Red Lobster filing Chapter 11 ??? - Page 1

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[ARCHIVED THREAD] - Red Lobster filing Chapter 11 ??? (Page 1 of 5)

Posted: 4/17/2024 6:28:20 AM EST

Just caught a blurb on it one the local news in the background.
Although I have never set foot in one of them, I was under the impression they were doing well.

I guess not.

Posted: 4/17/2024 6:28:48 AM EST

[#1]

The end of endless skrimp?

Posted: 4/17/2024 6:31:04 AM EST

[#2]

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The end of endless skrimp?

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Dem skrimps is malicious!

Posted: 4/17/2024 6:32:40 AM EST

[#3]

I think the one in my AO is always packed. But that's just speculation. I've never been to it.

Posted: 4/17/2024 6:34:45 AM EST

[#4]

I ate at one once.

Posted: 4/17/2024 6:35:24 AM EST

[#5]

"According to a report by Bloomberg citing people familiar with the discussions"

https://www.foxbusiness.com/markets/red-lobster-considering-bankruptcy-filing-report

Posted: 4/17/2024 6:37:07 AM EST

[#6]

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The end of endless skrimp?

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And endless Cheddar Bay biscuits

Posted: 4/17/2024 6:41:53 AM EST

[#7]

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And endless Cheddar Bay biscuits

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That's the only thing they make that's good.

Posted: 4/17/2024 6:43:18 AM EST

[#8]

The fundamentals of the economy are sound.

Posted: 4/17/2024 6:47:02 AM EST

[#9]

I think I took a date to one way back when, it was the fanciest thing in the trailer park back in the day.

Posted: 4/17/2024 6:48:43 AM EST

[#10]

The one here closed a few years ago. It had gone downhill quickly.

Posted: 4/17/2024 6:49:44 AM EST

[#11]

Its not terrible, its affordable seafood. I haven't been to one in years tho since my wife developed a shell fish allergy after having kids.

Posted: 4/17/2024 6:51:41 AM EST

[#12]

They are? There wasn't anything about it in The Fresh Catch.

Posted: 4/17/2024 6:53:40 AM EST

[#13]

Never ate at one

Posted: 4/17/2024 6:54:20 AM EST

[#14]

The Burger King of seafood.

Posted: 4/17/2024 6:55:35 AM EST

[#15]

Karl and Russell have eaten into their profit margins.

Posted: 4/17/2024 6:56:02 AM EST

[#16]

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The end of endless skrimp?

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...

Posted: 4/17/2024 6:56:43 AM EST

[#17]

The hood rats love them some Red Lobsta

Posted: 4/17/2024 6:57:21 AM EST

[#18]

Quote History

Quoted:

That's the only thing they make that's good.

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Quoted:

Quoted:

And endless Cheddar Bay biscuits

That's the only thing they make that's good.

You can make them too...

Posted: 4/17/2024 6:57:51 AM EST

[#19]

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The Burger King of seafood.

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I was going to say McDonalds but yea. This.

Posted: 4/17/2024 6:58:07 AM EST

[#20]

I have not been to a red lobster in at least 20 years

Posted: 4/17/2024 6:58:20 AM EST

[#21]

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You can make them too...

https://i.ytimg.com/vi/pl3HswNuv98/maxresdefault.jpg

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Quoted:

Quoted:

And endless Cheddar Bay biscuits

That's the only thing they make that's good.

You can make them too...

https://i.ytimg.com/vi/pl3HswNuv98/maxresdefault.jpg

Damn... Those are da'bomb

Posted: 4/17/2024 6:59:31 AM EST

[#22]

Ghetto fine dining .

Posted: 4/17/2024 6:59:39 AM EST

[#23]

Endless anything is seldomly endless.

Posted: 4/17/2024 7:01:10 AM EST

[#24]

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The hood rats love them some Red Lobsta

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The ones in Atlanta are always rich and vibrant

Posted: 4/17/2024 7:01:55 AM EST

[#25]

The Denny's of seafood.

Posted: 4/17/2024 7:04:39 AM EST

[#26]

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I ate at one once.

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My girlfriend and her mom just love that place.

The good seafood place here is too expensive for them so they've never had it. They really (mistakenly) think that Red Lobster is good dining. I really need to spoil them once.

Posted: 4/17/2024 7:05:58 AM EST

[#27]

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Quoted:
The hood rats love them some Red Lobsta

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The few in our area are like this. I can only imagine the type of clientele they have now doesn’t help things.

- churches chicken
- red lobster
- Popeyes

All of the parking lots looks the same. Chargers, challengers, 300s, Altimas and impalas.

If these restaurants really wanted to make money they should offer check cashing services, title loans and sell rims.

Posted: 4/17/2024 7:08:11 AM EST

[#28]

Quote History

Quoted:

That's the only thing they make that's good.

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Posted: 4/17/2024 7:08:44 AM EST

[#29]

My woman’s grandparents like doing family dinners there so I eat there a few times a year.

When I was a kid you’d be waiting for a table any night of the week. Now it’s a ghost town even on the weekends. It’s kind of surprising because the food isn’t terrible. I’d much rather eat there than Crapplebee’s, Olive Garden, or most of the other franchise mostly microwaved restaurants.

Posted: 4/17/2024 7:13:15 AM EST

[#30]

Posted: 4/17/2024 7:22:49 AM EST

[#31]

My dad managed Red Lobsters in the '80s and '90s. There has been a shift in clientele since then.

Posted: 4/17/2024 7:28:44 AM EST

[#32]

Darden (Olive Garden, Longhorn, Ruth's Chris, Eddie V Prime Seafood) is a decent operator. They jettisoned Red Lobsterin 2014. For reasons.

Since isn't been a rough ride for subsequent owners, who should have known better.

The owner of Red Lobster is still looking for a buyer for the struggling seafood chain, and it's keeping its expectations low.

"We're not expecting to get anything much from the sale," Thai Union Group CEO Thiraphong Chansiri told investors during an earnings call Monday, according to a transcript from AlphaSense. "So you don't need to expect any one-time gain from Red Lobster."

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Ouch

Posted: 4/17/2024 7:38:18 AM EST

[#33]

Quote History

Quoted:
Karl and Russell have eaten into their profit margins.

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Also, about 25yrs longer than I would have given them.

Also, TO THE MOON, lol. Where are the Robin Hood boys?

Posted: 4/17/2024 7:38:47 AM EST

[#34]

Quote History

Quoted:
"According to a report by Bloomberg citing people familiar with the discussions"

https://www.foxbusiness.com/markets/red-lobster-considering-bankruptcy-filing-report

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So probably made up, then.

Posted: 4/17/2024 7:42:07 AM EST

[#35]

In all my years on this rock I think I have been in 2 or 3 Red Lobsters.

We avoid them because they attract clientele that seem a bit sketchy and all their reviews are bad.

Posted: 4/17/2024 7:42:34 AM EST

[#36]

Most of the “you’re too lazy to microwave it yourself” restaurants aren’t doing well

Posted: 4/17/2024 7:44:18 AM EST

[#37]

Quote History

Quoted:
The end of endless skrimp?

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Last two times I went in for this service was so bad a reorder of shrimp took 30 minutes so it can't be that unless people sit there for hours trying to eat their skrimps.

Posted: 4/17/2024 7:44:23 AM EST

[#38]

Quote History

Quoted:

Darden (Olive Garden, Longhorn, Ruth's Chris, Eddie V Prime Seafood) is a decent operator. They jettisoned Red Lobsterin 2014. For reasons.

Since isn't been a rough ride for subsequent owners, who should have known better.

Ouch

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Darden (Olive Garden, Longhorn, Ruth's Chris, Eddie V Prime Seafood) is a decent operator. They jettisoned Red Lobsterin 2014. For reasons.

Since isn't been a rough ride for subsequent owners, who should have known better.

The owner of Red Lobster is still looking for a buyer for the struggling seafood chain, and it's keeping its expectations low.

"We're not expecting to get anything much from the sale," Thai Union Group CEO Thiraphong Chansiri told investors during an earnings call Monday, according to a transcript from AlphaSense. "So you don't need to expect any one-time gain from Red Lobster."

Ouch

Was thinking they were still Darden. Didn't make sense to me that it wasn't the whole lot of them going tits up until your post. Thanks for the update

Posted: 4/17/2024 7:45:41 AM EST

[#39]

The one here looks like a used Charger car lot .

Posted: 4/17/2024 7:49:01 AM EST

[#40]

When your customer base is all about not paying for food and making a show for a manager to get a comped meal these things happen.

Posted: 4/17/2024 7:51:50 AM EST

[#41]

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Quoted:
The end of endless skrimp?

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All those people working there now losing their jobs and they've never received a tip.

Posted: 4/17/2024 7:51:52 AM EST

[#42]

I get the demographic change, same thing around here. But the damned place is always packed. I don’t get it? Is black people money devalued vs. white people money?

Posted: 4/17/2024 7:52:01 AM EST

[#43]

I havent been in a red lobster since i was a kid. that was probably about 30 years ago. All i recall is that the place was filthy and my mother said "nope. not eating here."

Posted: 4/17/2024 7:52:18 AM EST

[#44]

Even pre Covid a lot of sort of sit down chain restaurants were going under.

Posted: 4/17/2024 7:52:34 AM EST

[#45]

Biscuits and clam chowder at the bar is a quick and tasty lunch. But otherwise I can't remember the last time I had a meal there and it's been quite a while since we did the lunch thing as well.

Posted: 4/17/2024 7:53:19 AM EST

[#46]

The Food Desertification continues.

Posted: 4/17/2024 7:54:59 AM EST

[#47]

Quote History

Quoted:
I get the demographic change, same thing around here. But the damned place is always packed. I don’t get it? Is black people money devalued vs. white people money?

View Quote

They tend to live together and combine SS and EBT payments to go out to eat at places. I know one retired lady who's collecting about $80k/year in SS and associated benefits because she adopted 3 of her grandkids (she has 5). My neighbors have 6 adults living there who don't work.