Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions
Videos
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Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions
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Carney makes several economic announcements during keynote address at Toronto investment summit
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U.S. trade war dominates Liberal cabinet retreat
01:56 | September 11, 2026
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Canada didn’t choose or escalate trade conflict with U.S., Champagne says
01:27 | September 9, 2026
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Oil climbs above $100 per barrel as attacks by Iran, U.S. further threaten supply
02:23 | September 9, 2026
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U.S.-Canada trade war: Carney releases ‘Forward Guidance’ message as Canadian counter-tariffs come into effect
15:24 | September 8, 2026
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Ottawa’s counter-tariffs kick in Tuesday: Economist breaks down what Canadians can expect
07:25 | September 7, 2026
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Dutch National Bank moves gold out of U.S., Canada
01:51 | September 6, 2026
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King Charles makes Canadian banknote debut on new, vertical $20 bill
02:08 | September 3, 2026
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Bank of Canada holds key rate steady, as risks to inflation and economic growth increase
01:48 | September 2, 2026
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Business Matters: Champagne, Macklem represent Canada at U.S. meeting of G20 finance chiefs
02:34 | August 31, 2026
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Lake Ontario renaming distracts from stalled trade talks
02:00 | August 28, 2026
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Canada’s GDP rises 3.3% in 2nd quarter, but US trade war could halt that momentum
01:37 | August 28, 2026
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Saskatchewan potash, uranium and oil would be plentiful to US if trade deal gets done: Premier Moe
01:06 | August 26, 2026
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U.S. takes notice over Doug Ford’s inflammatory comments about Trump
06:54 | August 26, 2026
Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions
Description
December 1, 2023
Red Lobster announced its "ultimate endless shrimp" deal would become part of its regular menu back in June, a move it hoped would bring in more diners in the summer and fall, when its restaurants are at their emptiest. It worked, but it also left the company with an $11 million loss in their third quarter. Sean Previl explains how the company has adjusted the deal in an attempt to earn back profits, and why it's still going to end up with a big loss going into 2024.
-
Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions01:17 | December 1, 2023 -
Business Matters: IMF upgrades its outlook for economic growth in 2026 but warns of risks02:16 | October 13, 2026 -
Lotto Max jackpot climbs to record-breaking $85 million00:29 | October 10, 2026 -
Carney announces $2B investment helping lower cost of purchasing electric heat pumps02:00 | October 8, 2026 -
Business Matters: Cenovus Energy buying Athabasca Oil in $5.7B deal02:25 | October 5, 2026 -
‘Thousands of new jobs’: Carney announces $33B investment in LNG Canada 202:36 | September 29, 2026 -
Why life insurance deserves a second look04:06 | September 29, 2026 -
Health Matters: Canadian health ministers warn about potential fiscal cliff02:07 | September 29, 2026 -
‘We’re going to win everything, we even have Lake Ontario’: Trump on Canada trade war03:10 | September 28, 2026 -
Business Matters: New U.S. ban on some Canadian products coming Tuesday02:19 | September 28, 2026 -
Business Matters: Canada, France deepen economic and defence ties02:27 | September 21, 2026 -
Liberals to propose major labour code changes02:22 | September 19, 2026 -
‘I’m a friggin’ millionaire’: Ontario man snags $25M Lotto Max jackpot02:14 | September 17, 2026 -
U.S. Fed defies Trump, raising benchmark interest rate for 1st time in 3 years02:46 | September 16, 2026 -
Joly says federal government’s plan is for Canadian pension plans to invest in airports01:17 | September 16, 2026 -
‘If it doesn’t save money, why do it?’: Poilievre on Carney seeking private investments at airports01:04 | September 15, 2026 -
Health Matters: AB government maintaining $100 COVID-19 vaccine fee02:12 | September 15, 2026 -
Carney makes several economic announcements during keynote address at Toronto investment summit08:34 | September 15, 2026 -
Business Matters: Canada’s inflation holds at 3% in August02:28 | September 14, 2026 -
U.S. trade war dominates Liberal cabinet retreat01:56 | September 11, 2026 -
Canada didn’t choose or escalate trade conflict with U.S., Champagne says01:27 | September 9, 2026 -
Oil climbs above $100 per barrel as attacks by Iran, U.S. further threaten supply02:23 | September 9, 2026 -
U.S.-Canada trade war: Carney releases ‘Forward Guidance’ message as Canadian counter-tariffs come into effect15:24 | September 8, 2026 -
Ottawa’s counter-tariffs kick in Tuesday: Economist breaks down what Canadians can expect07:25 | September 7, 2026 -
Dutch National Bank moves gold out of U.S., Canada01:51 | September 6, 2026 -
King Charles makes Canadian banknote debut on new, vertical $20 bill02:08 | September 3, 2026 -
Bank of Canada holds key rate steady, as risks to inflation and economic growth increase01:48 | September 2, 2026 -
Business Matters: Champagne, Macklem represent Canada at U.S. meeting of G20 finance chiefs02:34 | August 31, 2026 -
Lake Ontario renaming distracts from stalled trade talks02:00 | August 28, 2026 -
Canada’s GDP rises 3.3% in 2nd quarter, but US trade war could halt that momentum01:37 | August 28, 2026 -
Saskatchewan potash, uranium and oil would be plentiful to US if trade deal gets done: Premier Moe01:06 | August 26, 2026 -
U.S. takes notice over Doug Ford’s inflammatory comments about Trump06:54 | August 26, 2026
-
Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions01:17 | December 1, 2023
-
Business Matters: IMF upgrades its outlook for economic growth in 2026 but warns of risks02:16 | October 13, 2026
-
Lotto Max jackpot climbs to record-breaking $85 million00:29 | October 10, 2026
-
Carney announces $2B investment helping lower cost of purchasing electric heat pumps02:00 | October 8, 2026
-
Business Matters: Cenovus Energy buying Athabasca Oil in $5.7B deal02:25 | October 5, 2026
-
‘Thousands of new jobs’: Carney announces $33B investment in LNG Canada 202:36 | September 29, 2026
-
Why life insurance deserves a second look04:06 | September 29, 2026
-
Health Matters: Canadian health ministers warn about potential fiscal cliff02:07 | September 29, 2026
-
‘We’re going to win everything, we even have Lake Ontario’: Trump on Canada trade war03:10 | September 28, 2026
-
Business Matters: New U.S. ban on some Canadian products coming Tuesday02:19 | September 28, 2026
-
Business Matters: Canada, France deepen economic and defence ties02:27 | September 21, 2026
-
Liberals to propose major labour code changes02:22 | September 19, 2026
-
‘I’m a friggin’ millionaire’: Ontario man snags $25M Lotto Max jackpot02:14 | September 17, 2026
-
U.S. Fed defies Trump, raising benchmark interest rate for 1st time in 3 years02:46 | September 16, 2026
-
Joly says federal government’s plan is for Canadian pension plans to invest in airports01:17 | September 16, 2026
-
‘If it doesn’t save money, why do it?’: Poilievre on Carney seeking private investments at airports01:04 | September 15, 2026
-
Health Matters: AB government maintaining $100 COVID-19 vaccine fee02:12 | September 15, 2026
-
Carney makes several economic announcements during keynote address at Toronto investment summit08:34 | September 15, 2026
-
Business Matters: Canada’s inflation holds at 3% in August02:28 | September 14, 2026
-
U.S. trade war dominates Liberal cabinet retreat01:56 | September 11, 2026
-
Canada didn’t choose or escalate trade conflict with U.S., Champagne says01:27 | September 9, 2026
-
Oil climbs above $100 per barrel as attacks by Iran, U.S. further threaten supply02:23 | September 9, 2026
-
U.S.-Canada trade war: Carney releases ‘Forward Guidance’ message as Canadian counter-tariffs come into effect15:24 | September 8, 2026
-
Ottawa’s counter-tariffs kick in Tuesday: Economist breaks down what Canadians can expect07:25 | September 7, 2026
-
Dutch National Bank moves gold out of U.S., Canada01:51 | September 6, 2026
-
King Charles makes Canadian banknote debut on new, vertical $20 bill02:08 | September 3, 2026
-
Bank of Canada holds key rate steady, as risks to inflation and economic growth increase01:48 | September 2, 2026
-
Business Matters: Champagne, Macklem represent Canada at U.S. meeting of G20 finance chiefs02:34 | August 31, 2026
-
Lake Ontario renaming distracts from stalled trade talks02:00 | August 28, 2026
-
Canada’s GDP rises 3.3% in 2nd quarter, but US trade war could halt that momentum01:37 | August 28, 2026
-
Saskatchewan potash, uranium and oil would be plentiful to US if trade deal gets done: Premier Moe01:06 | August 26, 2026
-
U.S. takes notice over Doug Ford’s inflammatory comments about Trump06:54 | August 26, 2026
Red Lobster’s ‘ultimate’ endless shrimp deal backfires, costing company millions
Description
December 1, 2023
Red Lobster announced its "ultimate endless shrimp" deal would become part of its regular menu back in June, a move it hoped would bring in more diners in the summer and fall, when its restaurants are at their emptiest. It worked, but it also left the company with an $11 million loss in their third quarter. Sean Previl explains how the company has adjusted the deal in an attempt to earn back profits, and why it's still going to end up with a big loss going into 2024.
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