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Red Lobster’s Endless Shrimp promotion was a big part of the reason the chain reported an $11 million operating loss in the third quarter of last year. Now, as it gears up for Lobsterfest 2024 ...
The pandemic and labor costs aren't the only culprit of Red Lobster's declining profits. Those all-you-can-eat promotions have also caused a toll. Its $20 Ultimate Endless Shrimp deal cost the ...
The change cost Red Lobster $11 million. Red Lobster filed for bankruptcy Sunday, and the bankruptcy filing sheds new light on Thai Union’s role in the endless shrimp mishap. Red Lobster said it ...
It cost Red Lobster $11 million in a single quarter. ... Once the Endless Shrimp order was placed, folks lingered at their tables to maximize their ROI. Wait times got longer, frustrating staff ...
Red Lobster didn’t go bankrupt because of $20 Endless Shrimp alone — 2 factors that helped sink the seafood chain ... one restaurant owner estimated that the new legislation would cost him ...
Red Lobster introduced a new Daily Deals menu in 2020, featuring Endless Shrimp Mondays and more deals. [ 42 ] In June 2023, Red Lobster reintroduced Ultimate Endless Shrimp, normally run as a limited-time promotion during autumn, as a permanent addition to their menu. [ 43 ]
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