Orlando-based Darden Restaurants is cutting its profit forecast for the year, with the owner of Olive Garden and Red Lobster blaming failed promotions and negative publicity generated by its tests to limit health care costs for workers. The company's stock tumbled 8 percent.
December 04, 2012 at 12:00 AM
1 minute read
Orlando-based Darden Restaurants Inc. is cutting its profit forecast for the year, with the owner of Olive Garden and Red Lobster blaming failed promotions and negative publicity generated by its tests to limit health care costs for workers.
Darden’s stock tumbled 8 percent.
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