Kim Lopdrup, CEO of Red Lobster Seafood Co., discusses the company's recent expansion into Puerto Rico and the menu revamp being implemented across its restaurants.
We talk about the changes to the company since its spin-off from Darden Foods. Lopdrup discusses how the company is expanding its reach, the changes to its look and menu, as well as its sustainability efforts. Plus, Lopdrup explains how Red Lobster humanely kills its lobsters. Switzerland recently passed a ban on boiling lobsters alive.
Stocks fell at the open Tuesday as the 10-year Treasury yield spiked following retail sales data and bank earnings, raising concerns over more rate hikes. Investors are also keeping an eye on tensions in the Middle East and its potential effect on global markets.
Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits.
