Olive Garden turnaround attributed to a better menu
December 21, 2016
Two years ago, activist hedge fund Starboard Value assumed control of Darden Restaurants and made a makeover of Olive Garden’s menu a big part of its mission to get the company back on track. It appears that consumers were pleased with the changes. Following Darden’s quarterly report of strong earnings yesterday — largely attributed to higher same-store sales at Olive Garden — shares spiked nearly 3 percent and are now up over 20 percent for the year.
Recent News
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.
National Pretzel Day Deals Await
April 26 marks National Pretzel Day, honoring one of America’s cherished snacks.