00:00they've crushed it in the first half of this year same star sales over nine percent um traffic over
00:05five percent here in the first half of the year uh mainly being driven by new pomegranate glazed
00:11salmon and that's what alexis that does not sound am i wrong have you tried this i have not tried
00:18their salmon i tried their shrimp which was excellent it was in test um but i have not
00:23tried the salmon but um they do a nice job with quality a and b um not a lot of
00:31their competitors
00:33sell seafood yeah right and so we've actually last year was the year of steak we've actually seen a
00:39much bigger impact from their salmon sales than steak what is their trick here because from what
00:45i understand this is a really tough time in the restaurant industry especially in kind of the
00:50the middle class restaurant section i know it's it's gotten really really really competitive and
00:56there's cyclospora and there are a lot of challenges right now tariffs all of it what is kava doing what
01:03is its secret other than the salmon of course well number one i'd say healthy mediterranean cuisine
01:08right that's that's people more and more people are eating healthy especially with glp it's like
01:13healthy fast food right um yeah and so that's a big part of it and really the equation in restaurants
01:20is the value equations about what you get for what you pay and people are coming away from the kava
01:26experience happy right they they had a good um tasty meal right in in a nice environment you know
01:35good service with a smile and and people come back so we're just seeing a massive divergence between
01:40winners and losers in the restaurants and it's been this way now for a few years because of the
01:44inflation people are becoming more discerning when they have a good experience they go back if they
01:49don't see you red headline crossing the terminal right as we speak mike uh try and fund management
01:55assembling co-investors for wendy's bid this is according to the financial times so what's going
02:01on with wendy's well try on has been trying to like you know pitch their book here they've been
02:07involved in wendy's for quite some time there were some rumors uh earlier this year
02:14about them becoming involved so uh you know since they already have a stake in it we kind of take
02:19this with a grain of salt what what i can say about wendy's is uh we're a big fan of
02:25their new ceo
02:26bob wright had worked at wendy's for a very long time so you know he knew the business very very
02:32well
02:33when he left wendy's he was previously head of international chief operating officer i think was
02:39his last position he became ceo of potbelly and he um you know he orchestrated a very impressive
02:47turnaround stock went from two dollars and change and was bought out at like 16 17 bucks right and so
02:53um you know in terms of myself i'm a lot more optimistic about wendy's going forward i would think
03:00that the franchisee base is probably very energized because they know him intimately right and he's got a
03:06great plan to turn things around so in general i i think um you know things are looking up at
03:12stock's up 10 on this news today so um maybe people are thinking this might be the real thing
03:17i don't know um brinker um reported some results remind us who brinker is and the brands they have
03:24and what they're seeing yeah they own uh chili's and magianos chili's has been on a tear i think
03:29seems our sales are up yeah cumulatively about 70 percent over the last five years you know this is
03:35we've never seen this out of a brand that's been around are they just the right sector too yeah are
03:41they just the right price point value points well no this was a brand that was kind of um
03:46you know i mean red lobster's been struggling like a lot of their competitors have really
03:52well so you know there's a few things that are boosting casual dining but a lot of this is really
03:58based around what they've done chili's was always a great brand and it was mismatched for a very long
04:04time and so they got back to the core of what chili's was um they also you know started with
04:10really um improving the operations then from there they started um improving the marketing and they
04:17have a best-in-class marketing team so the ceo and the chief marketing officer they did the old spice
04:23smell like a man man they they turned around kfc with the rotating kernels when they had all the
04:28the famous comedians right so they're phenomenal in marketing so that's been a big part and now
04:34late more recently they've been continuing to work on the operations and continue to spend more on
04:40marketing but now they continue continually are upgrading the ingredients and the products on the
04:46menu and you know people are going they're trying it and they're coming back they've they've had
04:52tremendous results the more i talk to you about your companies and your industry the more i learn that
04:57it's management's really important oh so important man so yeah i mean like more than with other
05:03companies it just feels like operationally there's more things they can do and yeah and you know what
05:07it is i think in my opinion is you have tens of thousands of frontline workers that you have to
05:14get to
05:14buy in yeah right it's not just a small management if you're a tech company a small management team
05:19that has to drink the kool-aid i mean you have to get tens of thousands of right everyday regular
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05:26people
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