That’s back when they were owned by Darden, who decided to spin them off because seafood prices were too volatile.

Edit: what’s funny about this is Darden was a restaurant group that mostly didn’t focus on seafood, so red lobster wasn’t a good fit. This company, Thai Union group, is a seafood packaging group (chicken of the sea, King Oscar), which also puts into question how well they’re able to supply fresh fish. I don’t think red lobster will ever be consistently profitable for these corporate chains.