Darden Restaurants, Inc.
The Darden family of restaurants features some of the most recognizable and successful brands in full-service dining: Olive Garden ®, LongHorn Steakhouse ®, Cheddar’s Scratch Kitchen ®, Yard House ®, The Capital Grille ®, Seasons 52 ®, Bahama Breeze ® and Eddie V’s ®.
Outback Steakhouse parent Bloomin’ Brands Inc. Such pressures have hurt Olive Garden parent Darden Restaurants Inc., DRI 0.73% which also owns Red Lobster and Outback competitor LongHorn Steakhouse. Darden’s business has fluctuated over the past year as it deals with higher food costs and tougher competition.
“More than 99% of our restaurants remain open, with the remaining restaurants temporarily closed due to limited demand or other operational constraints,” Darden CEO Gene Lee said in a statement. “We will continue to evaluate potential closures on an ongoing basis,” the CEO said.
Darden Restaurants, Inc. As of April 2017, the firm owns two fine dining restaurant chains: Eddie V’s Prime Seafood and The Capital Grille; and six casual dining restaurant chains: Olive Garden , LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House and Cheddar’s Scratch Kitchen.
Olive Garden gift cards can be redeemed at any Darden restaurant including LongHorn Steakhouse, Olive Garden , Bahama Breeze, The Capital Grille, Yard House, Eddie V’s or Seasons 52. Please note that lost or stolen gift cards will not be replaced.
(AP) — Darden Restaurants said it will sell its Red Lobster chain to investment firm Golden Gate Capital for $2.1 billion. The company, which also owns Olive Garden , announced late last year that it planned to spin off or sell Red Lobster to improve its financial performance.
If Darden focuses more on Longhorn Steakhouse, what would this mean for Outback Steakhouse, owned by Bloomin’ Brands (NASDAQ:BLMN), and Texas Roadhouse (NASDAQ:TXRH)? Longhorn Steakhouse was purchased by Darden Restaurants in 2007. Darden has about 464 Longhorn Steakhouse locations.
Restaurant Business called out Red Lobster as “one name to watch” in a line of restaurants that may be going bankrupt next. The chain had its credit rating downgraded earlier this year, placing it in the “poor quality and high credit risk” category.
Out of this environment emerged three American casual dining giants: TGI Fridays ($PRIVATE:TGIFRIDAYS), owned by private investment firm Sentinel Capital Partners, Chili’s ($EAT), owned by Brinker International, and Applebee’s ($DIN), owned by Dine Brands Global.
Outback Steakhouse and LongHorn Steakhouse are both popular steakhouse chain restaurants. The quality of the food at LongHorn was better , and I was especially impressed by the house margarita and the signature appetizer. However, the fantastic service at Outback set a sky-high bar that LongHorn fell far short of.
“ Better than Texas Roadhouse ” We were actually told by a waitress at Texas Roadhouse that Longhorn’s steaks are a higher grade, which is why they are more expensive. Regardless, the food is better here. Is LongHorn Steakhouse more expensive than Texas Roadhouse ?
|Crispy Buttermilk Chicken Tenders Salad||$9.79|
We were actually told by a waitress at Texas Roadhouse that Longhorn’s steaks are a higher grade, which is why they are more expensive. Regardless, the food is better here. The price is high for the quality of food you receive, but it’s still better than Texas Roadhouse .