Darden Stock Gains As It Plans To Close 14 Bahama Breeze Restaurants

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 ...