December 24: Red Lobster CEO targets morale, menus in turnaround push
The red lobster ceo is pushing a focused, operational turnaround after restaurant bankruptcy. Damola Adamolekun is prioritizing food quality, service, and ambience while cutting costs and fixing leases. New seafood boils, a “Red Carpet Hospitality” program, and selective remodels aim to lift traffic and check. At the same time, a 10% corporate reduction, roughly 200 restaurant role cuts, and aggressive lease renegotiations target margins and cash. We explain the playbook and the key metrics U.S. investors should watch as the Red Lobster turnaround progresses.
Continue Reading on Meyka
This article is available in full on our main platform. Get access to complete analysis, stock insights, and more.
Read Full Article →