New York CNN —
High lettuce costs are coming for Olive Garden’s never-ending salad.
Darden Restaurants, which owns the casual dining chain in addition to Longhorn Steakhouse, Cheddar’s Scratch Kitchen and other restaurant chains, said that a spike in wholesale lettuce prices led to a big hit in the quarter ending November 27.
“It was, call it, $4 million to $5 million impact in the quarter,” Darden CFO Raj Vennam said during a Friday analyst call discussing financial results. “That’s meaningful.”
He pointed to “poor growing conditions and weather-related events” as reasons for the price
→ Continue reading at CNN - Business News
