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On May 12, 2014, Darden announced that as part of the spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. [27] On May 16, 2014, Darden announced that it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$2.1 billion. [28]
Olive Garden increased prices by about 3.5% during the last fiscal year, compared with an average of about 4% across other Darden entities. With 110 Olive Garden locations, Texas has more than any ...
Olive Garden won’t be listed on the broader Uber Eats platform. If the initial pilot is successful, the delivery option will expand nationwide by May 2025, Darden said. Darden shares jumped 7% ...
Olive Garden is an American casual dining restaurant chain specializing in Italian-American cuisine. It is a subsidiary of Darden Restaurants, Inc., which is headquartered in Orange County, Florida. [2] As of 2022, Olive Garden restaurants accounted for $4.5 billion of the $9.63 billion revenue of its parent, Darden. [3] [4]
Same-store sales at the Olive Garden chain rose 2% after three consecutive quarters of decline. In the year-ago quarter, sales grew 4.1%. LongHorn Steakhouse's same-store sales rose 7.5%, compared ...
Olive Garden had previewed its plans to bring the popular dishes out of retirement during a Sept. 19 earnings call with investors, but didn’t reveal an exact launch date at the time. Rick ...
Olive Garden's parent company Darden Restaurants has announced it has partnered with Uber to offer delivery from the Italian restaurant, starting late in 2024. Olive Garden has long resisted food ...
Darden Restaurants, which owns Olive Garden and LongHorn Steakhouse, reported better-than-expected sales at those two chains, helping propel its stock 9% higher in premarket trading Thursday.