Darden Restaurants to sell or spin off Red Lobster

|About: Darden Restaurants, Inc. (DRI)|By:, SA News Editor

Darden Restaurants (DRI) says it plans to separate its Red Lobster business from the company either through a sale or spinoff.

The Red Lobster chain has seen some of the weakest traffic trends in the sector during Q4 and faces tough seafood input costs.

DRI +0.1% premarket.