Weak traffic for Red Lobster drags down Darden Restaurants


Darden Restaurants (DRI) expects FQ3 EPS of $0.82 as the company's bottom line takes a hit from costs associated with a fresh strategic plan and severe winter weather in the U.S.

Analysts had projected EPS would come in at $0.93 for the quarter.

For the quarter, blended same-restaurant sales are forecast to be 0.7% lower than a year ago.

Red Lobster continues to see abysmal traffic patterns with double-digit declines recorded in December, January, and February.

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Comments (2)
  • COBeeMan
    , contributor
    Comments (2970) | Send Message
     
    I cannot eat a whole meal at Red Lobster, and I refuse to be wasteful, so my wife and I have stopped going. Our friends say the same thing! We are the 50's and older crowd...the boomers.
    3 Mar 2014, 07:59 PM Reply Like
  • spbigger
    , contributor
    Comments (18) | Send Message
     
    What is wrong with Red Lobster? I really enjoy going there a couple of times each month.
    4 Mar 2014, 05:17 AM Reply Like
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