Subscribe Now

travelers today

Home » Trending News

Red Lobster Closing? Restaurant Chain Shoots Down Closing Rumors

Travelers Today       By    Katie McFadden

Updated: Dec 28, 2013 11:47 PM EST

Text Size: A A A

red lobster
Red Lobster is closing? That’s what some rumors going around the Internet said, but officials say it simply isn’t true. The chain restaurant shot down rumors that they will be closing restaurants.(Photo : Wikimedia)

Red Lobster is closing? That's what some rumors going around the Internet said, but officials say it simply isn't true. The chain restaurant shot down rumors that they will be closing restaurants.

According to ABC, Rich Jeffers of Darden Restaurants Inc., which owns the Red Lobster chain said that the rumors are false. The rumor also said that Darden would slow the expansion of Oliver Garden restaurants and would slow down the opening of Long Horn restaurants. He said that the rumor probably started by the website LA Weekly which published a story saying that the chain faced an "uncertain future." This sparked customers to take to Twitter to questions the article and spread the rumor and other sources started to follow it.

Share This Story

"We are not closing any restaurants," Jeffers told ABCNews.com officially.
The rumors may also have sparked by an announcement Darden made itself last week. They said that the company plans to sell of spin off the Red Lobster chain into a separate company.

According to Jeffers, there are 705 Red Lobster restaurants around the U.S. and Canada. The company had $2.6 billion in the company's 2013 fiscal year.

The Darden company is one of the world's largest full-service restaurant companies. In addition to Red Lobster, Olive Garden and LongHorn Steakhouse, the company also owns The Capital Grille and other restaurants. The company owns and operates more than 2,100 restaurants that generate over $8.5 billion in annual sales, its website says.

Even though Jeffers says Red Lobster isn't closing, it hasn't been doing great lately. Same-store sales fell 4.5 percent at Red Lobster in the company's latest quarter because it has severe competition from more casual restaurant chains like Panera and Chiptole.

 

© 2014 Traverlers Today, All rights reserved. Do not reproduce without permission.
Join Our Conversation

ADVERTISEMENT

Travel Tips

Prince Edward Island, Canada

Fall Cruises: Better Than Land Tours? It Gives Guests ‘A European Experience Without Leaving North America’

Fall cruises for foliage in the northeast are now becoming more and more popular as each year goes by. The foliage that is part of the tour is unlike any other place in the country. In fact, more guests are even paying good money to cruise the rivers, as well as the oceans, in order to peep leaves instead of having to brave today’s highly crowded roads and hotels on land.

Subscribe to our newsletter

Receive the latest travel news, reviews, and more..

Want more Travel?

Most Popular

Mount Sinabung spews pyroclastic smoke, seen from Tiga Pancur village on February 12, 2014 in Karo District, North Sumatra, Indonesia.

Mount Sinabung Eruption 2014: Hauntingly Beautiful Lava And Ash Prompts Evacuations, Eruption Reaches Fourth Successive Day

A Mount Sinabung eruption 2014 occurred Friday, with the volcano spewing tons of molten lava and ash, captured in hauntingly beautiful photos. The initial Mount Sinabung eruption 2014 for the month, the latest in a recent set of eruptions of the Indonesian volcano took place Wednesday afternoon.

Madeline Reid is the 21 month-old patient who recently died from the enterovirus infection. Her death is the second to be recorded in the country.

Enterovirus D-68 Kills Baby From Michigan; Specific Strain Of Virus Causes Severe Breathing Problems and Paralysis

Enterovirus D-68 kills another child in Michigan on Friday afternoon, marking the incident as the second death from the said infection in the United States.

Protests Continue Over Police Shooting Of Michael Brown

Teen Shot St. Louis: Protests Ensue After Second Case Of White Cop Shooting Black Teen, Michael Brown Incident All Over Again?

Teen shot St. Louis – Another case of a white cop shooting a black teen dead has been reported. Following the death of Michael Brown, an 18-year old black kid was shot fatally by a white cop who was reportedly off-duty. Protests have already ensued after the incident of the teen shot St. Louis.

happy labradoodle

Labradoodle Gracie 200 Foot Fall: Dog Survives Terrifying Fall From Oregon Cliff

Labradoodle Gracie 200 foot fall - a miraculous thing happened to Michelle Simmons' pet dog, a Labradoodle named Gracie, Monday morning when it fell down a 200-foot Oregon cliff but managed to survive.

Painted Desert

Petrified Forest National Park Discovery In Arizona Reveals Second Ancient Basket-Maker Village: Report

Petrified Forest National Park's latest discovery of archaeologists suggests that another ancient basket-maker village had lived in the said area of Arizona.

The Glamburger

The World's Most Expensive Burger Is Not Found In Las Vegas But In Chelsea England; Will You Spend $1,770 To Grab A Bite Of This Burger?

The world's most expensive burger is sadly not found in Las Vegas. Instead, it can be bought from Honky Tonk, an American cuisine restaurant situated in Chelsea, England, Bustle has learned.

Afghanistan gang rape executions

Afghanistan Gang Rape Executions Killed Four Convicted Rapists; Death Penalty Signed By Former President Hamid Karzai Before Leaving Office

Afghanistan gang rape executions have now left five Afghan men, who have been convicted, executed. These men have been convicted of gang-raping four women and their case outraged the nation.

Michael Schumacher of Germany tries out the Lego Ferrari

Lego Shell Sets To Discontinue After Greenpeace Campaign, Shell To Continue Drilling In Arctic Despite Protests?

Lego Shell sets are to be discontinued following the controversial Greenpeace campaign. Lego teamed up with Shell long before but their campaign with Greenpeace broke the ice – literally. Greenpeace and Lego’s campaign on Shell’s plans of drilling in the Arctic has struck a nerve. Despite the campaign, will Shell push through with the oil drill?

Atlanta becomes one of the most highly-risked states in the US to possibly acquire Ebola.

Ebola Drug Companies: Chinese Company Develops Ebola Treatment, Experimental Ebola Drug Proved Effective In 7-Year Old Boy From Virgina, Ebola Outbreak Close To Being Solved?

Ebola drug companies are working overtime to search, develop and release a cure over the Ebola outbreak that has claimed thousands of lives. In China alone, an experimental drug is in its final stages for development to help cure Ebola. Another Ebola experimental drug had proven effective in a 7-year old boy close to dying from a viral infection in Virginia.

Search for missing Malaysia Airlines flight MH370 resumes on Monday. News update regarding the aircraft reveals that the search could go into the southernmost part of Indian Ocean.

Malaysia Airlines Flight 370 News Update: Search Operation Resumes As the Crew Goes South of Indian Ocean

Update for Malaysia Airlines flight 370 reveals a continuation of the search operation for the missing aircraft in the southern part of the Indian Ocean.

Find Us on Facebook

travelers today

© Copyright 2014 Travelers Today All Rights Reserved.

Subscribe to our newsletter
Real Time Analytics