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Red Lobster's CEO Damola Adamolekun confirmed the endless shrimp promotion will not return to the menu anytime soon.
He’s addressed it before, but this week, Red Lobster’s CEO finally gave a definitive answer on the fate of Endless Shrimp.
Don’t Miss A Story. Red Lobster location closed (Patrick T Fallon-AFP-Getty Images via CNN Newsource) * New York (CNN) — Last summer, Red Lobster made $20 endless shrimp a permanent menu item.
Red Lobster's parent company, Thai Union Group, said earlier this month that the chain was headed toward a $20 million loss for 2023. Now the endless shrimp deal costs $25.
After Red Lobster filed for bankruptcy protection on May 19, the seafood restaurant chain’s endless shrimp offering, which was a once limited-time deal that was turned into a permanent offering ...
They’re vendors for shrimp," Adamolekun said. Red Lobster CEO Damola Adamolekun put the blame on the chain's $20 endless shrimp deal forcing its Chapter 11 bankruptcy earlier this year. (Getty ...
Red Lobster called its endless shrimp deal ‘irresistible.’ Then it lost $11M. More customers than expected ordered the specialty dish, which contributed to the overall third-quarter operating loss ...
Red Lobster revealed Monday its “Ultimate Endless Shrimp” promotion is now “here to stay,” following earlier comments from a major shareholder that the seafood chain needed to create a new ...
After Red Lobster filed for bankruptcy protection on May 19, the seafood restaurant chain’s endless shrimp offering, which was a once limited-time deal that was turned into a permanent offering ...
Red Lobster did lose money on its permanent endless shrimp deal, which contributed to its bankruptcy. But that loss was minor compared to low overall sales and high rent priced above market rates.
After Red Lobster filed for bankruptcy protection on May 19, the seafood restaurant chain’s endless shrimp offering, which was a once limited-time deal that was turned into a permanent offering ...
After Red Lobster filed for bankruptcy protection on May 19, the seafood restaurant chain’s endless shrimp offering, which was a once limited-time deal that was turned into a permanent offering ...