Olive Backyard is the beloved dwelling of limitless breadsticks, hearty soups, scrumptious salads, and all kinds of pastas. They’ve been round since 1982 and have been a fan favourite for a few years. They’re additionally considerably of a cult traditional within the American scene however their reputation spans everywhere in the globe.
No. Olive Backyard is just not closing down for good. As you breath a sigh of aid, it’s straightforward perceive why this rumor has gained traction on social media. Relying on the place you reside, you will have seen quite a few Olive Backyard places shut their doorways for good. In consequence, you may assume there’s some fact behind the rumors.
On this article I share all of the Olive Backyard places which have completely closed their doorways. But it surely’s not all dangerous information. Olive Backyard has emerged from the pandemic as a worthwhile firm and is anticipated so as to add items by the tip of 2024. I clarify the small print of this glass half full story under.
Record of Places Closing
The coronavirus pandemic severely impacted the hospitality sector. Roughly 10% of US eating places and meals joints needed to shut down completely as a result of pandemic’s financial results. Even profitable chains like Olive Backyard weren’t resistant to the monetary impacts and sure decrease performing places closed down.
It’s straightforward to see why the rumor that Olive Backyard might be closing gained traction on social media. Over the previous 10 years, quite a few Olive Backyard places have completely closed. However although there are pockets of weak spot for the restaurant chain that doesn’t imply the mannequin is damaged as I’ll clarify in higher element later. In reality, the corporate is definitely in development mode in 2023 and 2024.
With that being mentioned, her is an inventory of Olive Backyard places which are closed for good:
Olive Backyard Downtown Spokane
Date Closed: Could 2015
The Olive Backyard in downtown Spokane closed for good final Could 2015. The rationale that the administration gave was that apparently the restaurant was under-performing.
People who want to nonetheless dine at an Olive Backyard in Spokane can head to their North Level Plaza location in Newport.
Olive Backyard Biddeford
Date Closed: September 17, 2016
The Olive Backyard in Biddeford, Maine closed down final September 2016. It has remained closed for years with no purpose given from the administration as to why they shut down. Prospects who crave for limitless breadsticks can head to the opposite Olive Backyard places in Maine such because the one in South Portland.
The consolation you crave.
Olive Backyard Foremost Place Mall
Date Closed: 2017
Olive Backyard is an old-time favourite in Foremost Place Mall, Santa Ana. Nevertheless, the restaurant closed final 2017. However the excellent news is that they opened proper throughout the mall at Metropolis Place. Outdated prospects received’t completely miss this restaurant when it’s nonetheless positioned in the identical space.
Olive Backyard Route 17
Date Closed: Oct 7, 2019
The Olive Backyard on Route 17 in Ramsey closed final 2019. Their spokesperson Meagan Bernstein mentioned it was a troublesome enterprise choice and one which was thought out very rigorously particularly because it impacts their staff members and company.
She continued so as to add that they proceed to judge the efficiency of their eating places and that the choice to shut the Olive Backyard on Rouet 17 was a part of their analysis course of.
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“Sadly, every so often we’ve to shut eating places,” Bernstein added. “By no means does this replicate on the standard of our staff members’ work, and we’re doing every thing we will to assist each staff member discover a new job. We’re providing everybody on the Ramsey staff the chance to affix different close by Olive Backyard eating places or different Darden eating places. We anticipate most, if not all, of our Ramsey staff members to be supplied new positions this week.”
However fret not as a result of there are 22 Olive Backyard places in New Jersey so you’ll be able to have just a few choices to select from at any time when these pasta and salad cravings hit.
Olive Backyard Crestwood Boulevard
Date Closed: April 20, 2020
Olive Backyard in Crestwood Boulevard closed down final April in 2020 within the midst of the COVID-19 pandemic. That is what Hunter Robinson, Communications Supervisor for Olive Backyard needed to say in regards to the closure:
“Closing this restaurant was a troublesome enterprise choice, and one we made very rigorously and thoughtfully. Whereas this choice is just not a mirrored image of the standard of our staff members’ work, we may now not justify persevering with to function this location given historic gross sales traits. Everybody at the moment engaged on the Eastwood staff will obtain severance pay.”
For individuals who want to get their fill of Olive Backyard, know that there are nonetheless 8 eating places in Alabama so all is just not misplaced.
Rooster Parm anybody?
Olive Backyard Stonestown Galleria
Date Closed: December 5, 2020
Final December 2020, Olive Backyard mentioned goodbye to their Stonestown Galleria department. The signal that was posted on their window learn “We apologize for any inconvenience.” The signal additionally mentioned “We admire what you are promoting and hope to see you quickly.”
Olive Backyard spokesperson Meagan Bernstein had this to say concerning the closure: “Closing this restaurant is a troublesome enterprise choice, and I can promise you it’s one we made very rigorously and thoughtfully, significantly as a result of it impacts our staff members and our company. By no means does this replicate on the standard of our staff members’ work, and we’re doing every thing we will to assist our staff members. We frequently consider the efficiency of all of our restaurant places, and this choice was made as a part of that course of.”
This Olive Backyard location was sort of an enormous deal since this was San Francisco’s solely Olive Backyard. If followers need to dine at Olive Backyard, they’ll nonetheless go to the eating places in Vallejo, Hayward, Fremont, Pittsburg, Rohnert Park, Milpitas, and two eating places in San Jose.
Olive Backyard Proudly owning Mills, Maryland
Date Closed: June 14, 2023
The newest Olive Backyard closure is the restaurant in Proudly owning Mills, Maryland. No purpose was given to the general public as to why this location closed. The one rationalization that the restaurant proprietor disclosed was that their lease was up and so they determined to not renew.
How is the monetary efficiency of Olive Backyard?
Although there have been a number of rumors of Olive Backyard closing for good, you’ll be relieved to know that they continue to be as rumors.
The restaurant big is powerful as ever. Although they admittedly confronted a loss in income by 43% within the 4th quarter of their monetary yr in 2019 to 2020, they’re coming again up. Statista reviews present that their income within the U.S. for the yr 2023 is $4.88 billion which is a rise from their earlier yr’s gross sales of $4.5 billion.
Briefly, Olive Backyard has been capable of face up to the challenges of the pandemic and is transferring ahead into development as soon as once more.
Who owns Olive Backyard?
Olive Backyard is owned by Darden Eating places. Darden Eating places owns quite a few meals manufacturers corresponding to Longhorn Steakhouse, Bahama Breeze Island Grille, Cheddar’s Scratch Kitchen, The Capital Grille, Ruth’s Chris Steakhouse, Yard Home, Seasons 52, and Eddie V’s.
Darden Eating places’ income for the yr 2023 is $10.488 billion which is a rise from their 2022 income which was $9.630 billion.
Is Olive Backyard Including New Places?
You’ll be pleased to know that Olive Backyard remains to be persevering with to develop and so they’ve added extra places in america. In reality, don’t be stunned should you see extra Olive Backyard’s opening in your space by 2024.
Darden Eating places, has introduced plans to open roughly 100 new eating places within the present yr and monetary 2024. This choice comes within the wake of experiencing double-digit gross sales development with customers persevering with to view eating out as an reasonably priced luxurious.
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For fiscal 2023, Darden has up to date its steering to incorporate 55 new restaurant openings. Within the third quarter alone, seven new eating places have been launched, and the corporate goals to open 25 extra within the fourth quarter. This contains roughly 20 new Olive Backyard shops.
Olive Backyard Menu Costs.
For instance, Olive Backyard opened two eating places in Meridian, Idaho and one other in Merced, California. This one occurs to be about 1 mile from my home. The restaurant seems to be packed each time I drive by on the weekends, though I haven’t had the prospect to attempt it myself but. In January of 2023, additionally they opened one other Idaho location in Pocatello.
Whereas Darden is eager on growth, CEO Rick Cardenas emphasised the significance of strategic development, noting the pitfalls of manufacturers that expanded too quickly. The corporate goals to be selective in its development technique.
So relaxation assured, this iconic Italian restaurant chain remains to be alive and kicking. Olive Backyard is a powerful model and goes to be round to serve you salad, breadsticks, and informal Italian meals for years to come back. Check out the newest menu costs right here should you’re planning a visit within the close to future.
