Business

Olive Garden, Red Lobster sales continue to slide

By CANDICE CHOIMICHELLE CHAPMAN
Published June 20, 2014 3:56pm ET
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Olive Garden, Red Lobster sales continue to slide
In this May 22, 2014 photo, patrons exit an Olive Garden Restaurant, a Darden restaurant brand, in Short Pump, Va. Darden's fiscal fourth-quarter profit dropped 35 percent, dragged down by charges and costs tied to its strategic plan to reshape the restaurant company. (AP Photo/Steve Helber) | Steve Helber

NEW YORK (AP) — Darden said Friday that sales continued to slide at Olive Garden and Red Lobster, with other costs dragging down its profit by 35 percent in the latest quarter.

The results fell short of Wall Street expectations, and shares were down 2.5 percent in midday trading.

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Food and Beverage