As fast casual and fast food chains continue to grapple with inflation and related costs, another American restaurant has announced it is raising menu prices to offset expenses.
Olive Garden, whose parent company Darden Restaurants announced its fiscal Q4 and full year 2024 earnings on Thursday, said it expects prices to slowly increase to keep in line with inflation over the next year.
“The good news on pricing is we’ve actually kept pricing very modest over the last five years, so we do expect pricing for this year to be more in line with inflation, so in that 2.5% to 3% [increase] range, probably,” Darden Restaurants CFO Raj Vennam said during
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