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Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando, Florida. [1] Darden has more than 1,800 restaurant locations and more than 175,000 employees, making it the world's largest full-service restaurant company. [ 2 ]
The original Capital Grille was founded by Ned Grace, in Providence, Rhode Island, in 1990. [4] The opening was curious for several reasons: the upscale steakhouse contrasted with the then-rundown downtown area of Providence, and the opening occurred amid an ongoing recession.
Like its restaurant peers, Darden’s traffic struggled during summer, presumably due to increased travel. Moreover, Olive Garden reported that same-store sales contracted by 2.9% while fine ...
LongHorn Steakhouse was founded in 1981 by George McKerrow Jr. and his best friend Brian. McKerrow was a former manager at Quinn's Mill Restaurant, a subsidiary of Victoria Station, a San Francisco-based concept with railroad cars used as dining areas that was popular in the United States during the 1970s and '80s.
Then in its most recent quarter, Darden saw same-store sales declines at both Red Lobster and Olive Garden, and it took 100 new restaurants to produce a total sales increase of less than 4%.
Source: Darden. Overall, the company's total sales rose 1% to $2.76 billion, helped by the addition of 42 new restaurant locations, while same-store sales slipped 1.1%.
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