Red Lobster’s Popular Endless Shrimp Deal Ate Into Its Profits

Red Lobster’s “irresistible” all-you-can-eat shrimp promotion has indeed proved hard to resist. The Ultimate Endless Shrimp deal has been so popular that it helped cause a drop in third-quarter profit for the restaurant chain, which had to raise the price to $25 from $20. Thai Union Group, which owns a large stake in the chain, …