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Red Lobster eyes bankruptcy option after $11M in losses from endless shrimp (abcnews.go.com)

submitted 7 months ago by OldManBOMBIN@lemmy.world to c/nottheonion@lemmy.world

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"Last year, Red Lobster reported $11 million in operating losses following its flubbed 'Ultimate Endless Shrimp' deal, which backfired when it reeled in too many customers after the limited-time promo became a permanent menu fixture last June. The restaurant chain later reported $12.5 million in losses in the fourth quarter of 2023."

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[–] cyborganism@lemmy.ca 87 points 7 months ago (30 children)

Filing bankruptcy over 11 million? Really? Doesn't seem like a lot for a big restaurant chain.

[–] wreckedcarzz@lemmy.world 88 points 7 months ago (27 children)

Well considering that I'm a "millennial" and literally not a single person I know has ever visited, requested, or mentioned Red Lobster as a restaurant choice... they might have deeper trouble than some shitty shrimp. Can't run a business forever when your largest potential market is 65+...

[–] malle_yeno@pawb.social 14 points 7 months ago (2 children)

I live in Saskatchewan, which is as land locked as it gets in Canada. And for some reason, my city has a Red Lobster. I don't think I've heard anyone talk about going to it because who would expect a seafood restaurant all the way out here to be good? I have no clue how they're making enough money to operate.

(Also, nice pfp! 🐾 )

[–] Wrench@lemmy.world 19 points 7 months ago (2 children)

Everything in red lobster is frozen anyway.

But then again, all fish is frozen before being served to kill parasites. Even the most delicious sushi will be flash frozen first. I've had high end raw fish in Las Vegas, a literal dessert.

That said, yeah, Red Lobster isn't going to be top notch on the coast, let alone butt fuck nowhere.

[–] EinfachUnersetzlich@lemm.ee 13 points 7 months ago (2 children)

I've had high end raw fish in Las Vegas, a literal dessert.

Fish as a dessert??

[–] Damage@slrpnk.net 8 points 7 months ago

Desert. The fish was a desert. It's Las Vegas that's in a dessert, obviously.

[–] artichokecustard@lemmy.world 4 points 7 months ago* (last edited 7 months ago)

* cries in iron chef *

[–] Num10ck@lemmy.world 5 points 7 months ago

las vegas flies in a cargo jet of fish hourly.

[–] wreckedcarzz@lemmy.world 2 points 7 months ago

Thanks ^///^

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