The hand of Lounge's long reach: Olive Garden's profits tanking!1

[UTUSN]

from LBN:

********QUOTE*******

Olive Garden Parent Company Profits Drop

Last edited Fri Sep 20, 2013, 11:16 AM USA/ET - Edit history (2)

Source: USA Today

The parent of Olive Garden and Red Lobster is replacing its president after reporting a sharp drop in profits over its summer quarter.

Darden Restaurants said it earned $70.2 million, or 53 cents per share, for the three months ended Aug. 25. That's compared with $110.8 million, or 85 cents per share, in the year-ago period. Analysts expected a profit of 70 cents per share.

Sales rose to $2.16 billion, helped by the opening of new locations. That was short of the $2.19 billion Wall Street expected, according to FactSet.

The company said Drew Madsen, 57, will retire and be succeeded by the president of its specialty restaurant group, Gene Lee. The appointment is effective immediately.


Read more: http://www.usatoday.com/story/money/business/2013/09/20/olive-garden-darden-restaurants/2841815/

********UNQUOTE*******

[KamaAina]

1. Maybe they'll offer unlimited breastfeeding.

[awoke_in_2003]

6. I am lactose intolerant. nt

[Make7]

2. The article failed to mention all the new locations were in Manhattan. ( n/t )

[LWolf]

3. I have to eat their this weekend.

It's a bday dinner for a family member. I don't know why she chose TOG; she usually has better taste. It's her day, though, so...

I've been wondering if they can serve me a salad or any veggies with no dressing or sauces. I could eat that and drink lots of herb tea and get through the meal.

I'm not going to pay for more or mess up my diet for food I don't even like.

[rurallib]

4. Weren't they one of the early "we won't do Obamacare"

restaurants? they can fold for all I care. I won't be stepping into them or Applebee's.
Besides the once I did eat there the food was crap

[pinboy3niner]

7. I have to eat at Applebee's in the morning

It's a fundraiser by local HS students to build a home for a wounded warrior.

I'm sure I'll be granted a special dispensation just this once.

[sammytko]

5. When I saw that on some other site,

Breast feeding pit bulls at the Olive Garden was my first thought!