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Darden Restaurants

Why Cheddar's is Off to a Slow Start Under Darden

Hurricane Harvey made landfall on the final weekend of Darden’s first quarter. In that short time, the catastrophic storm left a pronounced impact on the casual dining company’s bottom line. Rick Cardenas, Darden’s senior vice president and CFO, said during a conference call that the day before Harvey hit Texas, where Darden has 99 total units across its brands (including 47 Cheddar’s Scratch Kitchen locations), same-restaurant sales for the quarter were up 2 percent.

Darden Reports Weaker-Than-Expected First Quarter

Darden’s impressive momentum slipped a bit Tuesday as the company reported weaker-than-expected numbers in the first quarter, sending shares of the Olive Garden and LongHorn Steakhouse parent down 3.

Darden-Acquired Cheddar's Closing Corporate Office

Now under the umbrella of casual dining giant Darden, Cheddar’s Scratch Kitchen is no longer in need of a corporate office. The 165-unit brand (140 company-owned) will close its office in Irving, Texas, and cut 69 positions, according to documents filed with the Texas Workforce Commission and reported by The Dallas Business Journal.

Darden, Olive Garden Continue to Demolish Expectations

Behind the sales metrics and calculations driving Darden forward is a much simpler story. During a conference call Tuesday, CEO Gene Lee recalled the landscape three years prior. LongHorn Steakhouse and Olive Garden were standing at the terminal with suitcases full of luggage and zero chance of fitting them in the overhead bin.

3 Takeaways from Darden’s Bombshell Announcement

Coinciding with the brand’s announcement of its Q3 earnings results, Darden Restaurants will add casual dining brand Cheddar’s to its portfolio that includes Olive Garden and LongHorn Steakhouse.Why Did Darden Take This Gamble? Read More About it HereFrom expanding to-go offerings to focusing on real estate, here’s a look at how the company continues to improve its restaurants and how it plans to integrate Cheddar’s.

Why Darden is Taking a $780 Million Gamble on Cheddar’s

It isn’t every day that a major casual dining company precedes a financial review with a $780 million jolt. In this sector of the industry especially, it has become commonplace for organizations to huddle and guard their assets.

Darden Restaurants Honors its Top Suppliers

Darden Restaurants recently announced the recipients of its annual “William B. Darden Distinguished Supplier Awards.” The award, named for the company's late founder, recognizes suppliers who continuously exceed expectations by providing innovative products and services that contribute to the success of the company.

Same-Restaurant Sales Rise for Darden Restaurants

Darden Restaurants, Inc., reported its financial results for the first quarter ended August 28.First Quarter 2017 Financial Highlights Versus Same Fiscal Quarter Last YearTotal sales from continuing operations increased 1.

Olive Garden Facing Investor Pressure to Eliminate Antibiotics

Darden Restaurants, the nation’s largest restaurant company and owner of Olive Garden, is facing pressure from investors Thursday at its annual shareholder meeting to eliminate the routine use of antibiotics in its supply chain, a practice that can fuel the spread of drug resistant bacteria.

Olive Garden Teams up with Feeding America

Olive Garden is strengthening its commitment to helping families in need by partnering with Feeding America, the nation's leading domestic hunger-relief organization. In addition to Olive Garden's ongoing efforts, this new partnership with Feeding America will add 5.

Darden Restaurants to Roll Out Guest Management Platform

QSR Automations, Inc., an industry leader in kitchen and guest management systems, announced Tuesday that it has partnered with Darden Restaurants for a nationwide roll out of its DineTime guest management platform to more than 1,300 LongHorn Steakhouse and Olive Garden locations over the next year.