Burger King takes a page from Domino’s, Darden keeps defying odds, and Fat Brands gets a lifeline
MAR 23, 202641 MIN
Burger King takes a page from Domino’s, Darden keeps defying odds, and Fat Brands gets a lifeline
MAR 23, 202641 MIN
Description
On this week’s Extra Serving, NRN editor in chief Sam Oches and executive editor Alicia Kelso discuss the latest restaurant industry news, including Burger King’s new ad campaign, Darden’s impressive sales performance, and Fat Brands’ lifeline in the midst of its bankruptcy proceedings. First up is Burger King, which introduced a new advertisement during the Oscars ceremony that crowned its customers as the new “king." The ad, narrated by president Tom Curtis, acknowledges that Burger King had lost its way over the years and lost sight of what its guests really wanted from the brand. The campaign harkens back to Domino’s 2010 campaign in which it claimed that its pizza “sucked.” Curtis and Restaurant Brands International executive chairman J. Patrick Doyle were each with Domino’s at that time and seem to be ripping a page right from its playbook in an attempt to jump start Burger King’s performance. Sam and Alicia discuss the new campaign and whether they think it could help the chain capture market share from McDonald’s and Wendy’s. Next up is Darden, which reported consolidated same-store sales growth of 4.2% in its most recent quarter. Most impressive was the company’s LongHorn Steakhouse brand, which registered 7.2% same-store sales growth. What seems to be going right for Darden — and does it suggest anything more broadly about the full-service sector? Sam and Alicia discuss. Then they tackle the Fat Brands saga, the latest episode of which includes CEO Andy Wiederhorn stepping aside as the portfolio company navigates through Ch. 11 bankruptcy proceedings. What should the restaurant industry learn from this mess? Finally, Sam and Alicia introduce a new segment, Quick Fire, where they swiftly tackle additional headlines from the week, which this week included Maggiano’s turnaround strategy, CAVA’s first Ohio location, Chipotle’s cilantro lime sauce, and Raising Cane’s 1,000th location. For more on these stories: Burger King crowns its guests as the ‘New King’Darden Restaurants' sales continue to growFAT Brands CEO Andy Wiederhorn steps down during remainder of bankruptcy process