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$76 million net loss

Coverage of $76 million net loss in the Nexus archive.

Earliest in view: Apr 21 · 17:58 UTCMost recent: Apr 21 · 17:58 UTC
Co-mentioned in this coverage
Red Lobsterorganization1Chapter 11 bankruptcytopic1endless shrimp promotiontopic1high inflationtopic1unsustainable rent coststopic1poor managementtopic1
Recent coverage
  • BUSINESSApr 21 · 17:58 UTCKTLA 5
    Endless Shrimp to Red Lobster for limited time after past financial strain

    Red Lobster has reintroduced its popular endless shrimp promotion after discontinuing it in 2024 due to financial struggles. The chain filed for Chapter 11 bankruptcy, closed 130 restaurants, and reported a $76 million net loss in 2023, citing high inflation, unsustainable rent costs, and poor management as key issues.

$76 million net loss · Dossier · The Nexus