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Shrimp costs have Red Lobster in hot water

By Washington Examiner
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ORLANDO, Fla. (AP) — A spike in shrimp costs is causing yet more trouble for Red Lobster.

The seafood chain’s parent company Darden Restaurants on Friday reported a lower quarterly profit in line with its previously announced estimates. Sales at its struggling Olive Garden and Red Lobster chains dropped by 5.4 percent and 8.8 percent respectively, as reported on March 3.

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