While the majority of restaurants have turned to delivery options to boost profits, there are still a few holdouts.
Darden (NYSE: DRI), the parent company of banners like Olive Garden and Longhorn Steakhouse, is one of them. The full-service restaurant magnate this week told investors on its first-quarter 2023 earnings call that its decision to not offer delivery has shielded it from a negative impact on margins.
“With margins being basically the same for us on off-premise versus on-premise,...
https://www.freightwaves.com/news/why-olive-garden-longhorn-steakhouse-refuse-to-deliver