Red Lobster's Endless Shrimp Loss

Red Lobster CFO blames chain's 'Endless Shrimp' promotion for company's whopping $11M Q3 loss By Martha Williams For Dailymail.Com 14:12 EST 28 Nov 2023, updated 14:12 EST 28 Nov 2023 RED LOBSTER'S ENDLESS SHRIMP DEAL: IS IT WORTH IT FOR YOU? 102 shares • Red Lobster - an all-American casual-dining classic - has faced a colossal $11 million loss in the third quarter of 2023 • The company's CFO is blaming their 'Endless Shrimp' offer - which allows customers to order as much shrimp as they can stomach for $20 • Their all-you-can-eat plan to attract diners massively backfired and the restaurant is set to face a $20 million annual loss

A Daily Mail-style news screenshot reports that Red Lobster’s CFO blamed the chain’s $11 million quarterly loss on its $20 “Endless Shrimp” all-you-can-eat promotion. The joke is that customers ate so much shrimp that the supposedly attractive deal backfired catastrophically, making this useful as an absurd business-failure reaction. EN: A Daily Mail-style news screenshot reports that Red Lobster’s CFO blamed the chain’s $11 million quarterly loss on its $20 “Endless Shrimp” all-you-can-eat promotion. The joke is that customers ate so much shrimp that the supposedly attractive deal backfired catastrophically, making this useful as an absurd business-failure reaction.

• @antichirst / 14868 2023-12-01