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Tue Dec 4, 2012, 11:32 AM

Darden cites failed promotions for lower outlook

Source: WSBTV ABC Atlanta

Darden Restaurants Inc. is cutting its profit forecast for the year, with the owner of Olive Garden and Red Lobster blaming failed promotions and negative publicity generated by its tests to limit health care costs for workers.
The company's stock tumbled nearly 10 percent.

Read more: http://www.wsbtv.com/ap/ap/labor/darden-cuts-outlook-cites-failed-promotions/nTMWJ/



How's that lower healthcare cost working out?

11 replies, 1904 views

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Response to daa (Original post)

Tue Dec 4, 2012, 11:37 AM

1. Working out great for the competition!

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Response to daa (Original post)

Tue Dec 4, 2012, 11:40 AM

2. Red Lobster and Olive Garden are to food

Like Ripple to fine French wine.

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Response to Fuddnik (Reply #2)

Tue Dec 4, 2012, 12:11 PM

8. Olive Garden always disappoints, so I just stopped going. Haven't tried Red Lobster. nt

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Response to daa (Original post)

Tue Dec 4, 2012, 11:42 AM

3. Dontcha just love it when the public votes with their money?

Papa John's, Denny's, Applebees, and now this.

It's clearly a case of projection on the part of the owners. Because every last penny is more important to them than the welfare of their employees, they assume that their customers would gladly see those employees shafted in order to save a couple of cents on their tab.

When are the dumb shits in charge going to learn that a whole lot of their customers see food service employees as actual human beings who deserve fair treatment?

(Hint: If you can answer that question, you can make a fortune selling ice skates in the Nether Realms.)

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Response to daa (Original post)

Tue Dec 4, 2012, 11:45 AM

4. I have never worked anywhere which showed as much disregard for its workers as Red Lobster.

Everything was a zero tolerance policy. We spent most of the day locked indoors, with very few opportunities for raises, with any breaks being frowned upon and a tremendous amount of pressure to work incredibly quickly while trying to do three jobs at once. It was the least rewarding job I ever had. Everything about their policies and the way they treated their workers reeked of extreme conservatism. If they falter for their lack of integrity and humanity, they have no one to blame but themselves.

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Response to daa (Original post)

Tue Dec 4, 2012, 11:53 AM

5. This is one of the worst organizations in the business.

They are currently being sued on FLSA minimum wage violations as well.

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Response to Ash_F (Reply #5)

Tue Dec 4, 2012, 11:59 AM

7. Good, I hope the workers win

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Response to daa (Original post)

Tue Dec 4, 2012, 11:59 AM

6. Money is the only language these people understand

You can appeal to their sense of values to do the right thing, you have to reward or punish them with cash first.

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Response to daa (Original post)

Tue Dec 4, 2012, 12:39 PM

9. BTW, your food sucks. Hint: leave it in the microwave until it is warm in the center.

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Response to daa (Original post)

Tue Dec 4, 2012, 01:03 PM

10. Its tests to limit healthcase? Really, that's how they're spinning it.

Another Repugnant organization that bought the Rove overconfidence. They all thought that Mittens would win, and win big. So big that ACA would be overturned and they wouldn't have to pay for anyone's healthcare. The one good thing that came with that delusion is that it helped us progressives identify the wingnuts so we'll know what places to avoid. So long OG, so long RL, and take Papa Johns, Dominos, and Denny's with you.

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Response to daa (Original post)

Tue Dec 4, 2012, 04:23 PM

11. Thanks for the heads up - bought some @47.00

I make a decent second income trading in panic-sold profitable companies when they issue bad news. The market always overreacts. This one even carries a 4% dividend if it does languish for a while. I expect not in this case and think most likely will recover the 2-3% I normally take within a few days or weeks at most. Will it recover the whole 10%? No idea and no care personally - but I like these schadenfreude buys - they are reliably lucrative.

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