Jim Nuetzi has a lot on his plate: reinventing a stale pasta menu that can boost sales and help get activist investors off his bosses’ back.
Olive Garden is beefing up its menu - - literally.
Olive Garden, purveyor of the Never Ending Pasta Bowl, has discovered portion control.
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.
"We have met with many Darden shareholders who support new perspectives but also recognize the risks of the total turnover and control that Starboard is seeking."
- Olive Garden on Sep 25, 2014