Darden cuts 2013 outlook as sales fall

12/4/2012 | Wall Street Journal, The · Reuters

Olive Garden and Red Lobster parent Darden Restaurants cut its sales growth forecast for fiscal year 2013 amid a fall-off in business at its restaurants, CEO Clarence Otis said Tuesday. "Our disappointing results for the quarter point to the need for bolder changes in the promotional approach at our three large brands," he said.

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Wall Street Journal, The · Reuters

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