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NEW YORK (TheStreet) -- Every night, Jim Cramer sits down with CEOs and executives on his "Mad Money" show to discuss their business, the economy, politics and more. Today we look back at his recent interviews with Cheryl Bachelder, CEO of Popeyes Louisiana Kitchen (PLKI), and Jack Hartung, CFO of Chipotle Mexican Grill (CMG), for a read on what's new in the restaurant sector given ever-changing consumer tastes.
These are excerpts from Cramer's 'Mad Money' Recap, originally published on Jan. 21 and Feb. 3, 2014.
Executive Decision: Cheryl Bachelder
For his "Executive Decision" segment, Cramer sat down with Cheryl Bachelder, CEO of AFC Enterprises, now known as Popeyes Louisiana Kitchen. Shares of Popeyes are up 75% since Cramer first got behind the stock 18 months ago.
Bachelder painted a mixed picture for the quarter. She said while sales were up 1%, overall traffic was down, although by less than the quick-service restaurant group overall. Among the major hurdles: consumer confidence. Bachelder said consumers need to be upbeat about their futures in order to start spending again.
Popeyes still remains a turnaround story, Bachelder noted, with 60% of its stores now remodeled and seeing a 34% uptick in sales as a result. When asked about saturation, Bachelder said Popeyes is not saturated in any market yet, which is why it opened 194 new locations just last year. New national advertising has people lined up and waiting at many of the new restaurants, she continued.