Mr. Shaman
Senior Member
- May 4, 2010
- 23,892
- 822
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"Ever since Darden Restaurants the owner of the Olive Garden and Red Lobster chains first announced its anti-Obamacare campaign, the company has had a tough couple of months. Darden admitted as much when it revised its predictions for latest quarterly earnings down in December, attributing the drop to recent negative media coverage on Darden [...] and how we might accommodate healthcare reform.
The negative press led the company to reverse course on its threat to shift employees to part-time status to avoid covering them under Obamacare. The latest report on Dardens earnings prove that was a good move, since the restaurants did take a turn for the worse as a result of their bad publicity. Its net income fell 37 percent."