Is Red Lobster Closing True. Red lobster incurred an operating loss of $11 million that quarter. The closures represent just over 1% of the chain’s approximately 670 domestic units.
It then reported a $12.5 million operating loss in the fourth quarter of 2023. The red lobster restaurant chain brushed aside reports that it will be closing its doors.
As For Whether Red Lobster Can Find A Buyer, That Remains To Be Seen.
It then reported a $12.5 million operating loss in the fourth quarter of 2023.
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.
The north oxnard location of the seafood chain restaurant — located at 1740 e.
Seafood Restaurant Chain Red Lobster Is Mulling A Chapter 11 Bankruptcy Filing As It Looks To Restructure Its Debt, According To People With Knowledge.
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At Least In Ventura County.
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.
Red Lobster, According To A Report From Bloomberg, Rumors Are That Red Lobster Is Going To File Chapter 11 Bankruptcy.
Rich jeffers, a spokesman for darden restaurants inc., which owns the chain,.
It Then Reported A $12.5 Million Operating Loss In The Fourth Quarter Of 2023.