date:Mar 24, 2014
arden coincide with an active sale process or potential spinoff of Red Lobster as part of a comprehensive strategic plan announced in December. Darden hopes the separation of its seafood chain, combined with efforts to revive Olive Garden, will lift the company out of the ongoing slump pressuring casual-dining operators in a post-recession consumer environment.
Severe winter weather added to the companys challenges during its third quarter.
Net earnings for the quarter ended Feb. 23 slid 18% t