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

paulinho Wrote: Mar 04, 2013 11:03 AM
we have given up on eating out too. We are on a fixed income and every restaurant bill for two, even eating the less expensive items, is always over $25.. We are now eating (really drinking) two green smoothies a day, containing nothing but two or three fresh greens, various fruits and eating a modest lunch of freshly-made veggie soups etc. We have lost a pound a day for two weeks and feel better than ever. Here in our city, several restaurants have gone belly up and more are soon to follow. The fast food joints still do well selling their fat-laden foods sure to kill people sooner rather than later.

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,