“The popular seafood chain reportedly was considering bankruptcy last month, according to Bloomberg and CNBC, and has faced significant shake-ups in its executive team over the past three years.”
MAGA blames Biden not the Red Lobster execs who admittedly made piss-poor business decisions. “Endless Shrimp” for $20 can’t be blamed on Biden.
Idiots.
https://www.newsweek.com/red-lobster-sudden-closing-sparks-maga-backlash-1900494
Shrimp costs $10 bucks for 30-40 shrimp.
Red Lobster was losing money on every person.
This is how bad executives were at math.
“Red Lobster posted an operating loss of more than $11 million in Q3, according to Restaurant Business. A loss that owner Thai Union Group said the Ultimate Endless Shrimp was a “key factor” in.”
I’m just taking their word for it. Maybe they’re lying. I dunno.
@feloneouscat They were making it up on booze and soda, and probably had a back-deal with shrimp companies.