this post was submitted on 21 Apr 2024
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"Last year, Red Lobster reported $11 million in operating losses following its flubbed 'Ultimate Endless Shrimp' deal, which backfired when it reeled in too many customers after the limited-time promo became a permanent menu fixture last June. The restaurant chain later reported $12.5 million in losses in the fourth quarter of 2023."

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[–] [email protected] 14 points 6 months ago

Some people can't help themselves at the seafood buffet

[–] [email protected] 67 points 6 months ago (4 children)

Why didn't they stop doing it sooner? Lol once they saw it was costing too much they could have retired it and made up some new marketing crap.

[–] [email protected] 38 points 6 months ago (1 children)

Or.. raised the price. You know.. capitalism. They seemed to have failed econ 101. Or the bankruptcy is a good way to get out from under debt and start over. It's the American way.

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[–] [email protected] 10 points 6 months ago* (last edited 6 months ago) (1 children)
[–] [email protected] 7 points 6 months ago (1 children)

Man. They always do everything first.

[–] MuAraeOracle 2 points 6 months ago
[–] [email protected] 87 points 6 months ago (3 children)

Filing bankruptcy over 11 million? Really? Doesn't seem like a lot for a big restaurant chain.

[–] [email protected] 9 points 6 months ago

It's also really expensive importing biscuits from Cheddar Bay

[–] [email protected] 88 points 6 months ago (14 children)

Well considering that I'm a "millennial" and literally not a single person I know has ever visited, requested, or mentioned Red Lobster as a restaurant choice... they might have deeper trouble than some shitty shrimp. Can't run a business forever when your largest potential market is 65+...

[–] [email protected] 14 points 6 months ago (2 children)

I live in Saskatchewan, which is as land locked as it gets in Canada. And for some reason, my city has a Red Lobster. I don't think I've heard anyone talk about going to it because who would expect a seafood restaurant all the way out here to be good? I have no clue how they're making enough money to operate.

(Also, nice pfp! 🐾 )

[–] [email protected] 19 points 6 months ago (4 children)

Everything in red lobster is frozen anyway.

But then again, all fish is frozen before being served to kill parasites. Even the most delicious sushi will be flash frozen first. I've had high end raw fish in Las Vegas, a literal dessert.

That said, yeah, Red Lobster isn't going to be top notch on the coast, let alone butt fuck nowhere.

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[–] [email protected] 26 points 6 months ago (3 children)

The biscuits are the best part and they sell the mix, so not a lot of reason to visit if there's any other options for seafood.

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[–] [email protected] 3 points 6 months ago* (last edited 6 months ago)

@wreckedcarzz @cyborganism

this is hilarious fellow millennial, because I just went to Red Lobster today and had a great time.

Of course this was the first time I've been in 20+ years so it's not like I'm a regular.

[–] [email protected] 5 points 6 months ago (1 children)

For me it's just not really an option because there are no locations in Québec. The closest one is in Ottawa, two hours away.

It's one of our favorite places to go eat when we go to Ottawa. It's honestly not as bad as people say it is. The food is always great at that location.

[–] [email protected] 8 points 6 months ago (3 children)

@cyborganism @wreckedcarzz If you take internet reviews there are only three types of restaurants.

  1. Excellent places that deserve their Michelin Stars

  2. Excellent places that should have Michelin Stars

  3. Diarrhea fuel garbage pits. With food so disgusting you shouldn't even feed it to the stray dog that bit your baby.

On our national deal hunting website you can see all the "It gives you diarrhea comments" every time there's a coupon for McDonalds or franchised Shawarma

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[–] [email protected] 55 points 6 months ago

The "endless shrimp" excuse seems like a marketing ploy. Doesn't hit as hard as "no one's coming to our restaurants to eat our shitty food."

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[–] [email protected] 143 points 6 months ago (3 children)
[–] [email protected] 8 points 6 months ago

Sounds like an open-shut case. Who's with me? I want a $9 check in 7 months.

[–] [email protected] 28 points 6 months ago (1 children)

Never ending story...

Ended.

[–] [email protected] 15 points 6 months ago (1 children)

Did it or did the kid reading it just stop reading? 🤔

[–] [email protected] 7 points 6 months ago
[–] [email protected] 55 points 6 months ago (1 children)

Walks in, limits your shrimp, refuses not to elaborate, leaves the entire world.

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[–] [email protected] 38 points 6 months ago (4 children)

First time I heard of this, feels like I missed a huge opportunity

[–] [email protected] 9 points 6 months ago

Same here. It was always overshadowed by unlimited soup salad and bread sticks I guess.

[–] [email protected] 16 points 6 months ago (1 children)

Same. I love me unlimited shrampies. I had no idea it was permanent on the menu.

[–] [email protected] 9 points 6 months ago

permanent

Well, not anymore...

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[–] [email protected] 21 points 6 months ago (1 children)

What does 11 million dollars in shrimp look like? Let alone 11 million in losses, how much god damn shrimp is that? Was cocktail sauce calculated into this?

[–] [email protected] 21 points 6 months ago (3 children)

The cost here for shitty frozen shrimp is about $13 for 2lbs of "31-40" (31-40 shrimp per lb); at that cost, averaging 35 shrimp per pound, you could buy approximately 29,615,385 shrimp, which would weigh around 400 tons. I think I did that math right. It's late.

[–] [email protected] 3 points 6 months ago (1 children)

I'll take two pallets of frozen shrimp please

[–] [email protected] 5 points 6 months ago

That'll be $4

(I have tiny pallets)

[–] [email protected] 8 points 6 months ago (1 children)

Appreciate you. You're causing me and my friends to consider indoor shrimp farming for profit.

[–] [email protected] 4 points 6 months ago

Probably don't do that, but if you do, send me some shramp

[–] [email protected] 16 points 6 months ago (1 children)

And you know they ain't buying it at the Piggly Wiggly, but at a deep discount they negotiated ages ago with their distributor(s).

[–] [email protected] 1 points 6 months ago

Those are Walmart prices, but yeah for sure

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