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Olive Garden added Pumpkin Cheesecake to its seasonal favorites menu. The dessert, topped with whipped cream, caramel<br />

sauce and ginger cookie crumbles, is offered for $5.95. (Company Website)<br />

Olive Garden debuted its Chicken & Gnocchi Veronese entrée. The dish features sautéed chicken with traditional Italian<br />

dumplings and roasted red peppers in a Parmesan and ricotta cheese sauce. (Company Website)<br />

Olive Garden premiered five new drinks for $7.75 each. Beverage additions include: • Strawberry-Limoncello Martini—Smirnoff<br />

Citrus vodka, Caravella Limoncello and strawberries • Pomegranate Margarita Martini—Patrón Silver, Citronage orange<br />

liqueur, pomegranate syrup and fresh juices • Mango Martini—Malibu mango rum, mango purée and citrus juices • Chocolate<br />

Martini—Godiva chocolate liqueur, Smirnoff Vanilla Twist vodka and cream • Raspberry Sorbeto Martini—Smirnoff vodka,<br />

Chambord black raspberry liqueur and cream, with a float of berry sorbet (Company Website)<br />

Personnel |<br />

Clarence, Jr. Otis, CEO<br />

Brad Richmond, CFO<br />

Andrew Madsen, COO<br />

John Caron, V.P. of Marketing<br />

News & Other |<br />

Olive Garden reported October same-store sales grew 1%–2%. (Company Release 11/3/06)<br />

Darden Restaurants Inc. reported for the second quarter ended November 26 net earnings increased 17% to $61.7 million<br />

from $55.1 million for the same period last year. Revenues grew 4.5% to $1.39 billion. Same-store sales rose 2.9% at Olive<br />

Garden and 0.7% at Red Lobster. (Company Release 12/19/06)<br />

Darden Restaurants Inc. announced that its 1,267 Red Lobster and Olive Garden restaurants in North America will switch to a<br />

trans fat-free frying oil. The company did not offer a timeline for when trans fats would be eliminated from breading, salad<br />

dressings and other foods that currently contain partially hydrogenated oil. Darden also did not say whether or not its smaller<br />

chains would make the change. Over 100 Red Lobster and Olive Garden units have already switched to the trans fat-free<br />

frying oil. (NRN Daily NewsFax 12/14/06)<br />

Fish and seafood items are being removed from the menu because of concerns about the sustainability of certain species.<br />

According to a recent report in Science from leading ecologists and economists, it was theorized that the world would run out<br />

of seafood by 2048 if declines in marine species continue at the current rate. The report said that overfishing, pollution and<br />

other environmental factors are destroying wild fisheries and threatening the ocean’s ecological balance. The seafood industry<br />

has said that the study is too alarmist. Many restaurants, however, are making adjustments. Darden Restaurants, which owns<br />

Red Lobster, Olive Garden, Smokey Bones and Bahama Breeze brands, and Compass Group’s America division have both<br />

declared changes in seafood purchasing habits based on sustainability concerns. The study also found that nearly one-third of<br />

commercially fished species have already been depleted to the point where catches are now only 10% of historic highs. These<br />

include bluefin tuna, Atlantic cod, Pacific salmon and Alaskan king crab. The study also says that it is not too late to reverse<br />

the trends. Several environmental groups are working to help consumers, restaurants, distributors and retail stores make<br />

responsible choices. (Nation’s Restaurant News 11/27/06 p1)<br />

Olive Garden reported December same-store sales increased 1%. (Company Release 1/4/07)<br />

Olive Garden is being sued by guests who ate at an Indiana unit where a norovirus outbreak sickened almost 400 customers.<br />

The lawsuit alleges negligence and breach of warranty on the part of the restaurant’s owners, Darden Restaurants Inc. The<br />

restaurant in question was closed for three days after several guests fell ill with flu-like symptoms. Three Olive Garden<br />

employees tested positive for norovirus. (NRN Daily NewsFax 12/21/06)<br />

Olive Garden reported January same-store sales rose 2%. (Company Release 2/1/07)<br />

Olive Garden has achieved 50 consecutive quarters of same-store sales growth. The growth is a milestone for the restaurant<br />

and the casual dining industry. Olive Garden is currently the leading restaurant in the Italian dining segment with more than<br />

$2.6 billion in annual sales. (Company Release 3/22/07)<br />

©Technomic Information Services 2007, CIS profiles may not be copied or distributed in any print or electronic format without a license or written consent.<br />

Technomic believes that its sources of information are reliable, but does not assume any responsibility or liability for the accuracy of the information<br />

published.<br />

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