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Olive Garden comeback: Darden Restaurants' 3rd-quarter profit up

Olive Garden comeback: Darden Restaurants' 3rd-quarter profit up

Maybe it's Marilyn Hagerty working her magic: Olive Garden  is reversing out of a long slump with more visitors and better sales. A few weeks after the elderly North Dakota reviewer’s piece on a new Olive Garden restaurant in Grand Forks went viral, the chain’s parent company, Darden Restaurants Inc., said its fiscal third-quarter profit soared more than 8% to $164.1 million, or $1.25 a share, from $151.7 million, or $1.08, in the same period a year earlier. Sales were improving, the company said, with a 9.3% jump to nearly $2.2 billion from less than $2 billion. Same-store revenue at Darden’s three major restaurant chains -- Olive Garden, Red Lobster and...

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