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Started By
Message
re: Red Lobster CFO blames 'Endless Shrimp' promotion for company's whopping $11M Q3 loss.
Posted on 11/29/23 at 8:36 am to Tiger Ike
Posted on 11/29/23 at 8:36 am to Tiger Ike
I ate their AYCE shrimp aboot 10-15 years ago.They brought out 12 shrimp. I ate those then waited 20 minute to get 6 more. After another 20 minutes to get 6 more, I told the waitress to bring me some food, that I was starving to death waiting 20 minutes for 6 shrimp.
She did not comply. I have not been back.
She did not comply. I have not been back.
1
Posted on 11/29/23 at 8:37 am to upgrayedd
quote:you need to put some respek on Pimp C's name
Eatin so many skrimps, we iodine poisonin' -Three 6 Mafia
Posted on 11/29/23 at 8:38 am to Hangit
quote:
'Endless Shrimp
Posted on 11/29/23 at 8:39 am to Bunk Moreland
quote:
$11M Q3 loss
That's alot of skrimps
Posted on 11/29/23 at 8:39 am to Bunk Moreland
all the people with the gallon zip lock bags in their purses filling up on skrimp...
seen it...
seen it...
Posted on 11/29/23 at 8:44 am to Bunk Moreland
quote:
Which of you fatties are taking them to the cleaners?
There is only one group of people that goes to Red Lobster.
Posted on 11/29/23 at 8:45 am to Bunk Moreland
quote:in this bitch
Which of you fatties are taking them to the cleaners?
Posted on 11/29/23 at 8:47 am to 3deadtrolls
Growing up in New Orleans, I didn’t know what red lobster was until I joined the Army. Why would anyone in south Louisiana even go to a place like that.
Posted on 11/29/23 at 8:48 am to el Gaucho
quote:
My old lady never wants to go anymore because she had to throw up after the third plate of shrimp last time
After going to the bathroom and throwing up, how much more was she able to eat?
Posted on 11/29/23 at 8:49 am to FinkyStinger
Those biscuits man
Posted on 11/29/23 at 8:50 am to Bunk Moreland
What you mean I can't get all my swimps at Red Lopster on my burfday?
Imagine a chain restaurant that focused on serving quality food as opposed to all you can eat promotions.
Imagine a chain restaurant that focused on serving quality food as opposed to all you can eat promotions.
Posted on 11/29/23 at 8:51 am to Bunk Moreland
The breading used to encase those mini salad shrimp is really expensive.
Posted on 11/29/23 at 8:53 am to Bunk Moreland
I willing to bet not a single pound of them skripms were Louisiana skrimps.
Posted on 11/29/23 at 8:56 am to upgrayedd
quote:
Eatin so many skrimps, we iodine poisonin'
-Three 6 Mafia
almost
Posted on 11/29/23 at 9:03 am to Bunk Moreland
There’s a lot more than the shrimp promotion going in with that loss. They weren’t profitable the previous quarter to begin with, shrimp prices are low because we are allowing the Asian market to dump all their shite into our market at unsustainable rates..
I’m sure they have some charge offs but I’d be willing to say that if you dive into the real issues, you’ll find labor acquisition and retention are killing them along with simply not outpacing general inflation with growth
I’m sure they have some charge offs but I’d be willing to say that if you dive into the real issues, you’ll find labor acquisition and retention are killing them along with simply not outpacing general inflation with growth
This post was edited on 11/29/23 at 9:04 am
Posted on 11/29/23 at 9:04 am to Bunk Moreland
I don't know, end the promotion maybe?
Posted on 11/29/23 at 9:06 am to Bunk Moreland
They should run a Robster Special
Posted on 11/29/23 at 9:25 am to Bunk Moreland
quote:
$11 million loss in the third quarter of 2023
The 'Endless Shrimp' offer was initially a special - but in June it claimed a permanent spot on the Red Lobster menu, and for just $20 diners could indulge in as much of the shellfish as they could stomach.
bumped the price of their Endless Shrimp up to $25
Unless they sold over 2.2M endless shrimp meals, that CFO is going to be in for a huge shock when he closes out Q4.
Posted on 11/29/23 at 9:27 am to Bunk Moreland
Could you sue the parent company if you were a franchisee having to run this deal and losing your arse on it?
Posted on 11/29/23 at 9:33 am to dgnx6
quote:
Could you sue the parent company if you were a franchisee having to run this deal and losing your arse on it?
Doubtful given franchisee agreements.
I know Subway in particular is notorious for corporate mandates on hours and some products that have to be honored regardless of actual costs.
RL franchisees may not be allowed to deny Endless Shrimp nor may they be able to raise the price of it over a certain amount over corporately dictates pricing.
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