Pandemic slashes sales at Olive Garden’s Times Square location by 94%


An Olive Garden restaurant located in Times Square, New York.

Adam Jeffery | CNBC

During a typical year, Olive Garden’s Times Square restaurant rakes in $15 million in sales.

But the coronavirus pandemic and local restrictions on dining have wiped out the business of the chain’s best location, cutting its average weekly sales from $300,000 to less than $18,000.

Darden Restaurants CEO Gene Lee told analysts on the company’s fiscal first-quarter call that sales have slowed down to just $2,500 a day for the takeout-only location. Olive Garden accounts for roughly half of Darden’s overall revenue.

And the Olive Garden isn’t the only Darden restaurant that has seen its New York business falter….


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