Olive Garden hiking menu prices again — despite admitting losing customers to inflation
Darden Restaurants(DRI) New York Post·2024-06-21 03:01
Olive Garden said it plans to keep raising its menu prices — even as top executives admitted that sales dropped in the latest quarter as inflationhammered customers pulled back on visits. According to financial chief Raj Vennam, "The pullback is mostly at the below-median household income," adding, "our other [customer] groups are stable or growing." They will rise again this month, executives said, without giving specifics. "Last year we had a little too high profit margin," Vennam said. "It was industry l ...