Darden Monday provided that latest update into its COVID-19-impacted business. For the fourth quarter through April 19, the company’s same-store sales declined 44.7 percent.
Darden has managed to keep 99 percent of its restaurants open during the COVID-19 crisis, but remarkable conditions have taken a heavy swipe at sales.
Some casual-dining brands are switching their operation model and increasing liquidity as they chart through several unknowns during the COVID-19 pandemic.
Darden CEO Gene Lee didn’t pretend it was business as usual.
Darden Restaurants, parent of Olive Garden, announced that it now provides paid sick leave to hourly employees amid growing concerns with the coronavirus.
There are two ways to look at any pain point, and that’s the case with Darden and labor.
When Darden first brought Cheddar’s Scratch Kitchen into the fold more than two years ago for $
Darden chief executive Gene Lee admitted he’s “disappointed by the lack of progress in the top line” at Cheddar’s Scratch Kitchen.
The only real kink in Darden’s performance right now is Cheddar’s Scratch Kitchen, the 157-unit chain it spent
Darden’s continued efforts with its latest acquisition, Cheddar’s Scratch Kitchen, will now include recovery from a data breach.