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The Latest Breaking News from Olive Garden

Price Hikes Don't Necessarily Translate to Higher Profits

Many big U.S. businesses say they have been able to increase prices this year with limited pushback from customers. Not all the changes are leading to higher corporate profits.

Bangkok Post

This Type Of Restaurant Is Thriving Right Now, Yet Olive Garden Struggles: Here's Why

With food inflation still surging, up 8% for the twelve months ended August, and the Russia-Ukraine war adding to global food constraints, it's easy to see why restaurant brands and operators are experiencing diminishing margins on their bottom line.

Benzinga

Red Lobster offers ‘endless shrimp’ amid its recent woes

Red Lobster is offering customers plate after plate of “endless” shrimp scampi, lightly fried shrimp and shrimp linguini alfredo at a time when the seafood chain might need a boost in business.

Orlando Sentinel

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Earnings Beat, Dividend Hike, New Buyback: Darden Restaurants' Q4 Highlights

Darden Restaurants Inc (NYSE:DRI) reported fourth-quarter FY22 sales growth of 14.2% year-on-year to $2.60 billion, beating the consensus of $2.54 billion. Same-restaurant sales increased 11.7% versus last year. Olive Garden sales increased 8.2%, LongHorn Steakhouse climbed 13.2%, and Fine Dining jumped 40.7%. Darden clocked an operating margin of 13%, and the operating income…

Benzinga

Zach Johnson throws shade on author Rick Reilly to perfection

Fifteen years may have past, but Zach Johnson hasn't forgotten Rick Reilly's bad take.

USA Today Sports Media Group

Omicron leads to 13,000+ Darden employees out sick in January

Darden Restaurants was hit hard by the omicron variant of the coronavirus pandemic in January, with more than 13,000 employees missing work that month, company leaders revealed Thursday.

Orlando Sentinel

A return to Italy for Alison Brie, Jeff Baena in the SXSW premiere ‘Spin Me Round’

AUSTIN, Texas — In their fourth collaboration, “Spin Me Round,” which premiered at the SXSW Film Festival on Saturday, actor Alison Brie and director Jeff Baena follow the manager of an Olive Garden-esque restaurant in Bakersfield, California, on an immersive retreat to Italy.

Los Angeles Times

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