Darden Restaurants Inc., which is selling its Red Lobster chain, said quarterly profit fell 35 percent and forecast annual earnings that trailed analysts’ estimates amid a continued slump in Olive Garden sales.
Any restaurant guide worth its sea salt can tempt readers with descriptions of One if By Land’s foie gras and roasted poussin. To learn that the owner pays the busboys a “living wage” of $9 an hour, and offers paid sick days, diners need a new guide that rates treatment of employees.
Marfrig Alimentos SA, Brazil’s No. 2 beef producer, expects the arrival of international restaurant chains from Longhorn Steakhouse to Olive Garden to drive sales growth as middle-income Brazilians spend more eating out.