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Red Lobster loses $11M in latest quarter on all-you-can-eat shrimp deal

Por: New York Post Business November 29, 2023

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Red Lobster said that its “Ultimate Endless Shrimp” deal which allows customers to pay is partly to blame for its $11 million loss in the third quarter. The to $25, according to parent company Thai Union Group, which reported that the restaurant was on the verge of reporting losses of $20 million for 2023. “We wanted to boost our traffic, and it didn’t work,” Thai Union Group CFO Ludovic Regis Henri Garnier “We want to keep it on the... + full article



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