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Endless shrimp, endless breadsticks, endless salad bar — they’ve nearly killed a lot of restaurants. So why do they keep coming back?
The sector hasn’t really recovered from the pandemic closures of their dining rooms, when “they lost their core business model.”
If bargain hunters skimp on the add-ons, the business may have to eat a loss. For Red Lobster, it was $11 million last quarter.
First, a spike in sales, now….t-shirts
Looks like Red Lobster's sales got into "Formation"
From the sale of the Red Lobster chain to the ouster of the board of directors.
Darden is giving up Red Lobster and keeping Olive Garden.
The parent company of Red Lobster will create a 35-square-mile aquafarm to help keep its restaurants from running out of lobster.
