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Red Lobster's parent company, Thai Union Group, disclosed earlier this month that the seafood chain took an unexpectedly large loss in the third quarter of the year because its $20 shrimp ...
Red Lobster will not be bringing back one fan-favorite food deal anytime soon.. In early 2024, the family-style seafood chain closed a handful of its restaurants across the country as serious ...
The options ranged from coconut shrimp, linguini alfredo to grilled shrimp skewers. Red Lobster saw a traffic increase of 2% compared to last quarter, and 4% compared to the previous year.
CEO Damola Adamolekun confirmed that the $20 endless shrimp deal will not be included in a revamped menu. But there are nine new items you may love.
A previous all-you-can-eat deal contributed to Red Lobster’s financial woes. In June, Red Lobster announced that its “Ultimate Endless Shrimp” deal would become a permanent menu item.
Last summer, Red Lobster made $20 endless shrimp a permanent menu item. ... To help fund the deal, Red Lobster spun off its real estate assets in a transaction known as a sale leaseback agreement ...
One of the major blunders made by Red Lobster was its $20 endless shrimp promotion. While the deal made quite the splash with customers, the company suffered millions in operating losses.
In November 2023, Red Lobster increased the price of its “Ultimate Endless Shrimp” deal to $25, noting that unprecedented demand for the low-cost unlimited deal actually ended up hurting the ...
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