Red Lobster considering more restaurant closures, CEO says

Red Lobster CEO says chain may shutter more restaurants: WSJ

Red Lobster CEO Damola Adamolekun told The Wall Street Journal that the seafood chain would like to close more low-performing restaurants.

Red Lobster considering more restaurant closures, CEO says

Red Lobster's new CEO said sales are up 10% from last year, but the restaurant is still working to repair a "very damaged brand."

Red Lobster May Cut Bait On More Locations Amid Comeback, CEO Says: WSJ

Red Lobster could close more restaurants as the seafood chain recovers from its 2024 bankruptcy.The Orlando, Florida-based company is reviewing its real-estate footprint and leases to cut costs, CEO Damola Adamolekun told The Wall Street Journal. Red Lobster previously shut down about 130 restaurants while navigating the bankruptcy process in 2024.The chain filed for Chapter 11 bankruptcy in May 2024 after years of declining traffic and mounting…