NEW YORK (AP) — Darden Restaurants is pulling back on price increases and the pace of new restaurant openings for its flagship Olive Garden chain, as the company works to update its struggling brands.
Darden will open about 15 new Olive Gardens annually for the next couple of years, down from the 36 per year that it had been opening. The number of new openings a year could fall even lower after 2014 if business conditions worsen, the company said Monday.
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