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Olive Garden

Olive Garden turnaround helps lift Darden profits

The promised revamp at Olive Garden already is helping to boost its parent company's bottom line, with Darden reporting thrid-quarter fiscal earnings that met expectations on revenue and beat them on profit.

Leadership

The builder: Steve Silverstein

No one has ever quit, claims this casual chain—and that includes Not Your Average Joe's tenacious founder Steve Silverstein.

The Darden Restaurants chain said it will surprise social-media followers by giving them a chance to win one of a new batch of passes.

The casual dining giant also has a new non-executive chairman, the CEO of the investment company that won control of Darden last week.

Same store sales for September inched upward by 0.6 percent. How to revive the chain is a point of contention between Darden Restaurants and Starboard Value, a dissident shareholder that hopes to seize the board. Capital Grille posted a comp sales game of 6.4 percent, while Longhorn Steakhouse raised comps by 3.2 percent.

Same store sales for September inched upward by 0.6 percent. How to revive the chain is a point of contention between Darden Restaurants and Starboard Value, a dissident shareholder that hopes to seize the board. Capital Grille posted a comp sales game of 6.4 percent, while Longhorn Steakhouse raised comps by 3.2 percent.

A group claiming to represent Darden employees said it will meet with the disgruntled shareholder. The group also acknowledged that it’s led by a member of the Restaurant Opportunities Center, a labor group often likened to a union.

A dissident shareholder in the chain’s parent company is demanding some very specific operational changes, including the switch to a one-stick-at-a-time bread service.

A new to-go system pushed up Q2 takeout sales by 13%

With the all-you-can-eat passes selling for far more than their original price of $100, Olive Garden is invoking a provision that says the deal is non-transferable.

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