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Red Lobster considering more restaurant closures, CEO says

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14 hours ago

Red Lobster is considering closing more locations as it continues to reevaluate its restaurant footprint in the wake of its 2024 bankruptcy.The seafood chain shuttered roughly 130 restaurants when it went through the bankruptcy process and Red Lobster CEO Damola Adamolekun told The Wall Street Journal in an interview that the company is continuing to review its locations and leases as it considers ways to curb costs.Adamolekun said in the interview that visits have risen, with sales up about 10% from last year, but they haven't recovered to pre-bankruptcy levels and many of the chain's locatio...

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14 hours ago
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