Whitey Ford
11-15-2024, 09:41 PM
Red Lobster CEO says endless shrimp is never coming back: ‘I know how to do math’
(https://www.aol.com/red-lobster-ceo-says-endless-164347049.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAAlDeV6UzqMK_meNRAtbOgnvh3k 3teuqfIHAVLXoPdMQG4KNLemktg8htN-mnHM8s8OzGqcfI0rbusMlxx_t2gay7cy4CkCBExV1vqZlnykF5 Zb929dkjvHvrQgD8dGOivSTwQNeuXiJ87_2tbsladGn4U3RqoT kUcqDULkkEUn)
https://www.youtube.com/watch?v=jIv6aWHkWFU
He kins do dem maffs, an' sheeit.
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 financial and operational issues threatened the future of the business. At the time, former CEO Jonathan Tibus was forced to make one harsh cut before they subsequently filed Chapter 11 bankruptcy in May – knocking the $20 endless shrimp special from the Red Lobster menu.
Not only were customers consuming more shrimp than Red Lobster could afford to supply, but its turnover rate went down as patrons hogged tables for hours to get the most out of the deal. By the end of 2023, the chain had amassed $73m in net loss.
Now, to the dismay of many customers who might’ve been hoping Red Lobster would revive the deal, new CEO Damola Adamolekun officially confirmed the endless shrimp won’t be returning.
(https://www.aol.com/red-lobster-ceo-says-endless-164347049.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAAlDeV6UzqMK_meNRAtbOgnvh3k 3teuqfIHAVLXoPdMQG4KNLemktg8htN-mnHM8s8OzGqcfI0rbusMlxx_t2gay7cy4CkCBExV1vqZlnykF5 Zb929dkjvHvrQgD8dGOivSTwQNeuXiJ87_2tbsladGn4U3RqoT kUcqDULkkEUn)
https://www.youtube.com/watch?v=jIv6aWHkWFU
He kins do dem maffs, an' sheeit.
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 financial and operational issues threatened the future of the business. At the time, former CEO Jonathan Tibus was forced to make one harsh cut before they subsequently filed Chapter 11 bankruptcy in May – knocking the $20 endless shrimp special from the Red Lobster menu.
Not only were customers consuming more shrimp than Red Lobster could afford to supply, but its turnover rate went down as patrons hogged tables for hours to get the most out of the deal. By the end of 2023, the chain had amassed $73m in net loss.
Now, to the dismay of many customers who might’ve been hoping Red Lobster would revive the deal, new CEO Damola Adamolekun officially confirmed the endless shrimp won’t be returning.