Olive Garden and Red Lobster parent Darden Restaurants reported a 37% drop in profits for the fiscal second quarter, as same-store sales at its three main casual chains fell 2.7%. The company, which has been struggling to regain its footing since the recession, said earlier this week it will focus more resources on developing its higher-end specialty chains including Capital Grille, Bahama Breeze and the recently acquired Yard House.

Related Summaries