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Traffic Slump at Olive Garden, Red Lobster, LongHorn; Smaller Plates, Cheaper Items at Olive Garden

Joseph64 Wrote: Mar 04, 2013 4:07 PM
The bigger reason why they can't raise rates is that there are still a lot of adjustable rate mortgages that didn't go into arrears when they lowered rates that will go into arrears if they raise them and the housing crisis will be exacerbated.

High gasoline prices coupled with 2% payroll tax hikes is going to take a bite out of restaurant sales this year. For some chains the slump has already started.

Consider Darden Restaurants, the owner of Olive Garden, Red Lobster, LongHorn Steak House. Darden Restaurant Traffic is down an average 4.5, with Red Lobster leading the pack down 7.5%.

Smaller Plates, Cheaper Items at Olive Garden

At Olive Garden,