Red Lobster Restaurants To Close

Red Lobster

R.I.P. Red Lobster. The seafood restaurant chain is reportedly closing up shop.

According to New York Times, its parent company Darden Restaurants announced Thursday (Dec. 19) that Red Lobster is planning to execute “a tax-free spin-off” or sell of the franchise completely.

Apparently, investors and analysts have pressured Darden about its future and how it planned to bring back consumers after the recession. Though it’s one of the biggest companies in the casual dining industry, with a market value of $6.7 billion, its core chains — Red Lobster being its first — have had stagnant growth.

Red Lobster has 705 restaurants in the U.S. and Canada, and had annual sales of about $2.6 billion in the company’s 2013 fiscal year.

It’s unclear when the locations would begin closing or changing at press time.

In addition to Red Lobster’s closure, Darden also plans to halt expansion at its core Olive Garden chain, and slowing down opening new locations for LongHorn Steakhouse.

69 comments
  1. oh lord please let me have the shell fish again before they close…

  2. maybe they should make the portions smaller, as both of them pile the food on your plate, in a nation of obese citizens…

  3. you guys SUCK !!! that’s my daughters and my FAVORITE restaurant!!!!!!! BOOOOOOOOOOOOO !!!!!!!!!!!

  4. Every time I go to Red Lobster, I get the same thing…diarrhea.
    Red Lobster is to Seafood as McDonald’s is to steak.

  5. Notice nowhere did it say Red Lobster was “losing” money. It just isn’t making enough to satisfy it’s investors. Sad state of affairs in todays world, when an ROI dictates a long standing institute being shut down. I wonder how much Darden makes off of RL. I’m guessing somewhere between 6-8%. That used to be good enough. Now, if it isn’t 15% or more, it’s “stagnant”. Yeah right. Greed will eventually shut down all medium tier profitable companies.

  6. Probably bought out by Cerner Corp and will be shut down, everyone will lose their jobs with 1 days notice, and the Cerner yuppies will sip champagne and eat caviar overlooking LaJolla, CA sunset view and giggle about how they “Did another deal”!

  7. Good, they are to damn expensive for me. Always want to go to one of them but could never really afford them.

  8. You can buy the Red Lobster cheddar biscuit mix at Walmart and fix the biscuits at home!

  9. I am so bummed out. Shrimp Scampi, my favorite of all time. I first had it at a Red Lobster. I try to make them and the biscuits at home, but they never taste as good. I hope they are spun off and not sold. Also remain the same–food wise.

  10. Adios Red Lobster.
    You should have concentrated on preparing GOOD seafood, instead of concentrating on volume.

  11. Where in the NY Times article — or anywhere else for that matter — does it say that Red Lobster locations will be “shutting down”? Do you not understand that spinning off Red Lobster does not mean that Red Lobster restaurants are closing?

  12. Over the last 2 years, I gave our location in Grand Junction 3 chances…..epic fail everytime. Salty mushy expensive….onetime, they were out of bisquits for the whole meal….then offered some with the desert menu……that was the end for me, Good riddens….. I remember my first time eating at Red Lobster in Kansas City back in the 70’s….they were excellent.

  13. Who writes the stuff? They reference a story from the NY Times, but change the story?? Red Lobster is not closing.
    NY Times headline-
    Red Lobster to Be Split From Darden’s Empire

  14. THIS PLACE SHOULD CLOSE BECAUSE THE FOOD IS NO LONGER ANY GOOD. WHEN THEY USED AND COOKED FOOD FROM THE MENUS THAT THEY USED WHEN IT WAS FIRST OPENED, IT WAS VERY GOOD….BUT NOW MANAGEMENT HAS RUINED THE BUSINESS…..TRYING TO CUT CORNERS WITH THE MENU AND POOR QUALITY COOKING….THE PAST THREE TIMES I TRIED TO EAT IN ONE OF THEIR PLACES THE FOOD WAS AWFUL….IT WAS SENT BACK TWICE AND STILL NO GOOD….THE PEOPLE AT THE TOP ARE RESPONSIBLE FOR THIS HAPPENING AND SHOULD BE HELD ACCOUNTABLE.

  15. Red Lobster is my favorite Restaurant. I always go there for my birthdays and other celebrations.

  16. Oh I love Red Lobster biscuits too. THEY ARE THE BEST! DID YOU SEE TITANIC THE OTHER NIGHT? I will definitely have to visit Red Lobster before the fiscal cliff! God Bless us one and all.

  17. Oh I love Red Lobster biscuits too. THEY ARE THE BEST! DID YOU SEE TITANIC THE OTHER NIGHT? I will definitely have to visit them before the fiscal cliff.

  18. ha ha made ya look
    yahoo is turning into that annoying kid that nobody likes

  19. Any states or cities on the coasts already know that there are much better, local options for REAL seafood with LARGE portions and higher quality with much lower sodium! Red Lobster is a joke of a seafood place here on the east coast and I imagine, the west and gulf coasts too.

  20. Well, my experience with Red Lobster and Longhorn Steakhouse is that the food is terrible and the service is absolutely horrific. They probably should close but you’d think Darden would be more interested in fixing the problem instead of selling it to someone else. In the end, however, it doesn’t matter to me because I have stopped visiting those restaurant disasters a long time ago.

  21. the problem with red lobster is the quality of food and amount served has dropped over the years. you use to get fresh crabs and a pound was a pound, now it should be weighted when ordered. the crabs have beed frozen for so long when you try to get it out of the shell it sticks. use to suck right out and taste good. my wife and i use to look forward to a red lobster diner. change what i said and the customers will be coming back. hope they don’t close.

  22. “Making money” is obviously not enough by itself. If you invest one million bucks, and there is a $20 net profit for you, yeah, great…..you are making money. But it has to be enough to justify the investment, no? It has nothing whatsoever to do with “greed”, just basic principles of finance.

  23. Red LObster is still the best place for seafood. Don’t go back if you don’t like too.

  24. I have some decent meals @ Red Lobster’s it’s not like we go every week but have yet to have a reason to insult the food, the service or the price and for the record a $100 is not a lot for 2.

  25. Yeah but if you don’t live on the “Coast” you are out of luck.

  26. I have heard almost all their stuff comes from China now. I guess that is their problem?

  27. I have stop eating at red lobster because of poor service ,I will not miss them

  28. Very misleading headline. Bad for Darden’s business. Where is the correction from this site??

  29. Red Lobster is an excellent sea food restaurant.
    No need to use non-advisable techniques …..please.

  30. don’t worry the republicons can blame the unions or obama care and there brain dead followers will believe it

  31. We go to Red Lobster fairly often, and haven’t been disappointed. We noticed when their prices went up, but will use a coupon and still go there. The restaurant in Chula Vista sure seems to have a pretty brisk business.

  32. You can buy the biscuit mix for red lobster cheddar bay biscuits in the stores now
    I made them and they were yummy

  33. Go find a local restaurant that does seafood. Keep your money local instead of giving it to a corporate entity.

  34. The one in our part of the city does NOT have a happy hour.

  35. I’ve always felt that Red Lobster was over priced for what you got on your plate.
    No big loss to me if they close!!!

  36. Red Lobster is a terrible excuse for a restaurant and honestly, fast food is better. Anyone that likes Red Lobster probably has never been to a good restaurant in their life and lives off of chain crap.

  37. My GF used to swear by Red Lobster. Last year, I took her to a real seafood restaurant on City Island (Bronx, NY). No more Red Lobster for her!!!!

  38. Used to be good, and, a good deal.
    It’s been “managed” into the ditch.
    Continually charging more for less, does not keep people coming back.
    Endlessly ever increasing profits are not going to happen.
    The writing is on the wall.
    People are being squeezed dry by corporate greed.
    Job loss, stagnant, and/or backsliding wages.
    The customers are tapped out.
    Those at the bottom are already down for the count.
    And, the middle class is on the ropes.
    It’s almost over.

  39. Stupid management theories these days. They’re making money, they’re just not INCREASING the amount they make by ENOUGH to satisfy some stupid banker in a government-bailed-out office somewhere.

    Yeah, those bankers, geniuses. Keep following their advice, Darden. Enron did.

  40. If you really think Red Lobster is good seafood….you should be spun off or closed yourself !!

  41. Darden said it is a false rumor and they are not closing. More lies from the New York Times.

  42. McDonald’s doesn’t sell steak or even pretend to sell steak ergo false comparison.

  43. You’re the reason our country has Obamacare. Go away moron. Red Lobster needs to close because the pacific ocean is poisoned with radiation incase you haven’t done any research. But have fun with your radiated seafood.

  44. RL doesn’t get their biscuit mix from Swans … or Schwanns. They have distribution centers that deliver to them exclusively .

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