When you consider free breadsticks, limitless salad and kilos of pasta, one title involves thoughts — Olive Garden.
But the Italian eatery, recognized for its $5 take-home meal, has fallen on onerous instances because the coronavirus pandemic has wreaked havoc on the restaurant trade. In December, Darden Restaurants reported Olive Garden's fiscal second-quarter same-store gross sales fell 19% from a 12 months earlier.
According to the National Restaurant Association, greater than 110,000 bars and eating places within the U.S have closed completely or long-term because of Covid-19. Lost gross sales are anticipated to succeed in $240 billion in 2020.
In response to the pandemic, Olive Garden has trimmed its menu, pivoted to takeout and reduce prices. Are these modifications sufficient for Olive Garden to regain its momentum and offset the general decline of the dine-in restaurant expertise? Watch the above video to search out out extra.
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based mostly on website supplies www.cnbc.com