BK thinks inside the Xbox
Burgers and video games have proven a savory
combo for Miami-based Burger King and its hungry
Value Meal patrons.
Since the fast-food chain launched a limited-edition
collection of three Xbox games in November --
Pocketbike Racer, Big Bumpin', Sneak King -- sales
of BK Value Meals have spiked to bring home meaty
profits during the company's second quarter.
The world's second-largest burger chain said
Tuesday its fiscal second-quarter profit jumped
41 percent to $38 million. Company officials cited
consistently strong Value Meal sales and the video-game
giveaway program for the positive report.
BK's games joined the ranks of other top-selling
Xbox titles during the holiday shopping season
with more than 3.2 million copies sold.
Compatible on both Xbox and Xbox 360 platforms,
the games are based on some of the most popular
genres including racing, action and adventure.
They are still available at participating Burger
King restaurants for a limited time only and while
supplies last. The cost is $3.99 per game with
the purchase of a BK Value Meal or $10.99 for
the whole collection. (For more information, or
to find a participating restaurant location, customers
can visit www.bkgamer.com)
Video-game enthusiast Mike Rice, 22, of Fort
Lauderdale, says he doesn't like Burger King but
owns Sneak King and Pocketbike Racer.
"They're decent games for $3.99," Rice
said.
In Sneak King, players act as Burger King's mascot,
the King, who must hide from the townspeople and
find creative ways to surprise them with Burger
King menu items like burgers, fries, coffee and
breakfast items, he said. In Pocketbike Racer,
players act as the King and other BK mascots,
such as the Whopper Jr., who ride around on mini-motorcycles
and race toward the finish line.
All three games incorporate Burger King brand
icons, such as the King and Subservient Chicken,
into three-dimensional environments that aim to
give players an entertaining experience. The games
also feature multiplayer opportunities via Xbox
Live, where players can gain points for accomplishing
certain feats and can interact with one another.
"It builds a lot of buzz in grade schools
and junior high and high schools," said Darren
Tristano, executive vice president of Technomic,
a Chicago-based research firm that specializes
in fast-food retail trends. "It gives Burger
King a cooler image."
Burger King, which has focused on offering its
customers big portions with premium menu items
such as the triple- and quadruple-layer BK Stacker
burger, is targeting young men who want more food
for their money, Tristano said.
The company's strategy appears to be working,
he and others say. Total revenues in the second
quarter climbed 9 percent to $559 million from
$512 million.
Another key measure, sales at stores open at
least a year, rose 3.7 percent worldwide and 4.4
percent in North America in the second quarter.
The results represent the chain's 12th consecutive
quarter of positive sales results and a financial
turnaround for the once-ailing company, experts
say.
As a result, Burger King issued its first quarterly
dividend as a public company. The dividend payment
of 6.25 cents per share will be paid on March
15 to shareholders of record as of the close of
business on Feb. 15.
Burger King said Tuesday it expects more success
with its breakfast value menu set to debut in
February. The menu features 10 items priced at
$1 and up and includes french toast sticks and
a new Hamlette sandwich, made with ham, cheese
and egg.
The company also is beginning an expansion into
Asia, with restaurants opening in Indonesia beginning
in June. |