Have We Seen the Last of Bahama Breeze? Here’s What We Know
- Darden Restaurants closed 15 Bahama Breeze locations in May, reducing the chain to 28 restaurants and announced it is considering strategic alternatives for the brand.
- This decision came after Bahama Breeze experienced an almost 8% drop in sales last year and Darden determined that the brand and its remaining locations no longer align with their core strategic focus.
- CEO Ricardo Cardenas said the company made a difficult decision after further review and may sell Bahama Breeze or convert some restaurants into other Darden brands.
- Darden stated the closures were the 'right decision' to focus on higher-performing restaurants, and Cardenas noted the chain could benefit from a new owner.
- This decision aligns with Darden's focus on its core brands amid strong recent financial results as it plans to drive long-term growth and shareholder value.
Insights by Ground AI
Does this summary seem wrong?
17 Articles
17 Articles
All
Left
3
Center
10
Right
1
Have we seen the last of Bahama Breeze? Here’s what we know
After a number of Bahama Breeze restaurants closed in May, Darden Restaurants said recently that the brand is no longer a priority, and the company is considering selling the remaining locations, among other options.Darden Restaurants, which is based in Orlando, closed down 15 Bahama Breeze restaurants in mid-May, five of which were in Florida. This leaves 28 of the highest performing Bahama Breezes, according to an earning’s call on June 20 fro…
·Orlando, United States
Read Full ArticleCoverage Details
Total News Sources17
Leaning Left3Leaning Right1Center10Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 21%
C 71%
Factuality
To view factuality data please Upgrade to Premium