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.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.