Darden Restaurants CEO Rick Cardenas said high prices at fast food restaurants are benefitting casual sit-down restaurants, like his competitors Chili's Grill & Bar and Applebee's.
Popular Italian restaurant chain Olive Garden expects to raise prices "more in line with inflation" moving forward, parent company Darden said in its earnings call this week.
McDonald’s and Wendy’s have vexed budget-conscious consumers, and chains like Chili’s and Olive Garden are ready to take advantage.