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Red Lobster

Financing

Red Lobster and P.F. Chang’s get credit downgrades

As coronavirus hurts sales, ratings agencies start hitting companies that had problems before the shutdown, says RB’s The Bottom Line.

Marketing

Casual chains tout the quality side of value

The past week's best-performing ads pushed top-flight items at a bargain price.

New menu launches tap into diet-friendly fare, Super Bowl promotions and more.

Fiery sauces and seasonings are spicing up a slew of LTOs.

Menu launches are showcasing seasonal ingredients and innovative flavors.

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

Chip Wade, a longtime ops specialist for Darden Restaurants, will take the job next month.

Dave Pickens, a former president of Olive Garden, will also serve as COO.

Operators are creating signature breads and selling them as appetizers.

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