Wally Kennedy: Joplin's Red Lobster restaurant spared [Yahoo! Finance]
Great Southern Bancorp, Inc. (GSBC)
Last great southern bancorp, inc. earnings: 4/20 07:00 pm
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Source: Yahoo! Finance
The popular seafood chain received court approval late last week for its Chapter 11 plan to sell the company to a new firm. The chain will be acquired by RL Investor Holdings LLC and will operate as an independent company, according to a press release by Red Lobster Management. The acquisition is expected to close by the end of the month. The brand has received a $60 million commitment in new funding. The Joplin restaurant was identified by the company as one that could close if a buyer for the chain could not be found. A worker at the restaurant told me the restaurant is not closing. Red Lobster, known for its cheddar bay biscuits, became the largest seafood chain in the world in the 1980s and 1990s with 578 restaurants in 44 states and Canada. The company amassed a debt of $1 billion after losing 30% of its customers during the pandemic and by promoting special deals that proved unprofitable. Earlier this year, Red Lobster closed about 50 of its restaurants. New purpose A
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- Great Southern Bancorp, Inc. Just Beat EPS By 20%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
GSBC
Earnings
- 7/17/24 - Beat
GSBC
Sec Filings
- 9/18/24 - Form 8-K
- 8/19/24 - Form 4
- 8/19/24 - Form 4
- GSBC's page on the SEC website