"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."
"Investing is the business of risk assessment, and I think you should manage your career the same way,"
"Risk on its own isn't something to avoid. You just need adequate return."
Damola Adamolekun, 36, previously CEO of P.F. Chang's and a former Goldman Sachs investment banker, is leading a turnaround at Red Lobster after bankruptcy. The chain expects positive net income in fiscal 2026 and adjusted EBITDA growth of 43% from fiscal 2025 to 2027. Adamolekun returned P.F. Chang's to profitability during COVID and helped drive revenues toward $1 billion. The recovery plan focuses on eliminating inefficiencies, avoiding promotions that undercut margins such as the endless-shrimp deal, and applying disciplined risk assessment amid supply-chain challenges, labor shortages, and economic uncertainty.
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