Julie Morgan

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I'm your host, Julie Morgan.

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Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's always good to be with you.

Today is Wednesday, February 4th.

I'm Julie Morgan.

This first story has been trending.

Darden Restaurants announces that it is closing Bahama Breeze.

14 of the restaurants will permanently close and the other 14 will convert into other concepts within the Darden portfolio.

The company does not anticipate that the closures will have a material impact on its overall financial results.

The units slated for closure are expected to remain open through early April, while the conversions will roll out over the next year to year and a half, with affected restaurants operating until temporary shutdowns are needed to complete the remodels.

Darden did not disclose which brands will replace the converted Bahama Breeze locations.

Bahama Breeze was created by Darden in the mid-1990s as a Caribbean-themed casual dining concept, with the first restaurant opening in 1996 on Orlando's International Drive.

DRI closed Tuesday nearly 2.3% in the green.

AMD is down 7.3% in pre-market action, even after reporting fourth quarter results and guidance that were well above Wall Street's forecast.