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Normal
05-14-2024, 11:16 AM
Red Lobster closed many restaurants yesterday.
Many Red Lobster restaurants close across Central Florida, nationwide amid financial woes (https://www.clickorlando.com/news/local/2024/05/13/many-red-lobster-restaurants-close-across-central-florida-nationwide-amid-financial-woes/)

I guess Tesla and Walmart aren’t the only ones.

Rainger99
05-14-2024, 12:06 PM
Many of them are in Florida - including Leesburg

Altamonte Springs
Daytona Beach Shores
Gainesville
Hialeah
Jacksonville (Commerce Center Drive)
Jacksonville (Baymeadows Road)
Jacksonville (City Station Drive)
Kissimmee
Largo
Leesburg
Orlando (E. Colonial Dr.)
Orlando (W. Colonial Dr.)
Orlando (Golden Sky Lane)
Sanford
Tampa (East Busch Blvd.)
Tampa (Palm Pointe Dr.)

Shipping up to Boston
05-14-2024, 12:09 PM
Red Lobster closed many restaurants yesterday.
Many Red Lobster restaurants close across Central Florida, nationwide amid financial woes (https://www.clickorlando.com/news/local/2024/05/13/many-red-lobster-restaurants-close-across-central-florida-nationwide-amid-financial-woes/)

I guess Tesla and Walmart aren’t the only ones.

I honestly never understood in states that have access to the ocean and fresh seafood.....why Red Lobster lasted this long in those areas.

justjim
05-14-2024, 12:21 PM
Darden Restaurants sold Red Lobster in 2014. They saw the “hand writing on the wall”. Smart move on their part.

Keefelane66
05-14-2024, 12:25 PM
No loss visited once not what I would call a good seafood restaurant. Having been to Seafood Shack in Leesburg and Essex Seafood House, Pierson Fl much better than Red Lobster.

manaboutown
05-14-2024, 12:56 PM
Forty five years ago I had a seating issue with my wife and young children at a Red Lobster in Albuquerque, NM. I have been into one since.

Stu from NYC
05-14-2024, 03:51 PM
Their cheese biscuits are outstanding. Never saw the point of going there just for them.

Philipd411
05-14-2024, 04:39 PM
Red Lobster closed many restaurants yesterday.
Many Red Lobster restaurants close across Central Florida, nationwide amid financial woes (https://www.clickorlando.com/news/local/2024/05/13/many-red-lobster-restaurants-close-across-central-florida-nationwide-amid-financial-woes/)

I guess Tesla and Walmart aren’t the only ones.

I love Red Lobster

Papa_lecki
05-14-2024, 06:03 PM
They are filing for bankruptcy.

Won’t be the last restaurant chains

AMB444
05-14-2024, 06:10 PM
I honestly never understood in states that have access to the ocean and fresh seafood.....why Red Lobster lasted this long in those areas.

Yeah, it's weird but people get familiar with brands and stick with it even when there are better quality products elsewhere.

MrChip72
05-14-2024, 07:51 PM
They are filing for bankruptcy.

Won’t be the last restaurant chains

It's restaurants like Red Lobster that are basically 90% the same as they were 20 years ago that this is happening to. Outback and Olive Garden are doing just fine, but they update their menus and mix in different concepts to keep things interesting.

Stu from NYC
05-14-2024, 09:41 PM
Yeah, it's weird but people get familiar with brands and stick with it even when there are better quality products elsewhere.

People just get comfortable

Ellwoodrick
05-15-2024, 04:34 AM
I always thought RL was overpriced for the menu fair anyway. Quit them long ago…

ithos
05-15-2024, 04:40 AM
I honestly never understood in states that have access to the ocean and fresh seafood.....why Red Lobster lasted this long in those areas.

I honestly never understood why people go to Aw Shucks instead of Bluefin Grill.:rolleyes:(sarc)

Desiderata
05-15-2024, 05:26 AM
It's restaurants like Red Lobster that are basically 90% the same as they were 20 years ago that this is happening to. Outback and Olive Garden are doing just fine, but they update their menus and mix in different concepts to keep things interesting.

Outback just announced that they are closing 41 restaurants.

MikeN
05-15-2024, 05:27 AM
All they serve is frozen food. No loss. Sad for the employees who lost their jobs

dewilson58
05-15-2024, 05:31 AM
Their cheese biscuits are outstanding. Never saw the point of going there just for them.

Make at home..............

Copycat Red Lobster Cheddar Bay Biscuits (https://www.spendwithpennies.com/red-lobster-cheddar-bay-biscuits/)

Caymus
05-15-2024, 05:54 AM
Make at home..............

Copycat Red Lobster Cheddar Bay Biscuits (https://www.spendwithpennies.com/red-lobster-cheddar-bay-biscuits/)

I remember seeing the boxed biscuit mix at BJ's.

OhioBuckeye
05-15-2024, 08:11 AM
Like a lot of restaurants it’s just getting to expensive to eat out, like going to McDonalds to get a Hamburger, Small Fries & a small drink, it’s about 10 to $15. Now Red Lobster for me & my wife , 35 to $40.

MrFlorida
05-15-2024, 08:12 AM
You raise the minium wage, the resturants raise the prices. Everything gets passed to the customer... Places go out of business....simple

Stu from NYC
05-15-2024, 08:16 AM
Make at home..............

Copycat Red Lobster Cheddar Bay Biscuits (https://www.spendwithpennies.com/red-lobster-cheddar-bay-biscuits/)

The problem with this recipe it tells me how unhealthy these biscuits really are. Better to eat once in awhile than making a batch.

Thanks for the info

Ecuadog
05-15-2024, 08:32 AM
Make at home..............

Copycat Red Lobster Cheddar Bay Biscuits (https://www.spendwithpennies.com/red-lobster-cheddar-bay-biscuits/)

Publix

charlieo1126@gmail.com
05-15-2024, 08:41 AM
You raise the minium wage, the resturants raise the prices. Everything gets passed to the customer... Places go out of business....simple or it could have been the 9 million dollars or more they lost in the unlimited shrimp plates and didn’t stop even when they knew it was a disaster , it tells you how stupid management was running the business , but oh yeah let’s blame it on a small raise for workers

collie1228
05-15-2024, 08:52 AM
I read an article recently in a major business publication that predicted that Red Lobster's all you can eat shrimp promotions were leading them to bankruptcy. It is completely unsustainable. Case closed.

Topspinmo
05-15-2024, 09:39 AM
I don’t have fish in this, I don’t like seafood. Closest thing to eating seafood for me would be long johns silvers. :oops:I once when to all you can eat catfish cabin which had seafood. I watches herds circling loading up plate after plate of Alaskan snow crabs legs. When they they got done looks like piles of bones stacked two feet on Table like old west pictures of buffalo bones stacked up. The restaurant lasted about 5 months before they was eat out of business.

Stu from NYC
05-15-2024, 09:42 AM
I don’t have fish in this, I don’t like seafood. Closest thing to eating seafood for me would be long johns silvers. :oops:I once when to all you can eat catfish cabin which had seafood. I watches herds circling loading up plate after plate of Alaskan snow crabs legs. When they they got done looks like piles of bones stacked two feet on Table like old west pictures of buffalo bones stacked up. The restaurant lasted about 5 months before they was eat out of business.

Amazing how restaurant owners have no clue as to the economics of running a restaurant

Shipping up to Boston
05-15-2024, 10:33 AM
Has nothing to do with D or R- its supply chain costs.

The cost of shrimp feed, for example, has risen 25% in the last 3 years, that’s one price in the seafood supply chain.
NO ONE, is willing to pay the price that RL’s dishes should be based on price - the people who could afford are not eating at Red Lobster.

Look at the increased cost of beef or bacon, and you can see other restaurants won’t be far behind.

Except the majority of RL product is sourced outside the US. That’s on them. How many Maine lobster men would love an exclusive vendor deal with a huge conglomerate. Instead they dovetail in langostino and Caribbean extensions. If you want to argue ‘supply chain’ and price point, eliminate those imports and buy US sourced product

Caymus
05-15-2024, 10:51 AM
Except the majority of RL product is sourced outside the US. That’s on them. How many Maine lobster men would love an exclusive vendor deal with a huge conglomerate. Instead they dovetail in langostino and Caribbean extensions. If you want to argue ‘supply chain’ and price point, eliminate those imports and buy US sourced product

.....and the prices would be even more expensive. I have not done a google search, but I would be surprised if seafood isn't the most labor-intensive protein sources.

Topspinmo
05-15-2024, 10:56 AM
.....and the prices would be even more expensive. I have not done a google search, but I would be surprised if seafood isn't the most labor-intensive protein sources.


Better eat it while can cause the ocean’s are being dredged clean :eclipsee_gold_cup:

Shipping up to Boston
05-15-2024, 10:59 AM
.....and the prices would be even more expensive. I have not done a google search, but I would be surprised if seafood isn't the most labor-intensive protein sources.

Another reason I avoid chains like that....the parent conglomerate would rather quantity of retail brick and mortar rather than less of latter and more consistent quality of product. I get it but I don’t survive on eating out at under $9.99....but when I do, I’d like something that is better than pier bait...and most would pay the additional premium for that level of quality

jimjamuser
05-15-2024, 12:56 PM
Red Lobster closed many restaurants yesterday.
Many Red Lobster restaurants close across Central Florida, nationwide amid financial woes (https://www.clickorlando.com/news/local/2024/05/13/many-red-lobster-restaurants-close-across-central-florida-nationwide-amid-financial-woes/)

I guess Tesla and Walmart aren’t the only ones.
Well, it is a known fact that US people eat out at a greater rate than even the French. Personally, I would rather read a BAD book than go out to eat. I would rather play shuffleboard than go out to eat. I would even rather cut the grass.

jimjamuser
05-15-2024, 01:33 PM
Except the majority of RL product is sourced outside the US. That’s on them. How many Maine lobster men would love an exclusive vendor deal with a huge conglomerate. Instead they dovetail in langostino and Caribbean extensions. If you want to argue ‘supply chain’ and price point, eliminate those imports and buy US sourced product
Worldwide, human population is increasing rapidly. The oceans are at record high temperatures for 5 of the last years. The worldwide coral will be down to 15% in 30 years or less. Fish populations have to migrate to new areas. Killer whales are attacking boats in the Mediterranean Sea and scientists don't know why.
-------Under such UNSTABLE CONDITIONS is it any wonder that the Seafood restaurants ARE affected. -----Adversely.

Shipping up to Boston
05-15-2024, 01:51 PM
Worldwide, human population is increasing rapidly. The oceans are at record high temperatures for 5 of the last years. The worldwide coral will be down to 15% in 30 years or less. Fish populations have to migrate to new areas. Killer whales are attacking boats in the Mediterranean Sea and scientists don't know why.
-------Under such UNSTABLE CONDITIONS is it any wonder that the Seafood restaurants ARE affected. -----Adversely.

My understanding of killer whales attacking boats is it is a retaliatory action.....other whales have been hit by said boats and its their response to it. Unscientific but definitely reported as such

Shipping up to Boston
05-15-2024, 01:54 PM
Well, it is a known fact that US people eat out at a greater rate than even the French. Personally, I would rather read a BAD book than go out to eat. I would rather play shuffleboard than go out to eat. I would even rather cut the grass.

Yes....but would you ‘cut the grass’ even if all that was available to you was a gas mower, trimmer and blower. Mangia!

HORNET
05-15-2024, 02:41 PM
The Villages Red Lobster used to have a waiting line, then prices and portions started to change, many Villagers are smart enough to know when things are going down hill.

MrChip72
05-15-2024, 06:35 PM
Outback just announced that they are closing 41 restaurants.

That's less than 3% of their restaurants. Good companies know when to close down underperforming stores.

Byte1
05-16-2024, 06:23 AM
At least there will always be Soylent Green. :mmmm:

Berwin
05-16-2024, 06:26 AM
My wife and I ate at one of those on the closing list about six months ago. Very disappointed and vowed never to return. I guess there are others with our same opinion. We used to enjoy going to Red Lobster but had not visited in years as we had moved to an ocean side town with places where you could watch your dinner being unloaded from the boat and carried into the kitchen. Sad.

ThirdOfFive
05-16-2024, 06:40 AM
You raise the minium wage, the resturants raise the prices. Everything gets passed to the customer... Places go out of business....simple
I'm not much of an economist (my wife handles that) but I did some checking to see just how restaurant costs break down. Several websites give the two major costs after the restaurant is up and running as food costs (a range of 25% to 40%) and labor (30%). Given how prices on just about everything food-related have soared, and given the fact that competent restaurant help seems to be becoming more and more scarce, it is easy to see why restaurants are closing. Profits apparently are razor-thin in the restaurant business anyway, and given those two things it is easy to see how restaurants that don't measure up are closing.

But apparently it doesn't have to be that way. There ARE restaurants that continue and even flourish without huge price hikes, and with loyal, capable staff people. One such is Cam Ranh Bay in Bloomington, MN; a Vietnamese restaurant owned and run by Vietnamese people. Good food, great service and pretty stable pricing: we ate there regularly before moving to TV and even now, when I visit up there, Cam Ranh Bay is a must-stop for me. I've gone there maybe six times in the past four years but the wait staff all remember be and my preferences. Prices have increased maybe 10% since 2020. The impressive part is not just the food and stable prices, but watching how the place runs. No waitstaff person EVER goes anywhere empty-handed (my wife says that is one of the characteristics of a good waitstaff person), and they all seem to work together in a synchronized, almost choreographed manner. Most of the waitstaff I recognize from probably 10 years back.

There are several other like places I've eaten over the years that share these characteristics to an extent. The only commonality is that they are Asian-run, with predominantly Asian staff. They function in the same economy as the other restaurants whose success goes up and down like so many yo-yos, but they don't--AND they do it with only moderate price hikes, if that.

Why is that?

Shipping up to Boston
05-16-2024, 07:02 AM
I'm not much of an economist (my wife handles that) but I did some checking to see just how restaurant costs break down. Several websites give the two major costs after the restaurant is up and running as food costs (a range of 25% to 40%) and labor (30%). Given how prices on just about everything food-related have soared, and given the fact that competent restaurant help seems to be becoming more and more scarce, it is easy to see why restaurants are closing. Profits apparently are razor-thin in the restaurant business anyway, and given those two things it is easy to see how restaurants that don't measure up are closing.

But apparently it doesn't have to be that way. There ARE restaurants that continue and even flourish without huge price hikes, and with loyal, capable staff people. One such is Cam Ranh Bay in Bloomington, MN; a Vietnamese restaurant owned and run by Vietnamese people. Good food, great service and pretty stable pricing: we ate there regularly before moving to TV and even now, when I visit up there, Cam Ranh Bay is a must-stop for me. I've gone there maybe six times in the past four years but the wait staff all remember be and my preferences. Prices have increased maybe 10% since 2020. The impressive part is not just the food and stable prices, but watching how the place runs. No waitstaff person EVER goes anywhere empty-handed (my wife says that is one of the characteristics of a good waitstaff person), and they all seem to work together in a synchronized, almost choreographed manner. Most of the waitstaff I recognize from probably 10 years back.

There are several other like places I've eaten over the years that share these characteristics to an extent. The only commonality is that they are Asian-run, with predominantly Asian staff. They function in the same economy as the other restaurants whose success goes up and down like so many yo-yos, but they don't--AND they do it with only moderate price hikes, if that.

Why is that?

Why?
Because you’re comparing a single, family owned and operated establishment with one that is part of a conglomerate. Obviously the example you gave is that of a family who sunk their own money into the operation coupled with the commitment of that family ....daily to its success. Again, quality over quantity.

rsmurano
05-16-2024, 07:26 AM
Large mega cap companies have been laying off people for almost a year. Facebook, IBM, Google, Microsoft, finance giants like Goldman Sachs, and manufacturers like Dow had large layoffs last year. Facebook laid off 10,000 in March of 2023

OhioBuckeye
05-16-2024, 07:52 AM
The economy is getting really terrible that’s why a lot of businesses are hurting!

frayedends
05-16-2024, 07:53 AM
Worldwide, human population is increasing rapidly. The oceans are at record high temperatures for 5 of the last years. The worldwide coral will be down to 15% in 30 years or less. Fish populations have to migrate to new areas. Killer whales are attacking boats in the Mediterranean Sea and scientists don't know why.
-------Under such UNSTABLE CONDITIONS is it any wonder that the Seafood restaurants ARE affected. -----Adversely.

These statements are not based on facts. Coral reefs are not doing poorly and great recovery from bleaching events have been found to be much faster than expected. Coral thrives in warm water.

Worldwide population growth has been on the decline for decades.

OhioBuckeye
05-16-2024, 08:03 AM
You’re exactly right & a 30 to $40. bill they want a 10 to $14. tip. When I die my wife’s money will go fast but she’s the kind of a lady that can really do without if she has to!

coralway
05-16-2024, 10:41 AM
The only surprise about RL is how the heck did they last so long?

Stu from NYC
05-16-2024, 10:48 AM
The only surprise about RL is how the heck did they last so long?

People not realizing what good fish taste like?

jminnis
05-16-2024, 03:35 PM
We love Red Lobster. We went to their first restaurant in Lakeland, Fla., back in the day while attending Detroit Tigers Spring Training games. It will be sad to see them go......

GoRedSox!
05-16-2024, 03:53 PM
The economy is getting really terrible that’s why a lot of businesses are hurting!There is very little objective economic information to support this statement.

The stock market, all three indices, is at an all-time high. Corporate profits in the aggregate are the highest they have been for years. How can this happen in a terrible economy?

It is a fact that the unemployment rate has been under 4% for the most consecutive months in history. This is not indicative of a terrible economy. There are millions more job openings than unemployed workers. The employees of any restaurant that goes out of business will have no trouble finding new work in the restaurant industry as there has been a shortage of workers. McDonald's was selling for about $175 a share right before the pandemic struck. Today, it sells for about $273 a share.

The CEO's of both Costco and Walmart said that their grocery prices are lower than they were 1 year ago.

This is not spin. It's all factual data. There certainly is challenges in the economy, it's not perfect. If you need a mortgage, no one wants to pay close to 7% interest. But it is absolutely true that our economy is the best in the world. It's not terrible. It's been so much worse so many times in my life.

Caymus
05-16-2024, 05:18 PM
There is very little objective economic information to support this statement.

The stock market, all three indices, is at an all-time high. Corporate profits in the aggregate are the highest they have been for years. How can this happen in a terrible economy?

It is a fact that the unemployment rate has been under 4% for the most consecutive months in history. This is not indicative of a terrible economy. There are millions more job openings than unemployed workers. The employees of any restaurant that goes out of business will have no trouble finding new work in the restaurant industry as there has been a shortage of workers. McDonald's was selling for about $175 a share right before the pandemic struck. Today, it sells for about $273 a share.

The CEO's of both Costco and Walmart said that their grocery prices are lower than they were 1 year ago.

This is not spin. It's all factual data. There certainly is challenges in the economy, it's not perfect. If you need a mortgage, no one wants to pay close to 7% interest. But it is absolutely true that our economy is the best in the world. It's not terrible. It's been so much worse so many times in my life.

Please provide a link to that. Or do you mean inflation adjusted on one or two items out of thousands?

Shipping up to Boston
05-16-2024, 05:48 PM
Please provide a link to that. Or do you mean inflation adjusted on one or two items out of thousands?

Maybe he meant the $18 Big Macs in Connecticut or large scale ground beef recalls at WalMart....thats always an igniter of stock activity

Stu from NYC
05-16-2024, 06:25 PM
There is very little objective economic information to support this statement.

The stock market, all three indices, is at an all-time high. Corporate profits in the aggregate are the highest they have been for years. How can this happen in a terrible economy?

It is a fact that the unemployment rate has been under 4% for the most consecutive months in history. This is not indicative of a terrible economy. There are millions more job openings than unemployed workers. The employees of any restaurant that goes out of business will have no trouble finding new work in the restaurant industry as there has been a shortage of workers. McDonald's was selling for about $175 a share right before the pandemic struck. Today, it sells for about $273 a share.

The CEO's of both Costco and Walmart said that their grocery prices are lower than they were 1 year ago.

This is not spin. It's all factual data. There certainly is challenges in the economy, it's not perfect. If you need a mortgage, no one wants to pay close to 7% interest. But it is absolutely true that our economy is the best in the world. It's not terrible. It's been so much worse so many times in my life.

Based on the food we buy no question prices in supermarkets considerably higher in past year.

JMintzer
05-16-2024, 06:30 PM
There is very little objective economic information to support this statement.

The stock market, all three indices, is at an all-time high. Corporate profits in the aggregate are the highest they have been for years. How can this happen in a terrible economy?

It is a fact that the unemployment rate has been under 4% for the most consecutive months in history. This is not indicative of a terrible economy. There are millions more job openings than unemployed workers. The employees of any restaurant that goes out of business will have no trouble finding new work in the restaurant industry as there has been a shortage of workers. McDonald's was selling for about $175 a share right before the pandemic struck. Today, it sells for about $273 a share.

The CEO's of both Costco and Walmart said that their grocery prices are lower than they were 1 year ago.

This is not spin. It's all factual data. There certainly is challenges in the economy, it's not perfect. If you need a mortgage, no one wants to pay close to 7% interest. But it is absolutely true that our economy is the best in the world. It's not terrible. It's been so much worse so many times in my life.

Grocery prices are still up well over 20% from 3 1/2 years ago. So a slight drop, while nice is hardly a sign of a good economy...

Glowing Horizon
05-16-2024, 06:40 PM
No loss visited once not what I would call a good seafood restaurant. Having been to Seafood Shack in Leesburg and Essex Seafood House, Pierson Fl much better than Red Lobster.
Best thing is the Red Lobster Cheddar Bay biscuits but they have a RL brand mix thats exactly the same. Takes a whole 8oz package of shedded cheddar though😳. Yum but wow!

Glowing Horizon
05-16-2024, 06:49 PM
Grocery prices are still up well over 20% from 3 1/2 years ago. So a slight drop, while nice is hardly a sign of a good economy...

in food mfg. industry for 40+ years. Retail foods (groceries) always move in tandem—up—with inflation when the economy is bad. US retail food industry makes a lot of $ during bad economic times but it suffers when times are good bc people have more money to eat out.

Glowing Horizon
05-16-2024, 07:00 PM
We love Red Lobster. We went to their first restaurant in Lakeland, Fla., back in the day while attending Detroit Tigers Spring Training games. It will be sad to see them go......

It’s sad to see so many of the chain restaurants struggling or going away. Applebees, Chilis, Red Lobster, Cracker Barrel…all have closed many locations.

Glowing Horizon
05-16-2024, 07:07 PM
You raise the minium wage, the resturants raise the prices. Everything gets passed to the customer... Places go out of business....simple
Also high fuel prices. They compound since things are shipped & shipped then shipped again before it gets consumed. Also plastics are made from petroleum.High fuel prices result in a HUGE increase for just about everything.

Glowing Horizon
05-16-2024, 07:14 PM
Better eat it while can cause the ocean’s are being dredged clean :eclipsee_gold_cup:

Theres no science behind your doom & gloom. Recent years have resulted in substantial gains in populations of fish & seafood globally. I don’t eat the stuff but I do read global economic reports for fun🤪

Glowing Horizon
05-16-2024, 07:17 PM
Well, it is a known fact that US people eat out at a greater rate than even the French. Personally, I would rather read a BAD book than go out to eat. I would rather play shuffleboard than go out to eat. I would even rather cut the grass.
So you love to haul in groceries, cook & clean? 😎

Glowing Horizon
05-16-2024, 07:23 PM
Worldwide, human population is increasing rapidly. The oceans are at record high temperatures for 5 of the last years. The worldwide coral will be down to 15% in 30 years or less. Fish populations have to migrate to new areas. Killer whales are attacking boats in the Mediterranean Sea and scientists don't know why.
-------Under such UNSTABLE CONDITIONS is it any wonder that the Seafood restaurants ARE affected. -----Adversely.
maybe… killer whales are attacking men who built windmills in their homeland & boars which use whale-deafening radars? Ocean temperatures vacillate without respect to human activity. Why do green-minded folks never mention all the plastic garbage in the ocean instead of stating the WEF fake warming mantra? The 70s it was global cooling. Then holes in the ozone. Why not actually work to improve global ecology?

PugMom
05-17-2024, 06:37 AM
Make at home..............

Copycat Red Lobster Cheddar Bay Biscuits (https://www.spendwithpennies.com/red-lobster-cheddar-bay-biscuits/)

my daughter found RL box mixes @ the grocery store, can't remember if it was publix or wynn-dixie

Shipping up to Boston
05-17-2024, 07:58 AM
my daughter found RL box mixes @ the grocery store, can't remember if it was publix or wynn-dixie

Always at Wal-Mart....imo, nothing like in store. Probably the only thing I liked there! Kinda like the ppl that go to Olive Garden just for salad/breadsticks!

Stu from NYC
05-17-2024, 08:04 AM
Always at Wal-Mart....imo, nothing like in store. Probably the only thing I liked there! Kinda like the ppl that go to Olive Garden just for salad/breadsticks!

Olive garden soup is good. love the soup salad combo

ithos
05-18-2024, 04:09 AM
104156There is very little objective economic information to support this statement.

The stock market, all three indices, is at an all-time high. Corporate profits in the aggregate are the highest they have been for years. How can this happen in a terrible economy?

It is a fact that the unemployment rate has been under 4% for the most consecutive months in history. This is not indicative of a terrible economy. There are millions more job openings than unemployed workers. The employees of any restaurant that goes out of business will have no trouble finding new work in the restaurant industry as there has been a shortage of workers. McDonald's was selling for about $175 a share right before the pandemic struck. Today, it sells for about $273 a share.

The CEO's of both Costco and Walmart said that their grocery prices are lower than they were 1 year ago.

This is not spin. It's all factual data. There certainly is challenges in the economy, it's not perfect. If you need a mortgage, no one wants to pay close to 7% interest. But it is absolutely true that our economy is the best in the world. It's not terrible. It's been so much worse so many times in my life.

The U.S. national debt is rising by $1 trillion about every 100 days.

This is an economy on crack. Both parties are complicit but obviously one is more so than the other.

CNBCAccess Denied (https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html)

It is not only the politicians fault but ours as well. We all know how this will end but the voters don't care. If you are complaining about Medicare now, just wait.

I wonder what happened in 2023?

OrangeBlossomBaby
05-18-2024, 07:47 AM
Maybe he meant the $18 Big Macs in Connecticut or large scale ground beef recalls at WalMart....thats always an igniter of stock activity

I'm looking at my McDonald's app and just switched the location to North Haven, CT on Washington Ave (a few blocks away from where I used to live). A Big Mac is regularly priced at $6.59, a meal with medium fry and soda is $11.69. If you have the app you can select a Big Mac at the regular price and a second one for only 29 cents.

I checked the Norwalk, CT McDonald's location and it's a dollar cheaper, at $5.59.

Here in Summerfield, on 441, it's $5.69.

It's still more than I'd want to pay for a substandard burger on an air-infused bun, but hubby like it, so I usually get the WAY overpriced 1.5-ounce fish sandwich that comes with only 1/3 of a slice of cheese, and steal a bunch of his fries from his box. Then I have a salad an hour later from the fridge.

Long, long gone are the days of 50-cent cheeseburgers and $1.29 for a 3-oz Fishwich.