“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 customers after the limited-time promo became a permanent menu fixture last June. The restaurant chain later reported $12.5 million in losses in the fourth quarter of 2023.”
Or… raised the price. You know… capitalism. They seemed to have failed econ 101. Or the bankruptcy is a good way to get out from under debt and start over. It’s the American way.