Principal Financial Group Inc. lessened its holdings in shares of Darden Restaurants, Inc. (NYSE:DRI – Free Report) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,005 shares of the restaurant operator’s stock after selling 3,185 shares during the period. Principal Financial Group Inc. owned about 0.12% of Darden Restaurants worth $26,461,000 at the end of the most recent reporting period. Get Darden Restaurants ...

Darden Restaurants announced on Tuesday that it will close its Bahama Breeze chain after nearly 30 years in operation.The Orlando-based company said it will permanently shut down 14 of Bahama Breeze’s 28 restaurants, while converting the remaining locations into other Darden brands.Restaurants designated for permanent closure will continue operating through April 5, Darden said.The conversion of the remaining 14 locations is expected to take 12 to 18 months. Those restaurants will continue operating until a ...

Olive Garden parent company Darden Restaurants has announced that it will shut down its Bahama Breeze restaurant chain for good. But in an unusual move, some current Bahama Breeze locations will live ... ...

JD and Kyle Shoot Stock/iStock Editorial via Getty Images Listen below or on the go via Apple Podcasts and Spotify Darden (DRI) decides to pull the plug on the Bahama Breeze chain. (00:14) AMD slides even as Q4 results, guidance surge past Wall Street estimates. (01:13) Walmart (WMT) reaches $1 trillion market value. (02:33) This is an abridged transcript. Darden Restaurants (DRI) announced that it will permanently close 14 of the company's 28 Bahama Breeze restaurants and convert the remaining 14 lo ...

JD and Kyle Shoot Stock/iStock Editorial via Getty Images Listen below or on the go via Apple Podcasts and Spotify Darden (DRI) decides to pull the plug on the Bahama Breeze chain. (00:14) AMD slides even as Q4 results, guidance surge past Wall Street estimates. (01:13) Walmart (WMT) reaches $1 trillion market value. (02:33) This is an abridged transcript. Darden Restaurants (DRI) announced that it will permanently close 14 of the company's 28 Bahama Breeze restaurants and convert the remaining 14 lo ...

Core Viewpoint - Darden Restaurants is closing 14 of the 28 Bahama Breeze locations in the US as part of a strategic review, with plans to convert the remaining sites to other brands within its portfolio [1][4]. Group 1: Closure Details - The closures will affect locations in several states, including Delaware, Georgia, Michigan, New Jersey, North Carolina, Virginia, and Florida, as well as sites in King of Prussia and Pittsburgh, Pennsylvania [2]. - The restaurants marked for closure are expected to continue operating until April 5, 2026 [2]. Group 2: Conversion Plans - Darden plans to convert the remaining 14 Bahama Breeze locations over the next 12 to 18 months, with temporary closures occurring as needed for the conversion work [3]. - The specific brands that will take over the converted sites have not yet been disclosed, but the company believes these locations will benefit several brands in its portfolio [3]. Group 3: Financial Impact and Support - Darden does not anticipate that the closures and conversions will have a material impact on its financial results [4]. - The company emphasizes its commitment to supporting team members, aiming to place as many as possible in roles within the Darden portfolio [4].

The Bahama Breeze restaurant chain is closing, with half of the restaurants being shuttered and the other half converting to parent company Darden's other brands. ...

Darden Restaurants, Inc. (NYSE:DRI) shares traded higher on Tuesday after the company finalized its review of the Bahama Breeze brand.The casual dining operator said it completed an evaluation of strategic alternatives for the Caribbean-themed chain.Darden previously signaled that the 28 Bahama Breeze restaurants no longer fit its long-term growth priorities.The company explored options, including a potential sale or brand conversion.Darden now plans to permanently shut 14 Bahama Breeze restaurants and will ...

ORLANDO, Fla., Feb. 3, 2026 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE: DRI) today announced that it has completed its exploration of strategic alternatives for Bahama Breeze. Previously, the company announced that the Bahama Breeze brand, and its 28 locations, were no longer a strategic priority and that it would consider strategic alternatives, including a potential sale of the brand or converting restaurants to other Darden brands. The company has now determined that it will permanently cl ...

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