Darden eateries’ forecast cut 2.7%
Posted: December 5, 2012 at 3:50 a.m.
Pedestrians in New York pass a Red Lobster restaurant in September. Red Lobster owner Darden Restaurants Inc. expects revenue at Olive Garden, Red Lobster and LongHorn Steakhouse locations open at least a year to be down about 2.7 percent.
Darden Restaurants Inc. cut its profit forecast for the year on Tuesday, with the owner of Olive Garden and Red Lobster blaming failed promotions and negative publicity generated by its tests to limit health-care costs for workers.
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Business, Pages 25 on 12/05/2012
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