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Red Lobster is reportedly planning to revive the disastrous "endless shrimp" deal that helped push the seafood chain into bankruptcy.
A limited-time version of the $20 all-you-can-eat shrimp offer could launch as soon as this month, Bloomberg reported, citing sources with knowledge of the plans.
A Red Lobster rep told the outlet that it doesn't have "anything to announce at this time," adding that endless shrimp has long been a favorite of guests and one of its most popular promotions.
Red Lobster did not immediately respond to The Post's request for comment.
Fortress Investment Group, which owns Red Lobster, declined to comment.
CEO Damola Adamolekun – the 37-year-old who was hired in August 2024 after leading a turnaround effort at PF Chang's – has repeatedly claimed Red Lobster will be "the greatest comeback in the history of the restaurant industry."
The revival of its ill-fated endless shrimp deal would mark an unexpected way to attempt that comeback.
The decision to offer it for a limited time comes after the permanent menu fixture caused Red Lobster to lose a whopping $11 million in a single quarter.
For two decades, endless shrimp existed as a seasonal, limited-time deal.
But in 2023, Red Lobster's previous owners decided to try making it permanent.
It was so popular and costly that it forced restaurants to churn through massive inventories of shrimp, and has been blamed for the chain's downfall.
Since emerging from bankruptcy in September 2024, Red Lobster has struggled to win over inflation-battered customers in a highly competitive fast-casual dining sector.
The privately-held company forecast a nearly $52 million loss in 2025. It's hoping to turn a profit this year.