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Posted: 5/13/2024 4:38:39 PM EDT
[#1]
After hearing GD bitch endlessly about Red Lobster, I went and had lunch at a nearby one last week. Hadn't been to one for years.
I had simple fish & chips, and it was pretty good. Place was clean with good service. The server said they are rarely busy anymore, and there were few other customers there at that time. {1:00 in the afternoon} |
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FL, USA
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Posted: 5/13/2024 4:39:20 PM EDT
[#2]
I knew they were finished when they bulldozed the first one on Lake Parker in Lakeland. That place was killer.
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Posted: 5/13/2024 4:39:26 PM EDT
[#3]
It's been over 10 years since I ate at one.
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UT, USA
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Posted: 5/13/2024 4:46:43 PM EDT
[#4]
From the story:
Despite record profits in 2020, which saw the chain's net income rise 38% in that year's fourth quarter resulting in record profits of $6.25 billion, the business has since suffered financial troubles. and then Red Lobster's Ultimate Endless Shrimp, now a $25 deal, successfully boosted the restaurant's traffic by roughly 4% last year, but simultaneously led to an operating loss of over $11 million during Q3 and $12.5 million in Q4. Sooooo......even if you're losing $50M a year from this, you could do so basically forever based on making $6.25 BILLION DOLLARS just 4 years ago. The endless shrimp bullshit is a smoke screen. Where did the money really go? |
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Posted: 5/13/2024 4:49:09 PM EDT
[#5]
Quote HistoryOriginally Posted By flippflopped: The only good thing about Red Lobster is when you see the sign it’s usually close to a better restaurant. Red Lobster sucks. I don’t like fish though so I may be biased. you may be biased but youre not wrong |
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Posted: 5/13/2024 4:53:15 PM EDT
[Last Edit: DocApocalypse]
[#6]
This is only the beginning. I'm betting that inflation, and the tendency of most restaurants to have raised their prices to crack-smoking levels, is going to cause a lot of chains to start closing their doors. Cracker Barrel will probably be among the first. Pizza Hut will be there too. Denny's probably on the shit list as well. By the time the FJB regime is over, whether next year or in four more years, this will be a different country with only a handful of very expensive restaurants to eat at.
 Attached File |
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Posted: 5/13/2024 4:55:47 PM EDT
[#7]
Ghetto lobster
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Posted: 5/13/2024 4:56:04 PM EDT
[#8]
Quote HistoryOriginally Posted By Whiskey1Alpha: From the story: Despite record profits in 2020, which saw the chain's net income rise 38% in that year's fourth quarter resulting in record profits of $6.25 billion, the business has since suffered financial troubles. and then Red Lobster's Ultimate Endless Shrimp, now a $25 deal, successfully boosted the restaurant's traffic by roughly 4% last year, but simultaneously led to an operating loss of over $11 million during Q3 and $12.5 million in Q4. Sooooo......even if you're losing $50M a year from this, you could do so basically forever based on making $6.25 BILLION DOLLARS just 4 years ago. The endless shrimp bullshit is a smoke screen. Where did the money really go? Where did the money go? She ate it. Imagine 1000's of her at an endless buffet.. the place never had a chance.  Red Lobster Seafood Feast Mukbang (The Ultimate Feast & Lobster Lover's Dream) Cheddar Bay Biscuits! |
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Posted: 5/13/2024 4:56:41 PM EDT
[#9]
They used to have a bugaboo creek steak house next to our local red lobster growing up.
That place really slapped |
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Posted: 5/13/2024 4:59:34 PM EDT
[#10]
Quote HistoryHow can you have endless shrimp in a country taken over by the Free Shit Army? |
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AZ, USA
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Posted: 5/13/2024 5:01:10 PM EDT
[#11]
Quote HistoryOriginally Posted By gtofan: The greed around the rent for business I feel has taken the largest toll. Mall space rent is one, along with individual properties a close second. Sure hourly wages have really hit these businesses, but a little bit of rent and tax breaks would cure these closings. When you have mall space rent that is over $10,000 per month on many stores, how do you stay in business? This. Local Pizza and Wings place is for sale. $45k, nice looking facility. Rent is $9k. Add in utilities, insurance, taxes, food costs, labor.... You'd have to do $30k+ a week in sales to make it worth it. |
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GA, USA
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Posted: 5/13/2024 5:02:28 PM EDT
[Last Edit: JMO]
[#12]
Started in Waycross ga…..the Green Frog…been many times
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Posted: 5/13/2024 5:04:05 PM EDT
[#13]
Red Lobster is shit.
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Posted: 5/13/2024 5:06:54 PM EDT
[#14]
Quote HistoryOriginally Posted By DKUltra: Last endless shrimp I indulged in at RL The waitress took longer and longer to bring out more shrimp. Pretty sure that was covert strategy to bounce me out of there. No pun intended.  You endless Gluttons destroyed another legacy restaurant.   
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Posted: 5/13/2024 5:07:45 PM EDT
[#15]
Quote HistoryOriginally Posted By BillofRights: You endless Gluttons destroyed another legacy restaurant. What’s in the box??? |
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OH, USA
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Posted: 5/13/2024 5:09:37 PM EDT
[#16]
Quote HistoryOriginally Posted By gtofan: The greed around the rent for business I feel has taken the largest toll. Mall space rent is one, along with individual properties a close second. Sure hourly wages have really hit these businesses, but a little bit of rent and tax breaks would cure these closings. When you have mall space rent that is over $10,000 per month on many stores, how do you stay in business? You lose a little on every sale - but make up for it with volume. 
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Posted: 5/13/2024 5:19:31 PM EDT
[#17]
I had the endless shrimp back in January.
Three shrimp every fifteen minutes is not really what I had in mind |
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Posted: 5/13/2024 5:21:52 PM EDT
[#18]
First it was the Beef-a-roni shortage….
Now Red Lobsters are closing….  Pepper your angus’ |
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MD, USA
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Posted: 5/13/2024 5:23:15 PM EDT
[#19]
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Posted: 5/13/2024 5:24:09 PM EDT
[#20]
Quote HistoryOriginally Posted By DocApocalypse: This is only the beginning. I'm betting that inflation, and the tendency of most restaurants to have raised their prices to crack-smoking levels, is going to cause a lot of chains to start closing their doors. Cracker Barrel will probably be among the first. Pizza Hut will be there too. Denny's probably on the shit list as well. By the time the FJB regime is over, whether next year or in four more years, this will be a different country with only a handful of very expensive restaurants to eat at. https://www.ar15.com/media/mediaFiles/271112/MCDONALDS_EASY_FINANCING_SIGN_jpg-3213533.JPG  |
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Posted: 5/13/2024 5:25:39 PM EDT
[#21]
So it's dead lobster now I guess.
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FL, USA
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Posted: 5/13/2024 5:27:28 PM EDT
[#22]
Quote HistoryWe pay for the experience
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CO, USA
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Posted: 5/13/2024 5:28:25 PM EDT
[#23]
Overpriced garbage that comes from the same place SeaPac makes their frozen shrimp and other crap.
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WA, USA
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Posted: 5/13/2024 5:29:39 PM EDT
[Last Edit: 21usernamechecksout]
[#24]
Good riddance. R.L. is nasty.
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Posted: 5/13/2024 5:30:06 PM EDT
[#25]
Quote HistoryOriginally Posted By akethan: Ghetto lobster The Taco Bell of seafood. |
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Posted: 5/13/2024 5:32:31 PM EDT
[#26]
Quote HistoryOriginally Posted By bunchofmidgets: DO NOT BRING WAFFLE HOUSE INTO THIS. you fucking savage. Or White Castle. It’s for a more refined palate than RL. |
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Posted: 5/13/2024 5:35:05 PM EDT
[#27]
Just think, now all those hungry and unhappy (non-tipping) patrons will be invading your favorite restaurants.
I mean, where dey gonna get dem fire Scrimps at, yo... Ohh and don't forget the Prawns and Prickles... |
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Posted: 5/13/2024 5:35:08 PM EDT
[#28]
Originally Posted By P1pe: https://www.the-sun.com/money/11355053/red-lobster-sale-endless-shrimp-bankruptcy/amp/ Endless Shrimp appears to have ended them Hold the fuck on: 2016: Thai Union Group pays $575 million for a 25% stake in the chain. 2020: Thai Union Group purchases a 49% majority stake in the chain from Golden Golden Gate Capital for an undisclosed amount of money and Red Lobster reports record-breaking profits, pulling in $6.5 billion for the year. 2023: Endless Shrimp becomes a permanent part of the menu. 2024: Red Lobster announces a $22 million loss for 2023. Majority shareholder Thai Union Group announces it's looking to sell its shares and reportedly begins considering Chapter 11 Bankruptcy for Red Lobster. So 1/4 of the entire business is worth $575mil in 2016, in 2020 they bring in $6.5bil, and in 2023 a $22mil loss causes them to file for bankruptcy? Bullshit. Something else is going on here. That $22mil loss is not going to drive a business to bankruptcy. Something else is causing this issue and the blame is being placed on a scapegoat. |
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Posted: 5/13/2024 5:35:59 PM EDT
[#29]
Quote HistoryOriginally Posted By Whiskey1Alpha: From the story: Despite record profits in 2020, which saw the chain's net income rise 38% in that year's fourth quarter resulting in record profits of $6.25 billion, the business has since suffered financial troubles. and then Red Lobster's Ultimate Endless Shrimp, now a $25 deal, successfully boosted the restaurant's traffic by roughly 4% last year, but simultaneously led to an operating loss of over $11 million during Q3 and $12.5 million in Q4. Sooooo......even if you're losing $50M a year from this, you could do so basically forever based on making $6.25 BILLION DOLLARS just 4 years ago. The endless shrimp bullshit is a smoke screen. Where did the money really go? Into the bottom line of the parent company…and, out to the pockets of the C-suite’ers of said parent company. Drain it and dump it. It’s the MBA Way! |
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Posted: 5/13/2024 5:39:46 PM EDT
[#30]
Quote HistoryOriginally Posted By gtofan: The greed around the rent for business I feel has taken the largest toll. Mall space rent is one, along with individual properties a close second. Sure hourly wages have really hit these businesses, but a little bit of rent and tax breaks would cure these closings. When you have mall space rent that is over $10,000 per month on many stores, how do you stay in business? Never once seen a Red Lobster in a mall. |
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Posted: 5/13/2024 5:41:37 PM EDT
[#31]
no more skrimps?
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FL, USA
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Posted: 5/13/2024 5:42:10 PM EDT
[#32]
The first date (1970) I had with my future wife (52 years now) was at the original Red Lobster in Lakeland. It was a good place for a dinner date. I spent less than $5 for the meal and that included the tip.
I think the food was better back then when it was a one only restaurant. It seem to go downhill after it became a chain. |
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Posted: 5/13/2024 5:44:25 PM EDT
[#33]
There is an end to endless skrimps.
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USA
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Posted: 5/13/2024 5:52:43 PM EDT
[#34]
I miss world peace, mean tweets and endless skrimps.
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Posted: 5/13/2024 5:59:26 PM EDT
[#35]
Quote HistoryOriginally Posted By P1pe: If anyone is around a location still open, get as many cheddar bay biscuits as possible, freeze them, ???, profit |
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FL, USA
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Posted: 5/13/2024 6:09:17 PM EDT
[#36]
Quote HistoryOriginally Posted By mudholestomper: Never once seen a Red Lobster in a mall. mall lobster…incredibly rare in the urban serengeti. basically finding your white whale with customer/employee base. |
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Posted: 5/13/2024 6:14:15 PM EDT
[#37]
yeah it's been a solid 12 years since I ate at one.
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Posted: 5/13/2024 6:20:00 PM EDT
[#39]
Quote HistoryOriginally Posted By sparkyfender2: After hearing GD bitch endlessly about Red Lobster, I went and had lunch at a nearby one last week. Hadn't been to one for years. I had simple fish & chips, and it was pretty good. Place was clean with good service. The server said they are rarely busy anymore, and there were few other customers there at that time. {1:00 in the afternoon} 87% of GD is tender tummy ratards that shid their pants just looking at most restaurants. |
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Posted: 5/13/2024 6:35:02 PM EDT
[Last Edit: Lorax]
[#40]
It wasn't so much the endless shrimp that broke them, but replacing all the chairs and shit that wasn't bolted down that somehow becomes airborne on endless shrimp night.
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USA
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Posted: 5/13/2024 6:43:40 PM EDT
[Last Edit: CTM1]
[#41]
OP's 101 post sucks as the losses from All You Can Eat Shrimp is well know.
Not closing but article perhaps up for sale. |
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Posted: 5/13/2024 6:47:49 PM EDT
[#42]
Mine is still open.
Guess I’ll stop in this week and enjoy it for possibly the last time. It’s not fantastic, but it’s pretty good. |
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Posted: 5/13/2024 6:51:04 PM EDT
[#43]
Tony Romas too
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PA, USA
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Posted: 5/13/2024 6:51:14 PM EDT
[#44]
With Americans tipping the scale the way they do I wouldn’t offer endless anything unless it was 50 + bucks.
I think in the restaurant business you’re better off at high cost meals and market as a high end place. Red lobster ain’t that |
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Posted: 5/13/2024 6:55:49 PM EDT
[#45]
The original Red Lobster was in my hometown. My first time there was when I was 6 years old.
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Posted: 5/13/2024 6:56:45 PM EDT
[#46]
Quote HistoryOriginally Posted By Sputnik556: Mine is still open. Guess I’ll stop in this week and enjoy it for possibly the last time. It’s not fantastic, but it’s pretty good. Salute! |
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Posted: 5/13/2024 6:57:27 PM EDT
[#47]
Quote HistoryOriginally Posted By CTM1: OP's 101 post sucks as the losses from All You Can Eat Shrimp is well know. Not closing but article perhaps up for sale. I’m too lazy, but I hope your 101 post entailed barking news |
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CA, USA
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Posted: 5/13/2024 6:57:28 PM EDT
[#48]
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Posted: 5/13/2024 7:10:24 PM EDT
[#49]
Quote HistoryOriginally Posted By P1pe: Without going on a tangent, I get a lot of amusement from Facebook by keeping high school friends. One was texted by management this morning that the local franchise is closed and she no longer has a job. So naturally she posted about it, leading me to google for a citation then passing along the relevant news to the class(GD). Quote HistoryOriginally Posted By P1pe: Originally Posted By UV18: Where does it say they are closing? A Ch 11 restructure isn't a 13. Without going on a tangent, I get a lot of amusement from Facebook by keeping high school friends. One was texted by management this morning that the local franchise is closed and she no longer has a job. So naturally she posted about it, leading me to google for a citation then passing along the relevant news to the class(GD). |
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Posted: 5/13/2024 7:21:01 PM EDT
[#50]
Quote HistoryOriginally Posted By Duke117: Absolutely... even tastier at home hot out of the oven. https://www.ar15.com/media/mediaFiles/562102/IMG_3595_jpeg-3213515.JPG Quote HistoryOriginally Posted By Duke117: Originally Posted By Ameshawki: Originally Posted By P1pe: If anyone is around a location still open, get as many cheddar bay biscuits as possible, freeze them, ???, profit They sell the mix in grocery stores. Absolutely... even tastier at home hot out of the oven. https://www.ar15.com/media/mediaFiles/562102/IMG_3595_jpeg-3213515.JPG I think this is a big part of the reason they are in trouble. Take the big menu item that everyone loves, let them make it at home for a fraction of the price. That’s a terrible business move. |
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