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Dec 5 - Red Lobster Launches New, Smaller Tasting Plates and Globally-Inspired Entrées


Nov 21 - Red Lobster Adds Nephrops to Their Menu For ‘Ultimate Surf & Turf’ Event


Nov 16 - Moody’s Affirms Red Lobster Debt Rating, but Downgrades Outlook to Negative


Nov 2 - Red Lobster Experimenting with Contemporary Remodel Prototypes


Oct 24 - Red Lobster Experimenting With Delivery Service to Keep Up With Changing Restaurant Market


Sep 13 - Red Lobster Has a "Secret Menu" During Their Endless Shrimp Promotion


Sep 6 - Red Lobster's 2017 Endless Shrimp Promotion Begins With 2 New Offerings


Aug 7 - Thai Union’s Stake in Red Lobster Remains Strong in Second Quarter


Jul 11 - Crabfest Back at Red Lobster with More Non-Snow Crab Offerings: Dungeness and Southern Red Crab


May 31 - Red Lobster Promoting Wild Caught Red Shrimp on Summerfest Menu


May 10 - Thai Union Credits Red Lobster Investment for 19% Hike in Profits with Q1 Sales Steady


May 2 - Red Lobster Brings in New Crabcake Item as Part of Current Promotion


Mar 6 - Red Lobster Adds Maine Lobster Items to Limited Time Lunch Menu for Lobsterfest


Feb 6 - Red Lobster Brings Back Lobsterfest With Four New Combo Entrees


Jan 23 - Thai Union Secures $694 Million in Investment Funds in Strong Support of Red Lobster Deal


Jan 4 - PODCAST: West Coast's Dungeness Fishermen Go on Strike


Jan 3 - Red Lobster Includes Wild Caught Red Shrimp in Limited Time Shrimp Promotion to Start New Year


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Red Lobster Launches New, Smaller Tasting Plates and Globally-Inspired Entrées

SEAFOODNEWS.COM [Seafood News] - December 5, 2017

Small things come with big flavor at Red Lobster. The fast-casual dining chain announced on Monday that they have launched a new menu featuring “Tasting Plates” and “Globally-Inspired” entrées.

“Red Lobster is known as a destination for special occasions and for our seafood events – like Lobsterfest and Endless Shrimp – and we want our guests to continue to come to us for those,” said Red Lobster President, Salli Setta ...

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Red Lobster Adds Nephrops to Their Menu For ‘Ultimate Surf & Turf’ Event

SEAFOODNEWS.COM [Seafood News] - November 21, 2017

Red Lobster is changing their menu for the holiday season and adding Nephrops norvegicus, also known as Norway lobster, into the mix.

The fast-casual chain restaurant announced their limited time “Ultimate Surf & Turf” event in a press release on Monday. The event features five “craveable pairings of seafood and steak,” which allows diners to ...

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Red Lobster Experimenting with Contemporary Remodel Prototypes

SEAFOODNEWS.COM [Seafood News] by Amanda Buckle - November 2, 2017

Red Lobster is getting a new look. The seafood chain’s Manassas, Virginia, location is the first to receive “one of several remodel prototypes,” Prince William Living reports. Changes to the restaurant include a contemporary look that is “lighter” and “brighter” for a more “refreshed seafood experience.”

But the appearance of the restaurant is not the only thing changing. The staff has received new uniforms and new additions have been added to the menu ...

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Red Lobster Has a "Secret Menu" During Their Endless Shrimp Promotion

SEAFOODNEWS.COM [Seafood News] by Amanda Buckle September 13, 2017

The Endless Shrimp promotion is back at Red Lobster – but with a twist. The seafood restaurant chain has a “secret menu” for customers to order off of.

The 2017 Endless Shrimp campaign has a total of five flavors and preparations to choose from, including two new additions to the menu – Nashville Hot Shrimp and Mediterranean Shrimp. However, there are actually five more dishes that the restaurant is not promoting.

So, how do you order these “secret” menu items? You simply need to ...

 

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Thai Union’s Stake in Red Lobster Remains Strong in Second Quarter

SEAFOODNEWS.COM [Seafood News] by Amanda Buckle August 7, 2017

Thai Union, the world’s largest canned tuna producer, is benefitting from the 2016 deal in which they bought a stake in restaurant chain Red Lobster. The seafood chain brought in 235 million baht to the net profit in the second quarter, which translates to over $7 million in US dollars.

“Our strategic investment in Red Lobster and effort in cost control continue to deliver positive results,” said Thai Union Group CEO Thiraphong Chansiri...

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Red Lobster Promoting Wild Caught Red Shrimp on Summerfest Menu

SEAFOODNEWS.COM [SeafoodNews] May 31, 2017

Red Lobster is featuring six new dishes on its menu as part of its Lobster & Shrimp Summerfest promotion, including wild- caught red shrimp from Argentina.

The annual event sees Red Lobster feature unique, seasonally inspired lobster and shrimp dishes on its menu. This summer the promotional event will take advantage of the wild-caught red shrimp the chain introduced on its menu last fall. It was the first time in years Red Lobster started featuring a wild caught shrimp item...

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Red Lobster Brings in New Crab Cake Item as Part of Current Promotion

SEAFOODNEWS.COM [SeafoodNews] - May 2, 2017

Red Lobster announced a new crab cake item, Southern Style Crab Cakes, as part of its Create Your Own Seafood Trio® event.   The current promotion features nine dishes, of which five a new to the chain's menu.  Beginning today and for a limited time, guests can build their perfect plate by choosing from three of nine delicious selections for only $15.99.

This year's Create Your Own Seafood Trio selections include:

Pasta Specialties: NEW! Lobster Cavatappi, Shrimp Linguini Alfredo, Grilled Chicken Alfredo

Classic Favorites: NEW! Southern-Style Crab Cakes, Hand-Breaded Shrimp, Garlic Shrimp Scampi

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Red Lobster Brings Back Lobsterfest With Four New Combo Entrees

SEAFOODNEWS.COM [SeafoodNews] February 6, 2017

Red Lobster announced the return of its annual Lobsterfest promotion with several new menu options that pair lobster with other seafood items.

This year’s promotion is featuring a Lobster Mix and Match selection that lets customers choose any two lobster tails from four choices to create their own entrée – Creamy Shrimp-Topped Lobster Tail, Seafood-Stuffed Lobster Tail, Steamed Maine Lobster Tail, or Grilled Maine Lobster Tail.

The Mix and Match offer is just one of four entrées Red Lobster has rolled out for its annual Losterfest promotion. This year the national chain is pairing its lobster with other seafood and protein options. The entrée include: Wood-Grilled Lobster and Red Shrimp; Stuffed Tilapia with Langostino Lobster and its Lobsterfest® Surf & Turf...

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PODCAST: West Coast's Dungeness Fishermen Go on Strike

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Moody’s Affirms Red Lobster Debt Rating, but Downgrades Outlook to Negative

SEAFOODNEWS.COM  November 16, 2017

Moody’s released an updated rating on Red Lobster’s $380 million of debt securities today.  Moody’s affirmed the debt ratings B3 for corporate debt, which is unchanged.

However, they lowered their long term outlook from stable to negative.

"The change in outlook reflects the company's persistently high leverage and modest interest coverage due in part to continuing weak operating trends." stated Bill Fahy, Moody's Senior Credit Officer. "The affirmation of the B3 CFR considers Moody's expectation that Red Lobster's liquidity will remain strong with the company remaining free cash flow positive and maintaining material unrestricted cash balances" stated Fahy .

Moody’s said “Red Lobster's B3 Corporate Family Rating reflects the company's high leverage, ...

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Red Lobster Experimenting With Delivery Service to Keep Up With Changing Restaurant Market

SEAFOODNEWS.COM [Seafood News] by Amanda Buckle - October 24, 2017

Red Lobster is testing delivery service. The fast casual chain restaurant announced Monday that New York residents will be able to order from the restaurant’s full menu for delivery via the Grubhub app.

“We’re excited to test delivery in New York City to give our guests a convenient, new way to enjoy our delicious, freshly-prepared seafood,” Salli Setta, the president of the national chain, said in a press release. “Delivery is a platform that is ...

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Red Lobster's 2017 Endless Shrimp Promotion Begins With 2 New Offerings

SEAFOODNEWS.COM [Seafood News] September 6, 2017

Shrimp lovers will want to flock to Red Lobster. The restaurant chain is bringing back their annual “Endless Shrimp” promotion for a limited time, giving customers the opportunity to “mix and match their shrimp selections.”

“This year, Red Lobster is giving guests the most abundant and generous portions on their initial order, making it the best Endless Shrimp experience yet,” Chef Dustin Hilinski, executive chef and director of culinary at Red Lobster, said in a statement. “And this year’s new flavors are ...

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Crabfest Back at Red Lobster with More Non-Snow Crab Offerings: Dungeness and Southern Red Crab

 SEAFOODNEWS.COM [Seafod News] July 11, 2017

 Crabfest®, is back at Red Lobster®! For a limited time Red Lobster is inviting guests to explore the restaurant's largest variety of wild-caught crab it offers all year, including two new types of crab – Dungeness and Southern King.

Red Lobster says diners can dive into its new "NEW! Dueling Crab Legs™" – a pairing of Pacific Northwest Dungeness and sweet Snow crab legs, or they can try the "NEW! Southern King Crab Leg ...

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Thai Union Credits Red Lobster Investment for 19% Hike in Profits with Q1 Sales Steady

SEAFOODNEWS.COM [SeafoodNews] May 10, 2017

Thai Union Group said sales contributions from Red Lobster helped offset higher raw material prices for tuna and shrimp as the company posted a rise in net profits for the first quarter.

Thai Union reported a 19.3 percent increase in first-quarter profits. The company’s sales were up marginally, less than one percent.

Sales contributions from Thai Union’s frozen and chilled seafood business were up 5.6 percent over the same period last year, despite continued sluggish demand in Europe. In addition, PetCare and value-added product sales grew 17.4 percent year-over-year due to new product launches and continued market penetration improvement...

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Red Lobster Adds Maine Lobster Items to Limited Time Lunch Menu for Lobsterfest 

SEAFOODNEWS.COM [SeafoodNews] - March 6, 2017

Red Lobster is expanding its Lobsterfest promotion to its lunch menu with the addition of a Maine lobster roll among other lunchtime offerings that feature lobster.

The national seafood chain’s Lobster Lover's Lunch will, for a limited-time, offer customers a Lobster Roll with French Fries, Lobster-Topped Caesar Salad or one-half Lobster and Langostino Pizza paired with guests' choice of a side salad or cup of soup for $9.99. 

The Lobster Roll features sweet Maine lobster meat tossed in lemon aioli on a toasted roll. The Lobster-Topped Caesar Salad is another exclusive item on the Lobster Lover's Lunch that pairs Red Lobster's Classic Caesar Salad with Maine lobster meat...

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Thai Union Secures $694 Million in Investment Funds in Strong Support of Red Lobster Deal

SEAFOODNEWS.COM by Michael Ramsingh - January 23, 2017

Thai Union Public Group secured $694 million in funding in a sign of strong investor and banking sector support of its recent investment in Red Lobster.

The company said it successfully completed a book building for 12 million Thai Baht (US$339 million) in long term funding. Thai Union said it was the largest number of debentures ever issued by the compabny. The issuance included 3 year, 5 year, 7 year and 10 year bonds. 

Bangkok Bank PCL, Bank of Ayudhya PCL, and Siam Commercial Bank PCL were Lead Managers...

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Red Lobster Includes Wild Caught Red Shrimp in Limited Time Shrimp Promotion to Start New Year

SEAFOODNEWS.COM [SeafoodNews] January 3, 2017

Red Lobster launched its Big Festival of Shrimp promotion for a limited-time. The promotion offers guests to choose from among six new and classic shrimp preparations for just $15.99, including the chain's recently launched wild caught red shrimp from Argentina. 

Starting this week guests will be able to choose two of Red Lobster's existing shrimp recipes in addition to preparations that were just announced. The new menu options include Creamy Shrimp-and-Cheese Linguini; Bourbon-Brown Sugar Grilled Shrimp...

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