Red Lobster slump costs Darden in 2Q
date:Dec 24, 2012
llion (EUR 41 million) in 2011 to USD 33.7 million (EUR 25.5 million) in Q2 of 2011.

U.S. same-restaurant sales decreased in all three major Darden chains 0.8 percent for LongHorn Steakhouse, 2.7 percent for Red Lobster, and 3.2 percent for Olive Garden. Both Red Lobster and LongHorn showed a decrease in operating profit, and a decrease in operating profit as a percentage of sales. Olive Garden had a decrease in operating profit as a percentage of sales, too, but lower food and beverage costs
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