Red Lobster Reportedly Considering Filing for Bankruptcy, Jokes Fly<\/title><\/p>\n<link rel=\"alternate\" type=\"application\/rss+xml\" title=\"Celebrity Gossip | Entertainment News | Celebrity News | TMZ.com\" href=\"http:\/\/www.tmz.com\/rss.xml\"\/>\n<p><meta name=\"google-site-verification\" content=\"UUmtbUBf3djgPpCeLefe_PbFsOc6JGxfXmHzpjFLAEQ\"\/><br \/>\n<meta name=\"verify-v1\" content=\"Wtpd0N6FufoE2XqopQJoTjWV6Co\/Mny9BTaswPJbPPA=\"\/><br \/>\n<meta name=\"msvalidate.01\" content=\"AFEB17971BCF30779AEA662782EF26F4\"\/><br \/>\n<meta name=\"y_key\" content=\"14cb04e4656b0c58\"\/><br \/>\n<meta name=\"p:domain_verify\" content=\"933e74ace98032aadbc3328616280038\"\/><\/p>\n<link rel=\"canonical\" href=\"https:\/\/www.tmz.com\/2024\/04\/16\/red-lobster-considering-filing-bankruptcy\/\"\/>\n <meta name=\"robots\" content=\"index,follow,max-image-preview:large\"\/><br \/>\n <meta name=\"description\" content=\"Red Lobster is reportedly mulling over bankruptcy, and while this is 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\/>\n<\/p>\n<p> <\/p>\n<nav class=\"nav js__nav\" id=\"masthead-nav\" aria-hidden=\"true\">\n<p> <br \/>\n<\/nav>\n<p><\/p>\n<nav id=\"tip\" class=\"tip js__tip\">\n <button id=\"tip__btn-close\" class=\"tip__btn-close js__btn--tip-toggle\" aria-label=\"Close\" type=\"button\">\u2715<\/button><\/p>\n<\/nav>\n<p><\/p>\n<p> <\/p>\n<div class=\"main-wrapper main-wrapper--news main-wrapper--has-sidebar\">\n <main id=\"main\" class=\"main\"><\/p>\n<article class=\"article article--permalink \">\n<header class=\"article__header\">\n<h2 class=\"article__header-title\">\n <span class=\"article__hf1 text-uppercase h3\">Red Lobster<\/span><br \/>\n <span class=\"article__hf2 text-uppercase h1\">Reportedly Considering Bankruptcy …<\/span><br \/>\n <span class=\"article__hf3 text-none h2\">Get Your Biscuits Now?!?<\/span><br \/>\n <\/h2>\n<p> <br \/>\n <\/header>\n<p><\/p>\n<div class=\"article__blocks clearfix\" readability=\"42.5\">\n<section id=\"cb-4fd27dfd7ac89c04eb033afe4e970f95\" class=\"canvas-block canvas-block-permalink canvas-image-block canvas-image-block-permalink canvas-image-block--default canvas-block-is-first \">\n<div class=\"image-block\">\n <a class=\"js-click-image js-track-link image-lightbox-preview\" data-node-ref=\"tmz:image-asset:image_jpg_20240416_6b877cf22753437fb07e26b5af3a854f\" data-container-ref=\"tmz:article:69429877-4560-4c0c-98a1-2ef49b44f8ee\" data-context=\"{"section":"permalink","name":"image"}\"><\/p>\n<div class=\"img-wrapper\">\n<p> <img decoding=\"async\" title=\"Entertainment Culture\" width=\"728\" height=\"546\" class=\"img-fluid image-block__img-fluid img-aspect-auto\" src=\"https:\/\/imagez.tmz.com\/image\/6b\/4by3\/2024\/04\/16\/6b877cf22753437fb07e26b5af3a854f_md.jpg\" loading=\"lazy\" alt=\"red lobster\"\/>\n <\/div>\n<p> <\/a>\n <\/div>\n<\/section>\n<p><\/p>\n<section id=\"cb-900a796118cd32621905cadbff437ef2\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{"section":"permalink","name":"text_block"}\" readability=\"30\">\n<p>Red Lobster is reportedly mulling over bankruptcy, and while this is far from the end for them as a business … some online are certainly treating it that way, with jokes galore.<\/p>\n<\/section>\n<p><\/p>\n<section id=\"cb-fc205544e14fe5390833f78396d75fb5\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{"section":"permalink","name":"text_block"}\" readability=\"31\">\n<p>According to Bloomberg, the famous seafood restaurant chain is considering its options to restructure some of its debt and other expenses it has on its plate right now — including leases they have under its name, not to mention rising labor costs.<\/p>\n<\/section>\n<p><\/p>\n<section id=\"cb-e239f0cb3052470e38860cb64f977d56\" class=\"canvas-block canvas-block-permalink canvas-image-block canvas-image-block-permalink canvas-image-block--default \">\n<div class=\"image-block\">\n <a class=\"js-click-image js-track-link image-lightbox-preview\" data-node-ref=\"tmz:image-asset:image_jpg_20240416_fd1b6ee3eca943038fbaa9d554148522\" data-container-ref=\"tmz:article:69429877-4560-4c0c-98a1-2ef49b44f8ee\" data-context=\"{"section":"permalink","name":"image"}\"><\/p>\n<div class=\"img-wrapper\">\n<p> <img decoding=\"async\" width=\"728\" height=\"546\" class=\"img-fluid image-block__img-fluid img-aspect-auto\" src=\"https:\/\/imagez.tmz.com\/image\/fd\/4by3\/2024\/04\/16\/fd1b6ee3eca943038fbaa9d554148522_md.jpg\" loading=\"lazy\" alt=\"red lobster\"\/>\n <\/div>\n<p> <\/a>\n <\/div>\n<\/section>\n<p><\/p>\n<section id=\"cb-60954114d7dbc3b443165cc76ee0c840\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{"section":"permalink","name":"text_block"}\" readability=\"32\">\n<p>Apparently, it’s Chapter 11 bankruptcy that’s on the table … which, if they pursue that, would mean they could still run their operation while sorting out their debts with creditors, etc.<\/p>\n<\/section>\n<p><br \/>\n<a id=\"continued\" class=\"continued-anchor\"\/><\/p>\n<section id=\"cb-2036ce6f22d88ddc879a93f11c9d3eb5\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{"section":"permalink","name":"text_block"}\" readability=\"32\">\n<p>Of course, them considering filing for bankruptcy doesn’t mean Red Lobster is going under … and yet, X is having a field day with the news regardless — with a lot of folks joking that they might need to run and grab some last-minute bites, like their famous delicious biscuits.<\/p>\n<\/section>\n<p><\/p>\n<section id=\"cb-91ea6b867e72d9b117bfe64f0380ed46\" class=\"canvas-block canvas-block-permalink canvas-instagram-media-block canvas-instagram-media-block-permalink canvas-instagram-media-block--default \" readability=\"-24\">\n<div id=\"cb-91ea6b867e72d9b117bfe64f0380ed46-1344124169-target\" class=\"d-flex justify-content-center\" readability=\"32\">\n<p>Waiting for your permission to load the Instagram Media.<\/p>\n<\/div>\n<\/section>\n<\/div>\n<\/article>\n<p><\/main><\/div>\n<div style=\"padding-top: 8px;\" readability=\"7\">\n<p>\n View this post on Instagram<\/p>\n<\/p><\/div>\n<p> <\/p>\n<section id=\"cb-a2c640251331dfdf6e0c76aed53bef61\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{"section":"permalink","name":"text_block"}\" readability=\"29\">\n<p>Some are saying they’ll have to use their old gift cards before bankruptcy court kicks in — and others are making “hot water” cracks, not to mention ‘Office’ jokes (I DECLARE BANKRUPTCY.)<\/p>\n<\/section>\n<p><\/p>\n<section id=\"cb-b4faf12d9f1d2145bac28c30e2dc46bb\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{"section":"permalink","name":"text_block"}\" readability=\"30\">\n<p>There’s also this tidbit that some are resurfacing amid this news — namely, the fact that Red Lobster’s recent endless shrimp reportedly hurt their bottom line quite badly … only for them to pivot to endless lobster after reporting a $12.5 million operating loss in ’23’s 4th quarter.<\/p>\n<\/section>\n<p><\/p>\n<section id=\"cb-6d2901578c9a53315b12df2ba02cf090\" class=\"canvas-block canvas-block-permalink canvas-instagram-media-block canvas-instagram-media-block-permalink canvas-instagram-media-block--default \" readability=\"-24\">\n<div id=\"cb-6d2901578c9a53315b12df2ba02cf090-1557964485-target\" class=\"d-flex justify-content-center\" readability=\"32\">\n<p>Waiting for your permission to load the Instagram Media.<\/p>\n<\/div>\n<\/section>\n<p><\/p>\n<section id=\"cb-52c3b129bbbd1719d95b4c7482aef48b\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{"section":"permalink","name":"text_block"}\" readability=\"31\">\n<p>Even before the $12 mil hit … Red Lobster was bleeding cash, with reports saying they’d suffered a $19 million loss through the first 9 months of ’23 … attributed to the pandemic, among other issues. Some minority owners in the biz have also started to jump ship.<\/p>\n<\/section>\n<p><\/p>\n<section id=\"cb-7ad918bfb0c200125703351d359dc03e\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{"section":"permalink","name":"text_block"}\" readability=\"29\">\n<p>There’ve been other financial woes that have been reported about them — and now, it looks like the <del>chickens<\/del> lobsters have come home to roost … or so it seems.<\/p>\n<\/section>\n<p><\/p>\n<section id=\"cb-dfabf3f7a607baa88c06297cda10edb7\" class=\"canvas-block canvas-block-permalink canvas-image-block canvas-image-block-permalink canvas-image-block--default \">\n<div class=\"image-block\">\n <a class=\"js-click-image js-track-link image-lightbox-preview\" data-node-ref=\"tmz:image-asset:image_jpg_20240416_3d10af9356ad41acbe16b403a9e62794\" data-container-ref=\"tmz:article:69429877-4560-4c0c-98a1-2ef49b44f8ee\" data-context=\"{"section":"permalink","name":"image"}\"><\/p>\n<div class=\"img-wrapper\">\n<p> <img decoding=\"async\" width=\"728\" height=\"546\" class=\"img-fluid image-block__img-fluid img-aspect-auto\" src=\"https:\/\/imagez.tmz.com\/image\/3d\/4by3\/2024\/04\/16\/3d10af9356ad41acbe16b403a9e62794_md.jpg\" loading=\"lazy\" alt=\"red lobster\"\/>\n <\/div>\n<p> <\/a>\n <\/div>\n<\/section>\n<p><\/p>\n<section id=\"cb-e4f37d04050d5c86836363abeba42630\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default canvas-block-is-last \" data-context=\"{"section":"permalink","name":"text_block"}\" readability=\"21.9784946237\">\n<p>First the <a href=\"https:\/\/www.tmz.com\/2024\/04\/05\/99-cents-only-stores-closing-down-across-country-financial-money-issues\/\"><strong>99 Cents Only stores<\/strong><\/a> … and now, potentially this. It’s (maybe) the end of an era.<\/p>\n<\/section>\n<p><\/p>\n<p> <\/p>\n<section class=\"related-articles\">\n<header class=\"card-section-header related-articles__card-section-header\">\n<h3 class=\"card-section-title related-articles__card-section-title\">\n related articles<br \/>\n <\/h3>\n<\/header>\n<\/section>\n<section class=\"tag-cloud\">\n<\/section>\n<p><\/p>\n<p> <\/p>\n<p><\/p>\n<p> <br \/>\n<\/p>\n<p> <br \/>\n<\/p>\n<p> <br \/>\n<\/p>\n<p> <br \/>\n<\/p>\n<p> <\/p>\n<p><\/p>\n<p><br \/>\n <\/p>\n<div id=\"browser-notifications-prompt\" class=\"browser-notifications-prompt\" readability=\"7\">\n<h3 class=\"browser-notifications-prompt__section-title\">\n Old news is old news! <br class=\"browser-notifications-prompt__break-tag\"\/>Be First!<br \/>\n <\/h3>\n<p>\n Get TMZ breaking news sent right to your browser!\n <\/p>\n<\/div>\n<p> <\/p>\n<p><\/p>\n<p><\/body>\n<\/div>\n\n<p><a href=\"https:\/\/www.tmz.com\/2024\/04\/16\/red-lobster-considering-filing-bankruptcy\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Red Lobster Reportedly Considering Filing for Bankruptcy, Jokes Fly \u2715 Red Lobster Reportedly Considering Bankruptcy … Get Your Biscuits Now?!? Red Lobster is reportedly mulling […]<\/p>\n","protected":false},"author":1075,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-298189","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/298189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/users\/1075"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/comments?post=298189"}],"version-history":[{"count":0,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/298189\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/media?parent=298189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/categories?post=298189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/tags?post=298189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

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