Red Lobster lost shocking amount of money after endless shri

[fuzzems]

Red Lobster lost shocking amount of money after endless shrimp ‘success’



Red Lobster was hoping to drive customers to their restaurants with an endless shrimp deal and it worked a little too well.



In June, the company offered its Ultimate Endless Shrimp — typically a limited offer — on their regular menu for $20. The attempt to get more people into the store worked, but it came at a cost.



Red Lobster posted an operating loss of more than $11 million in Q3, according to Restaurant Business. A loss that owner Thai Union Group said the Ultimate Endless Shrimp was a “key factor” in.

“We knew the price was cheap, but the idea was to bring more traffic in the restaurants,” Thai Union CFO Ludovic Regis Henri Garnier said, according to a transcript.



Garnier said that more people were choosing the endless shrimp than the company thought would.



According to Men’s Journal, the shrimp fiasco is set to leave the company with a $20 million loss for the year.


www.wtaj.com/news/food-news/red-lobster-lost-shocking-amount-of-money-after-endless-shrimp-success/?utm_source=facebook.com&utm_campaign=socialflow&utm_medium=referral&fbclid=IwAR2J99oUfq9joE3P8BT-GQe8ZwibKq6SBz_C0jk1mBzPrvdXREfD5StuWvo

[Justbec]

I think I've eaten there once.. when I visited my folks.

[Deleted]

Aug 13, 2023 13:33:15 GMT -5 fuzzems said:

The attempt to get more people into the store worked, but it came at a cost.

That's a classic loss leader if there ever was one - offer something at far lower a price than it should be worth in order to draw more customers in. It works but if you're not careful, you can burned on it.

[misspi]

have only eaten at a RL a few times. meal was ok.

$20 seems very cheap for all-you-can-eat. a seafood dinner at about any restaurant at the shore would easily be $20 any day.

[fuzzems]

Nov 26, 2023 17:33:31 GMT -5 @webster said:

Aug 13, 2023 13:33:15 GMT -5 fuzzems said:

The attempt to get more people into the store worked, but it came at a cost.

That's a classic loss leader if there ever was one - offer something at far lower a price than it should be worth in order to draw more customers in. It works but if you're not careful, you can burned on it.

Right.  But with all the marketing geniuses these companies have, seems pretty dumb to be in that position.

[misspi]

i think they've been doing some kind of "endless" offer for quite some time. i wonder why it's just now biting them on the butt? i don't think i've ever done nay serious damage to an "all-you-can-eat" thing, but know i'd get my money's worth in shrimp.

[deyana]

I don't like how lobsters are cooked. Boiled alive, poor things...

[Justbec]

Nov 26, 2023 21:53:01 GMT -5 deyana said:

I don't like how lobsters are cooked. Boiled alive, poor things...

I love lobster but don't think I could do that to them.

[apple]

Nov 26, 2023 21:54:39 GMT -5 Justbec said:

Nov 26, 2023 21:53:01 GMT -5 deyana said:

I don't like how lobsters are cooked. Boiled alive, poor things...

I love lobster but don't think I could do that to them.

I dispatch them seconds before they go in the pot. Put a sharp knife between the eyes and plunge the knife in firmly, and then bring the blade of the knife down so it's parallel to your cutting board.
Takes a second.

[Deleted]

Nov 26, 2023 21:53:01 GMT -5 deyana said:

I don't like how lobsters are cooked. Boiled alive, poor things...

I just don't eat the poor things...

Off the Grid News

n Leviticus, the laws concerning aquatic creatures are addressed:These you may eat of all that are in the water: whatever in the water has fins and scales, whether in the seas or in the rivers—that you may eat…. Whatever in the water does not have fins or scales—that shall be an abomination to you. Leviticus 11:9, 12

Science reveals what may have been God’s reasons for declaring certain sea creatures unfit for human consumption. Clean fish are those that swim in bodies of water while unclean sea life is comprised mostly of predatory scavengers or bottom dwellers. The fish and sea life that do the ocean cleaning are full of toxins and can be harmful to human health. Poisonous fish are generally covered in bristles, spiny scales, thorns or spines and do not have any true scales.

Even though the Biblical dietary laws would have us eat the safest of fish we must still be very careful. Many of these fish are now polluted with heavy metals, as the health and balance of ocean ecosystems becomes disrupted — mostly due to overfishing, toxic chemical spills and pollution.

What about shellfish, crabs and lobster?
Shellfish such as crab and lobster do not have fins or scales and are therefore prohibited for human consumption under biblical dietary laws. However, shellfish is a multi-billion dollar business and eating such aquatic life considered a delicacy in most parts of the world. We know that everything God created has a purpose; so what is the purpose of shellfish, then?

Lobsters are nocturnal bottom walkers and scavengers that scavenge for dead animals and debris on the ocean floor – they are like the vultures of the oceans. Lobsters have even been seen burying dead fish and digging them up a little at a time to eat. Crabs will eat just about anything and are known as professional garbage hunters.

The Encyclopedia of Aquatic Life tells us that crabs, common shrimp and lobsters all feed off of dead and decaying matter. Therein lies their occupation — they were created to be the cleanup crew for the bottoms of lakes, rivers and oceans. They were not intended to be eaten by human beings. Eating raw or undercooked crabs, crayfish, shrimp or snails puts anyone at risk of a severe parasitic infection.

People forget that lobsters - like catfish and shrimp - were never meant for human consumption 'cause they're bottom-feeding animals that feed on, as it said above,"dead and decaying matter."

[deyana]

That's something to think about,@webster.

I cannot eat Sushi either. The thought of eating raw meat or any kind, well it puts me off.

[fuzzems]

Nov 26, 2023 22:18:52 GMT -5 @webster said:

Nov 26, 2023 21:53:01 GMT -5 deyana said:

I don't like how lobsters are cooked. Boiled alive, poor things...

I just don't eat the poor things...

Off the Grid News

n Leviticus, the laws concerning aquatic creatures are addressed:These you may eat of all that are in the water: whatever in the water has fins and scales, whether in the seas or in the rivers—that you may eat…. Whatever in the water does not have fins or scales—that shall be an abomination to you. Leviticus 11:9, 12

Science reveals what may have been God’s reasons for declaring certain sea creatures unfit for human consumption. Clean fish are those that swim in bodies of water while unclean sea life is comprised mostly of predatory scavengers or bottom dwellers. The fish and sea life that do the ocean cleaning are full of toxins and can be harmful to human health. Poisonous fish are generally covered in bristles, spiny scales, thorns or spines and do not have any true scales.

Even though the Biblical dietary laws would have us eat the safest of fish we must still be very careful. Many of these fish are now polluted with heavy metals, as the health and balance of ocean ecosystems becomes disrupted — mostly due to overfishing, toxic chemical spills and pollution.

What about shellfish, crabs and lobster?
Shellfish such as crab and lobster do not have fins or scales and are therefore prohibited for human consumption under biblical dietary laws. However, shellfish is a multi-billion dollar business and eating such aquatic life considered a delicacy in most parts of the world. We know that everything God created has a purpose; so what is the purpose of shellfish, then?

Lobsters are nocturnal bottom walkers and scavengers that scavenge for dead animals and debris on the ocean floor – they are like the vultures of the oceans. Lobsters have even been seen burying dead fish and digging them up a little at a time to eat. Crabs will eat just about anything and are known as professional garbage hunters.

The Encyclopedia of Aquatic Life tells us that crabs, common shrimp and lobsters all feed off of dead and decaying matter. Therein lies their occupation — they were created to be the cleanup crew for the bottoms of lakes, rivers and oceans. They were not intended to be eaten by human beings. Eating raw or undercooked crabs, crayfish, shrimp or snails puts anyone at risk of a severe parasitic infection.

People forget that lobsters - like catfish and shrimp - were never meant for human consumption 'cause they're bottom-feeding animals that feed on, as it said above,"dead and decaying matter."

Well, that's the Old Testament lol.  Gentiles are not under Judaic laws in that regard.  A lot o things are probably NOT meant for human consumption.  No other animals eat cheesecake or drink bloody marys or eat ham and cheese croissants.  But yes they are bottom feeders so something to consider.  And, I am aware of that but I still enjoy eating shrimp, lobster, scallops etc from time to time.

[Springschick]

Catfish are bottom feeders, too.

As well as flounder, cod, halibut, snapper, bass.

[devilwearsprada]

Nov 26, 2023 15:47:29 GMT -5 fuzzems said:

Red Lobster lost shocking amount of money after endless shrimp ‘success’



Red Lobster was hoping to drive customers to their restaurants with an endless shrimp deal and it worked a little too well.



In June, the company offered its Ultimate Endless Shrimp — typically a limited offer — on their regular menu for $20. The attempt to get more people into the store worked, but it came at a cost.



Red Lobster posted an operating loss of more than $11 million in Q3, according to Restaurant Business. A loss that owner Thai Union Group said the Ultimate Endless Shrimp was a “key factor” in.

“We knew the price was cheap, but the idea was to bring more traffic in the restaurants,” Thai Union CFO Ludovic Regis Henri Garnier said, according to a transcript.



Garnier said that more people were choosing the endless shrimp than the company thought would.



According to Men’s Journal, the shrimp fiasco is set to leave the company with a $20 million loss for the year.


www.wtaj.com/news/food-news/red-lobster-lost-shocking-amount-of-money-after-endless-shrimp-success/?utm_source=facebook.com&utm_campaign=socialflow&utm_medium=referral&fbclid=IwAR2J99oUfq9joE3P8BT-GQe8ZwibKq6SBz_C0jk1mBzPrvdXREfD5StuWvo

This is still on the menu because we just ate there recently .