Posted on 02/23/2013 2:05:43 PM PST by 2ndDivisionVet
ORLANDO, Fla. (AP) - Darden Restaurants (DRI), struggling to draw more customers into its Olive Garden and Red Lobster restaurants, said Friday that its third-quarter profit could fall below Wall Street's 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...
(Excerpt) Read more at dailyfinance.com ...
I like Olive Garden.
0dungo-nation at work.
O’s economy is now even hurting the cheap, family type restaurants like Olive Garden. Not just the high end places. Next thing will be McD’s and BK.
Used to go to those three somewhat often. Can’t afford the Burger King dollar menu these days.
I used to go to all three on occasion and have stopped because the service is poor. Food arrives lukewarm...never hot.
Just wait until the impact of all the tax increases filters through the economy. What little growth there was in the private sector is going to dry up like the prairie in August. Decisions have consequences. The decision of the GOP to cave into Obama is going to have dire ones.
Wait until the “deathstar” of ObamaCare fully hits these businesses.
Nothing at all to do with the federal theft of our wages. Fatzilla forced all of us to cough up more of our limited income to feed its insatiable maw, but fatzilla can’t reduce it’s belt notch a lousy 1% without incessant hysteria and claims of wolf-at-the-door. Those people and their constant cries of wolf make me absolutely sick. And it’s the same stinking behavior from every local school district, town, village, city, county, and state government. Why can’t they just man-up and make do with what they extort from us?
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Federal civilian employees are getting a PAY RAISE for goodness sakes!!
When gas is $3.98 per gallon, it leave a lot less to eat out on.
I have not set foot in one of these places since they pulled their ads from Glenn Beck on Fox.
Maybe the Dems desired massive hike in minimum wage will help! /s
We like Longhorn. But, as retirees, we cannot afford it much.
There are great Olive Gardens, and AWFUL Olive Gardens. Consistency through the chain is not their strong point.
I ate at a Longhorn years ago. It was awful.
I much prefer Texas Roadhouse. Great food, well prepared, great service, and consistency - every TR I’ve patronized has been splendid.
Just my two cents...
IIRC, the CEO of Longhorn Steakhouse, Clarence Otis Jr., has donated thousands of dollars to democrats.
Well, I have another suggestion for them: try serving something called “good food”.
Oh, their commercials always make their food look oh so tempting an luscious.....til you actually go into one and see what’s dumped onto your plate.
I’ve eaten in all three of those chains. I could have just chewed on the menu and gotten the same satisfaction. Horrid.
Well, I have another suggestion for them: try serving something called “good food”.
Oh, their commercials always make their food look oh so tempting and luscious.....til you actually go into one and see what’s dumped onto your plate.
I’ve eaten in all three of those chains. I could have just chewed on the menu and gotten the same satisfaction. Horrid.
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