Darden Outlines New Growth Plan, Looking to Double Number of LongHorn Units In 10 YearsMay 6, 2011
Darden Restaurants has outlined growth projections for its brands, which include plans to roughly double the size of LongHorn Steakhouse over the next 10 years. Drew Madsen, president and chief operating officer of Orlando-based Darden, discussed the company’s plans during a presentation at Barclay’s Retail & Restaurants Conference in New York City. Madsen said LongHorn Steakhouse, Olive Garden and Seasons 52 would drive company growth. Darden will look to expand LongHorn Steakhouse to 600 to 800 units over the next decade, which would make it approximately the same size as Olive Garden. At the end of its most recent third quarter, Darden operated 1,868 restaurants, including 347 LongHorn Steakhouses and 743 Olive Gardens. Darden also owns the Red Lobster and The Capital Grille brands.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.