Analysts are expecting beleaguered US seafood restaurant chain Red Lobster to “exceed” expectations in the second half of 2020, as lockdowns ease and the company implements a new strategy to cope with the fallout of the COVID-19 pandemic.

Thai Union, which owns shelf-stable seafood brand Chicken of the Sea, also owns a 25 percent stake in the casual-dining seafood chain, which operates over 700 outlets in North America, the majority of which are in the United States.