darden restaurants

Darden Restaurants Reports Quarterly EPS of 80 Cents

Darden Restaurants (DRI), owner of brands including Olive Garden and Red Lobster, reported quarterly net earnings from continuing operations of 80 cents per share, up from 67 cents per share a year earlier. Sales from continuing operations were $1.81 billion in the quarter ended Aug. 29, up 4.2% from a year earlier, the company said in a statement.

Recession Takes a Bite Out of Power Lunch

Restaurant traffic is down in 2009, with industry experts blaming cutbacks in expense-account dining in part for the drop. That's a problem for deal-making, as a third of CFOs say their most successful business meeting was conducted over a meal.