In addition to the bad weather, Darden said legal, advisory and other costs related to its plan to either spin off or sell Red Lobster hurt its profit. More from In The Know:. Others supported Potter though, saying they experienced the same things at the location where they worked.
However, she later clarified in the comments that she meant to say items were kept in a heating drawer. Barington Capital, an activist investor that says Olive Garden and Red Lobster should be separated as a pair from Darden's smaller chains, expressed disappointment in the company's latest. Darden has tried making numerous changes at Olive Garden and Red Lobster to better reflect today's eating habits, but the efforts have failed to take hold so far.
What it's really like to work at olive garden
In it, chta year old makes several claims about the job — both negative and positive. Story continues "Darden's deteriorating financial performance and decision to continue to separate Red Lobster without pursuing opportunities to monetize its valuable real estate have caused us to lose all confidence in the ability of Clarence Otis to manage the company," the firm said in a statement.
Meanwhile, sales for the company's specialty restaurant group are expected to be down 0. Darden executives also continued to make the case for why it made sense to hold onto Olive Garden and spin off or sell only Red Lobster, rather than keeping the two struggling chains together and separating garedn from the company's more promising specialty restaurant unit, which includes Capital Grille and Yard House.
For the three months ended Feb.
The metric is a key measure of a retailer's health because it excludes the volatility of newly opened and closed locations. But Darden has been battling shifting industry trends for years now, with people moving away from casual dining chains where tips for waiters and waitresses push up a meal's cost. It said sales are expected to drop 5.
Customer traffic declines were even steeper, falling as much as 13 percent at Olive Garden in December and 19 percent at Red Lobster in January. At Red Lobster, the figure is expected to fall 8.
The remarks came as Darden Restaurants Inc. I worked at Olive Garden.
Olive garden waitresses pose for playboy
Some said Potter was exaggerating certain details, like her claims about the reheated food and eating free bread on the job. The company backed its outlook for fiscalsaying that it still expects earnings per share to decline 15 percent to 20 percent, excluding restructuring costs. Excluding the impact of the weather and the shift in the timing of Thanksgiving, Darden said Red Lobster stores would have posted a decline of about 6.
In a call with analysts on Monday, executives at Darden Restaurants Inc.
The Orlando, Fla. The specialty restaurant group would have posted a 1.