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But companies at the ICR Conference reveal the industry’s conflicting challenges regarding sales.
The cash influx comes on the heels of recent store closures.
The chain, which has just passed the 300-store mark, says the money will go toward expansion this year.
This year saw some challenging developments.
While the loss is significant and won’t reflect positively in quarterly reports, this story does not necessarily have the dire ending many forecasted.
Despite higher costs, chains say the industry must be cautious about raising prices.
The company said its same-store sales are down 5.1% this quarter.
Olive Garden’s owner says reform will lower its tax rate by 600 basis points.
The chain expects as much as a 10-percentage-point improvement in its tax rate, thanks to reform.
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