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.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
