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Inflation bites into profits at Olive Garden restaurants

Por: Orlando Sentinel Business December 17, 2022

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Sales at Orlando-based Darden Restaurants climbed 9.4% to $2.49 billion in the quarter ending Nov. 27, but profits at its Olive Garden chain fell because of high inflation, company executives said Friday. Olive Garden sales came in at $1.176 billion in the quarter, up from $1.077 billion in the same period last year, but the chain’s profit was $218.9 million, down from $235.1 million last year, the company’s earnings report showed. Olive... + full article



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