[Stu from NYC]

Originally Posted by coralway

The only surprise about RL is how the heck did they last so long?

People not realizing what good fish taste like?

[jminnis]

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!]

Originally Posted by OhioBuckeye

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]

Originally Posted by GoRedSox!

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]

Originally Posted by Caymus

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]

Originally Posted by GoRedSox!

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]

Originally Posted by GoRedSox!

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]

Originally Posted by Keefelane66

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]

Originally Posted by JMintzer

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]

Originally Posted by jminnis

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]

Originally Posted by MrFlorida

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]

Originally Posted by Topspinmo

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

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]

Originally Posted by jimjamuser

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]

Originally Posted by jimjamuser

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]

Originally Posted by dewilson58

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

Copycat Red Lobster Cheddar Bay Biscuits

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