Filed under: Investing
Darden Restaurants just closed out a tough year. Sales at the company's flagship Red Lobster, Olive Garden, and LongHorn Steakhouse locations fell hard this past winter as value-minded customers flocked to cheaper alternatives.
In the following video, Fool contributor Demitrios Kalogeropoulos talks about how Darden has responded to the exodus, noting one recent good sign: a bounce in traffic back to its Olive Garden restaurants. The bad news for investors, though, is that Darden has had to sacrifice profits to get customers back into those booths.
Whether it's with a company like Darden Restaurants, or any other stock, the best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.
The article Can Olive Garden Save Darden Restaurants? originally appeared on Fool.com.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
Read | Permalink | Email this | Linking Blogs | Comments
