Red Lobster's cheap "endless shrimp" offer chewed into its profits
CBSN
When Red Lobster diners tucked into the seafood chain's all-you-can-eat shrimp, they were also biting into something else — the company's profits.
In June, Red Lobster made its popular "Ultimate Endless Shrimp" promotion, which it had long offered on a limited-time basis a permanent fixture on its menu. The goal: to boost foot traffic to its restaurants between July and December, when sales typically slow.
Under the all-you-can-eat offer, diners get two shrimp-based dishes to start, but then can order as many additional shrimp dishes as they want, including favorites like Popcorn Shrimp, Garlic Shrimp Scampi and Shrimp Linguini Alfredo.
Washington — The Senate confirmed Markwayne Mullin as secretary of the Department of Homeland Security on Monday, finalizing President Trump's shakeup of DHS following months of scrutiny of Kristi Noem's leadership.
A civil jury in California found Monday that Bill Cosby was liable for drugging and sexually assaulting a woman in 1972 and awarded her $19.25 million. In:
With nearly 40% of TSA employees at George Bush Intercontinental Airport calling out as the partial government shutdown drags into a sixth week, Houston has a problem. In:
House Republicans announced Monday that Congress will mount an investigation into "rampant hospice fraud," alleging that potentially tens of millions in taxpayer funds may have been lost in improper payments to Southern California companies. In:
Polymarket is moving to quash insider trading as prediction markets face scrutiny over whether some users draw on classified or other closely held information to gain an edge in betting on events. Edited by Alain Sherter In:
Washington — Senate talks aimed at ending the 38-day shutdown of the Department of Homeland Security hit a new roadblock on Monday after President Trump called on Republicans to hold out for passage of an elections bill that Democrats strongly oppose. Nikole Killion contributed to this report.
Pope Leo XIV put the Rev. Edward Joseph Flanagan a step closer to possible sainthood Monday as he proclaimed the "heroic virtues" of the founder of Boys Town, a Nebraska home for at-risk youths that gained national renown and inspired an Oscar-winning biopic performance. In:
Washington — Amid Trump administration demands for Tehran to keep the free flow of commerce in the Strait of Hormuz, U.S. officials have told CBS News that there are at least a dozen underwater mines through the vital passageway, according to current American intelligence assessments. Arden Farhi, Kathryn Watson, Caroline Linton, Aimee Picchi and Layla Ferris contributed to this report.
Elon Musk, famously a man with big ideas, is building a semiconductor plant vast enough to power those ambitions. Edited by Alain Sherter In:
The Justice Department has quietly gutted a more than 60-year-old program created to ensure that low-income and indigent immigrants can receive competent and affordable legal representation, multiple sources with direct knowledge of the matter tell CBS News. In:
Kyiv — The White House wants Congress to provide at least $200 billion more in funding for the war in Iran, and President Trump says that's partly due to aid for Ukraine having depleted U.S. weapons stockpiles as it fends off Russia's ongoing full-scale invasion. In:
A statue of Christopher Columbus has been placed on the grounds of the Eisenhower Executive Office Building adjacent to the White House — the latest effort by the Trump administration to honor the explorer whose legacy has drawn increasing criticism in recent years. In:
OnlyFans owner Leonid Radvinsky, a reclusive billionaire who transformed a little-known adult-content site into a cultural touchstone, has died of cancer, the company said Monday. Radvinsky was 43. Edited by Alain Sherter