Snippet of Article: "...signs of recovery since the pandemic, sales declined sharply in the last 12 months, Tibus wrote. It lost $76 million in the 2023 fiscal year.
Inflationary pressures have kept customers from dining out and
higher labor costs strained the company’s finances. ...In May 2023, the company changed its
$20 “Ultimate Endless Shrimp” from a limited-time offer to a permanent promotion, costing it $11 million as diners devoured expensive plates of shrimp.
Red Lobster traces its roots to a single restaurant in Lakeland, Florida in 1968. "
Source: yahoo.com
Bidenomics | Democrats Say, Blame It On The Shrimp, $20 “Ultimate Endless Shrimp”, Save Red Lobster | Eat Mo' Lobster"
