Core Insights - Red Lobster filed for bankruptcy in 2024 but successfully emerged from it within three months, overcoming challenges such as an $11 million endless-shrimp promotion that contributed to its financial troubles [1][2] Company Leadership and Strategy - Under the leadership of Damola Adamolekun, who previously served as CEO of P.F. Chang's, Red Lobster is on a recovery path, expecting positive net income in fiscal 2026 and a 43% growth in adjusted EBITDA from fiscal 2025 to 2027 [2] - Adamolekun, recognized as one of Fortune's 100 Most Powerful People in Business, emphasizes risk management and operational efficiency, planning to eliminate unprofitable promotions like the endless-shrimp deal that led to significant losses [3][5][6] Industry Context - The restaurant and hospitality industry is facing significant challenges, including recovery from the COVID-19 pandemic, supply chain issues, and labor shortages, making Adamolekun's turnaround efforts particularly noteworthy [4] - The National Restaurant Association highlights the difficulties in the industry, yet Adamolekun's previous success in leading P.F. Chang's through similar challenges provides a hopeful precedent for Red Lobster [4]