"I think this is going to be the greatest comeback in the history of the restaurant industry,"
"Of course it's risky; I took over a company that's bankrupt and had a lot of problems."
"a crazy feat on its face, given the challenges the restaurant and hospitality industry is recovering from: the worst pandemic in 100 years, supply-chain challenges, a shallow labor pool, and a still-uncertain economy,"
"Investing is the business of risk assessment, and I think you should manage your career the same way,"
Damola Adamolekun, 36, led a financial and operational turnaround at Red Lobster after taking the company through bankruptcy. The chain expects positive net income in fiscal 2026 and projected adjusted EBITDA growth of 43% between fiscal 2025 and 2027. Adamolekun previously returned P.F. Chang's to profitability, drove strategic and operational changes that helped generate about $1 billion in revenues, and navigated pandemic-driven challenges. Adamolekun has prioritized eliminating inefficiencies and refuses to restore loss-leading promotions such as the endless-shrimp offer. He approaches leadership with a risk-assessment mindset rooted in his investment-banking background.
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