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Darden profit falls despite Olive Garden revamp

Orlando, Florida da's restaurant (AP) said on Thursday, in a recent quarter, its net profit fell by 37%, refurbished menu and a new advertising campaign, to attract more patrons to the Olive Garden and Red Lobster chain.
Orlando, the company's sales are down earlier this month warned that the accused failed promotion and bad publicity, bind the test condition of limited health care workers.
Although the drop in flow the company's efforts to reform menu and sell its flagship chain. In the olive garden, the company launched a new advertising series, and introduce more light, the price is reasonable food. In the red lobster, who don't like to eat seafood people's options.
But the company says, the income in the United States restaurant opened in at least one year dropped 2.7% in the quarter, the largest chain fell 3.2%, in the olive garden, red lobster, 2.7%, 0.8%, in the Longhorn Steakhouse. Diagram is an important indicator, because it to eliminate the influence of the new open and closed position.
The specialty restaurant in small chain, the figure has increased by 0.7%.
On December 4,, in the prediction of cutting for the same period of last year's reach, hit propaganda rebound this meaning, in order to understand how the company can reduce the expected increase in the cost of medical treatment with the new regulations. Started in 2014, as big as the business school at Virginia employers will be required to provide health insurance of full-time workers. The company has hired more part-time workers and replace full-time staff, part-time workers in some restaurant test.
November 25th check period, the company's restaurant revenue of $33.6 million, or 26 cents per share. This is from $53700000, or earnings per share forty cents, a year ago decline.
Analysts predict the 27 cents per share of income slightly tall, according to FactSet.
Income rose by 7% to $1.96 billion, $183 million, in line with Wall Street expectations, the company opened the other position.




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