Maybe Darden Should Pay More Attention To Starboard Value
Daniel Jones • Yesterday, 12:23 AM
- For its most recent quarter, Darden reported revenue and earnings that topped forecasts, but that were still down year-over-year.
- After removing Red Lobster's data, the picture at Darden still looks anything but great, with most of the trouble now coming from Olive Garden.
- Admittedly, the business's results in Aug. were better than in previous months, but with the situation looking dour, the company might want to pay more attention to Starboard Value's suggestions.