Ceo Of Company Behind Olive Garden Says Food Prices Expected To Rise 4 Percent This Year
Many restaurants and restaurant companies have sought to offset soaring prices for labor and food by raising prices for customers, which many appear to be willing to pay. This includes Darden Restaurants, which owns such brands as Olive Garden, LongHorn Steakhouse, Yard House, Bahama Breeze and Seasons 52, according to the company’s website. Gene Lee, Darden’s CEO, recently told investors that this is “the toughest inflationary environment we’ve seen in years....