Founded in 1968, Red Lobster began as a casual dining concept for high-quality seafood at an affordable price. Known for its cheddar biscuits, the chain serves popular seafood dishes such as snow crab legs, coconut shrimp, and rock lobster.
Red Lobster reported over $2.4 billion in sales last year, and the chain gained some cultural cachet and experienced a 33% boost in sales the day after being referred to in Beyoncé’s song “Formation” in February, finally breaking into the millennial market.
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