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Bonneville Seattle is raising funds for the construction of a second Fisher House at Joint Base Lewis-McChord in Tacoma and we need your help.News Summary: Darden cuts outlook
December 4, 2012 @ 2:09 pm
(AP) - BAD TASTE: Darden Restaurants Inc. is cutting its profit forecast for the year, with the owner of Olive Garden and Red Lobster blaming failed promotions and negative publicity.
SLICING PROFITS: The company expects costs related to its acquisition of the Yard House USA Inc. chain and from Superstorm Sandy to reduce profit from continuing operations by 25 or 26 cents per share.
ANALYST ANGST: Analysts had expected earnings of 46 cents per share. Darden's stock tumbled nearly 10 percent on Tuesday.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.