Business

Market Movers

Restaurant operator slumps on outlook

Darden unveiled a new logo for its Olive Garden. Officials aim to bring a ‘‘brand renaissance’’ to the chain.

Darden Restaurants via AP

Darden unveiled a new logo for its Olive Garden. Officials aim to bring a ‘‘brand renaissance’’ to the chain.

Advertisement

Darden Restaurants Inc., the parent of Olive Garden and Red Lobster, slumped after the company said rough winter weather is expected to reduce quarterly results as sales continue to slide at its two flagship chains. It said sales are expected to drop 5.4 percent at Olive Gardens open at least a year. At Red Lobster, which Darden still expects to spin off or sell, the figure is expected to fall 8.8 percent. For the period, Darden expects to earn about 82 cents per share, short of an expected $1.02.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.