Olive Garden parent's profit sinks

Posted: June 21, 2014 at 3:33 a.m.

In this May 22, 2014 photo, patrons exit an Olive Garden Restaurant, a Darden restaurant brand, in Short Pump, Va. Darden's fiscal fourth-quarter profit dropped 35 percent, dragged down by charges and costs tied to its strategic plan to reshape the restaurant company. (AP Photo/Steve Helber)

Darden Restaurants Inc., which is selling its Red Lobster chain, said quarterly profit fell 35 percent and forecast annual earnings that trailed analysts' estimates amid a continued slump in Olive Garden sales.

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