financetom
Business
financetom
/
Business
/
Darden Restaurants Considering Options for Bahama Breeze Restaurant Chain, CEO Says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Darden Restaurants Considering Options for Bahama Breeze Restaurant Chain, CEO Says
Jun 20, 2025 8:52 AM

11:37 AM EDT, 06/20/2025 (MT Newswires) -- Darden Restaurants ( DRI ) Chief Executive Officer Rick Cardenas said Friday that the company is considering strategic alternatives for its Bahama Breeze ( DRI ) restaurant chain, according to a FactSet transcript.

During the company's Q4 earnings call, Cardenas said Bahama Breeze ( DRI ) is no longer a strategic priority for Darden Restaurants ( DRI ) and potential alternatives for the brand include a possible sale or the conversion of remaining restaurant locations to other Darden brands.

According to Cardenas, the company decided to close 15 Bahama Breeze ( DRI ) locations in May, leaving only the 28 top performing locations in the Darden portfolio.

Shares were up 2% in recent trading.

Price: 227.16, Change: +4.41, Percent Change: +1.98

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
HEALWELL AI Announces Agreements with WELL HEALTH USA, Circle Medical, For AI-Based Preventative Care Solutions to U.S. Market
HEALWELL AI Announces Agreements with WELL HEALTH USA, Circle Medical, For AI-Based Preventative Care Solutions to U.S. Market
Mar 14, 2024
08:23 AM EDT, 03/14/2024 (MT Newswires) -- HEALWELL AI Inc. (AIDX.TO), a healthcare technology company focused on AI and data science for preventative care, signed Thursday services agreements with each of WELL Health USA and its affiliate Circle Medical Technologies Inc., a subsidiary of WELL Health Technologies Corp. ( WHTCF ) , bringing artificial intelligence powered preventative care solutions to...
Tidewater Midstream and Infrastructure's Q4 Loss Widens; Provides Outlook for 2024
Tidewater Midstream and Infrastructure's Q4 Loss Widens; Provides Outlook for 2024
Mar 14, 2024
08:21 AM EDT, 03/14/2024 (MT Newswires) -- Tidewater Midstream and Infrastructure Ltd. ( TWMIF ) on Thursday reported a fourth-quarter net loss attributable to shareholders of $329.4 million, or $0.77 per basic share, wider than a loss of $42 million, or $0.10 per basic share, a year earlier. Adjusted EBITDA for the quarter ended Dec. 31, 2023, was $10.7 million,...
Schneider Electric to invest $140 million to boost U.S operations
Schneider Electric to invest $140 million to boost U.S operations
Mar 14, 2024
March 14 (Reuters) - French electrical equipment maker Schneider Electric said on Thursday it plans to invest $140 million this year to boost its U.S. manufacturing operations and hire more staff. The company will upgrade a building in Mt. Juliet, Tennessee, as well as its manufacturing operations in Smyrna, Tennessee, it said in a statement. Schneider said it expects to...
Sector Update: Consumer
Sector Update: Consumer
Mar 14, 2024
08:17 AM EDT, 03/14/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Thursday with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 0.16% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently advancing by 0.10%. Turtle Beach ( HEAR ) jumped 29% after the company reported Q4 earnings of $0.47 per diluted share, compared with a loss...
Copyright 2023-2026 - www.financetom.com All Rights Reserved