NYSE:DRIHospitality
Smokey Bones Closure Puts Darden Restaurants Valuation And Brand Decisions In Focus
Smokey Bones, the barbecue chain originally founded by Darden Restaurants, has been fully closed after a 27 year run.
The shutdown ends a long standing brand legacy that traces back to Darden’s earlier expansion in American casual dining.
Although Darden no longer owns Smokey Bones, the closure adds context for investors tracking NYSE:DRI and the broader barbecue and casual dining space.
Darden Restaurants, trading as NYSE:DRI, is coming off a mixed share performance backdrop, with the...