Tag Archive: Darden Restaurants
Darden Seeing Improvement After Mid-Summer Lull
Darden Restaurants saw revenue increase 1% to $2.8 billion in its fiscal first quarter ended in August, as the addition of 42 new restaurants offset a same-stores sales decline of 1.1%. Continue reading →
Posted in News on September 20, 2024Darden Sales Top $11 Billion On 9% Growth
Darden Restaurants saw full-year sales climb 8.6% to $11.4 billion in the 12 months through May 26, boosted by a 1.6% increase in same-store sales and the addition of 80 company-owned Ruth’s Chris restaurants along with 37 other net new locations across the portfolio. Continue reading →
Posted in News on June 24, 2024News Briefs for March 23, 2015
•A California federal judge has put a class action suit against Tito’s Handmade Vodka producer Fifth Generation Inc. on hold because of a technical issue, but has also rejected most of Fifth Generation’s arguments aimed at dismissing the suit, which maintains that Fifth Generation misled consumers with its “handmade” claim. Continue reading →
Posted in News on March 23, 2015Cape Classics Eyes More European Wines, Sees Potential In South African Chardonnay
Known for its roughly 30% share of the 1.1-million-case South African wine category in the U.S., importer and marketer Cape Classics launched its first French wines stateside in 2013, and chairman and CEO André Shearer tells SND more Old World entries are on the way. Continue reading →
Posted in News on February 17, 2015Darden Unloads Red Lobster For $2.1 Billion
Darden Restaurants has sold its 705-unit Red Lobster brand to investment firm Golden Gate Capital for $2.1 billion in cash. Continue reading →
Posted in News on May 16, 2014News Briefs for March 24, 2014
•Mionetto USA has officially launched its revamped Luxury Collection of sparkling wines, news of which SND first reported March 4. Continue reading →
Posted in News on March 24, 2014
