Food News Pop: Darden 4Q Adjusted Profit Misses

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Food News Pop: Darden 4Q Adjusted Profit Misses

by Wochit 0:42 mins

Food News Pop: Darden 4Q Adjusted Profit Misses

by Wochit 0:42 mins

Darden's which owns restaurant chains Olive Garden, Red Lobster and LongHorn Steakhouse saw its fourth-quarter net income fell 12% on rising costs and expenses. The U.S. Department of Agriculture's Food Safety and Inspection Service announced that more than 22,000 pounds of beef are feared contaminated with E. coli. Fifteen Senators raised questions about government oversight of the proposed purchase of Smithfield Foods Inc by Chinese food company Shuanghui International.

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