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Olive Garden parent company Darden beat earnings expectations Thursday, with revenues of $2.73 billion and earnings per share of $1.78 (four cents higher than analysts had forecast). That was the ...
Olive Garden had previewed its plans to bring the popular dishes out of retirement during a Sept. 19 earnings call with investors, but didn’t reveal an exact launch date at the time. Rick ...
The last time Darden Restaurants, Olive Garden’s parent company, brought back the promotion for a limited time was in 2019, and sales only increased marginally, according to Business Insider.
In 2011, Olive Garden implemented a mandatory tip-out program which allowed them to cut more of their employees' hourly wages to $2.13 per hour. [12] In October 2012, Olive Garden became one of the first national restaurant chains to test converting most of its staff to part-time, aiming to limit the cost of paying for health care benefits for ...
In 2011, the Utah State Legislature passed a ban on happy hours. In July 2011, Pennsylvania extended the period of allowable time for happy hour from two hours to four hours. [17] In June 2012, happy hour became legal in Kansas after a 26-year ban. [18] In July 2015, a 25-year happy hour ban was ended in Illinois. [19]
While Olive Garden and other Darden chains are waiting to feel the full benefit of leaning into its competitive edge over fast food, some fast-casual restaurants are already winning.
Canadians and Americans generally do not go home for lunch, and lunch rarely lasts more than an hour except for business lunches, which may last longer. In the United States the three-martini lunch – so called because the meal extends to the amount of time it takes to drink three martinis – has been making a comeback since 2010. [26]
Over the course of the fiscal year, Olive Garden hiked prices up about 3.5%, compared to roughly 4% across Darden’s brands, which include LongHorn Steakhouse, Eddie V’s and Cheddar’s Scratch ...
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