Tuesday, 19 June 2007

Darden posts 4th-qtr loss on Smokey Bones charge

(Reuters) - The owner of such restaurant chains as Olive Garden and Red Lobster posted a fourth-quarter net loss of $55.1 million, or 38 cents per share, compared with net income of $92.3 million, or 60 cents per share, a year ago.



Excluding the one-time charge related to Smokey Bones, Darden reported earnings of 67 cents per share.


Read more at Reuters.com Market News

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