Embattled Red Lobster ‘exceeds expectations’ as lockdowns ease

Nevertheless, analysts are assuming a Red Lobster equity loss of $22.2 million for the second quarter of 2020, putting it far deeper into the red.

More than 600 of Red Lobster’s outlets -- 80 percent of the total -- are now open again. — More than 600 of Red Lobster’s outlets -- 80 percent of the total -- are now open again.Foto: Philip Pessar/Flickr

Dominic Welling

Published 28 July 2020, 12:29Updated 28 July 2020, 12:33