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Stock impact report

Iconic restaurant chain closes its last locations after 30 years [Yahoo! Finance]

Darden Restaurants, Inc. (DRI) 
Last darden restaurants, inc. earnings: 3/19 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Darden Restaurants Inc., the corporate conglomerate behind popular dining chains such as Olive Garden and Longhorn Steakhouse, confirmed it shuttered all 28 of its remaining Bahama Breeze outposts, MassLive previously reported. The chain's last day was April 5. Representatives for Darden said the shutdown occurred because the brand was no longer “a strategic priority.” “The company has now determined that it will permanently close 14 Bahama Breeze restaurants and plans to convert the remaining 14 locations into another Darden brand,” the company said in a statement Founded in 1996, the chain was designed to offer guests “Caribbean-inspired food, handcrafted drinks and a vibrant island atmosphere.” Despite the total closure of the tropical-themed establishments, corporate leadership noted the move will not severely impact its bottom line. “The company does not expect these actions to have a material impact on its financial results,” the statement read. Of the remaining e Show less Read more
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