Olive Garden CFO warns of price increases ‘with inflation’ as customers blast chain for ‘playing with other folks money’ ...Middle East

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OLIVE Garden has warned of potential menu price increases for customers this year. The chain said it would adjust costs to match inflation rates, something it hadn’t necessarily been doing for some time. GettyOlive Garden expects to increase menu prices in 2024[/caption] GettyThe cost bumps come as the restaurant deals with inflation rates[/caption] Raj Vennam, CFO for Darden Restaurants — Olive Garden’s parent company — detailed the decision in an earnings call on Thursday. Vennam explained prices would be “more in line with inflation” at about 2.5 to 3% increases spread throughout 2024. The CFO explained that Olive Garden had kept its menu costs “very modest” in the past

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