 80+ locations across the United States. [2] Yard House was purchased by Darden Restaurants in 2012 for $585 million and now operates out of Orlando, Florida. [3] [4]
Exhibit one: Olive Garden. At the beginning of last week, the popular Italian eatery reported its worst quarterly performance in more than two decades, saying Sales at Olive Garden Are Plummeting.
Steve Helber/AP There's dough in breadsticks and green in bottomless salad bowls at Olive Garden again. Parent company Darden Restaurants (DRI) posted better-than-expected quarterly results after ...
The sale of the two chains, collectively called the Fiesta Restaurant Group, was completed in May 2012. [9] In June 2012, Carrols acquired 278 Burger King locations from Burger King for approximately $150 million. In exchange, the Burger King parent, Burger King Corporation took a 28.9% stake in the company.