Red Lobster Continues Restaurant Closures Post-Bankruptcy Restructuring
After emerging from bankruptcy, Red Lobster is continuing to close restaurants as part of a broader restructuring effort. The seafood chain has shuttered over 100 locations since its financial troubles began and now plans further closures in an attempt to stabilize operations and return to profitability. As of September 8, 2026, the company had closed 36 additional restaurants this year alone, bringing total locations down from 520 at the end of 2025 to 484. These closures are concentrated in various states across the U.S., including Alabama, California, Florida, and others. The ongoing closures reflect Red Lobster's strategy to focus on its strongest markets while reducing costs through workforce reductions and operational streamlining. The company has also renegotiated vendor agreements as part of a broader effort led by CEO Adamolekun since August 2024.
