2023-12-06 Economy
|
Red Lobster raises price for its endless shrimp in wake of $11 million operating loss
|
[Washington Examiner] Seafood restaurant chain Red Lobster has raised the price of its endless shrimp offer due to acquiring an $11 million operating loss.
The loss that Red Lobster underwent in its third quarter was due in part to its iconic endless shrimp offer, which only cost $20. The price has been raised to $25 to help minimize losses, according to a report.
"The proportion of the people selecting this promotion was much higher compared to expectation," said Ludovic Garnier, chief financial officer of Thai Union Group, Red Lobster's parent company.
The $20 endless shrimp offer was intended to win over new customers, and while the strategy worked, it was not as effective as the chain had hoped.
|
Posted by Besoeker 2023-12-06 02:14||
||
Front Page|| [22 views ]
Top
|
Posted by Besoeker 2023-12-06 02:17||
2023-12-06 02:17||
Front Page
Top
|
Posted by DooDahMan 2023-12-06 02:27||
2023-12-06 02:27||
Front Page
Top
|
Posted by DooDahMan 2023-12-06 02:31||
2023-12-06 02:31||
Front Page
Top
|
Posted by Silentbrick 2023-12-06 05:30||
2023-12-06 05:30||
Front Page
Top
|
Posted by NN2N1 2023-12-06 06:27||
2023-12-06 06:27||
Front Page
Top
|
Posted by MikeKozlowski 2023-12-06 09:31||
2023-12-06 09:31||
Front Page
Top
|
Posted by swksvolFF 2023-12-06 10:21||
2023-12-06 10:21||
Front Page
Top
|
Posted by Super Hose 2023-12-06 12:36||
2023-12-06 12:36||
Front Page
Top
|
Posted by swksvolFF 2023-12-06 15:15||
2023-12-06 15:15||
Front Page
Top
|
|
23:08 SteveS
22:43 Deacon+Blues
22:42 Canuckistan sniper
21:13 swksvolFF
21:02 swksvolFF
20:45 DooDahMan
20:42 swksvolFF
20:14 NoMoreBS
19:59 Aca Joe
19:47 Frank G
19:40 Frank G
19:10 SteveS
18:43 DooDahMan
18:42 DooDahMan
18:39 DooDahMan
18:18 Mullah Richard
18:12 Bobby
17:24 NN2N1
17:24 Classer
17:21 USN, Ret.
17:15 swksvolFF
17:13 HAL
17:08 Canuckistan sniper
16:56 swksvolFF
|