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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+...

[–] iegod@lemm.ee 1 points 7 months ago (1 children)

Millennial here hooked on their biscuits. It's just you.

[–] AngryCommieKender@lemmy.world 1 points 7 months ago

You can make them at home. Sam's Club, and Costco both sell the dough mix. It also allows you to use white extra sharp cheddar to make them that much yummier

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