But can she leap a tall building?

It’s a good thing slime-dripping mutants from outer space haven’t attacked the restaurant industry in the last few weeks. Mustering a squad of superhero defenders would’ve been tougher than getting Alice Waters to wolf down a bag of Cool Ranch Doritos. A character named Price Slasher just wouldn’t fit an X-men team, even if any number of chain execs could have applied.

Then again, there is a new Clark Kent on the scene. Few have even noticed her, much less realized she can hold her own with the likes of Sally Smith of Buffalo Wild Wings, Jerry Deitchle of BJ’s Restaurants, and the industry’s own Dynamic Duo, Jim Skinner and Don Thompson of McDonald’s.

Gotham had certainly run amuck before Cheryl Bachelder, a one-time president of KFC, was hired in late 2007 to right AFC Enterprises and its fast-food business, the Popeyes fried-chicken chain.

Popeyes was KFC’s closest competitor, but a decidedly distant one. The brand had gone through more redirection in the prior years than a GPS provides in a decade. Under a succession of leaders, the concept had experimented with name variations, different formats, upscale recastings, and dramatic menu changes. They seemed intent on nudging the brand out of its quick-service niche.

Meanwhile, the core business stagnated. Units looked rundown and were often poorly located. Franchisees let their operations languish as headquarters cycled through more change.

Enter the caped Bachelder, promising yet more change, but talking dollars and cents this time. She explained that the 1,900-unit chain would spend $3.5 million to revamp its menu and marketing, and another $2.5 million to recruit better talent and improve service.

Then she changed the concept’s name from Popeyes Chicken & Biscuits to Popeyes Louisiana Kitchen. The bone-in fried chicken was itself renamed Popeyes Bonafide Chicken, and new premium products like a bowl meal and sandwiches were added. Simultaneously, Bachelder said the chain would tweak its menu to provide more portability and value.

It sounded like the same-old same ole—an attempt to be more upscale, without giving up the customers who just wanted inexpensive fried chicken. Similar past efforts had failed to pull Popeyes out of a Louisiana-grade swamp.

But Bachelder aired a sweeping plan to investors and staff. She cited lofty goals like improving the image of the brand, yet also mentioned minor tweaks like outfitting employees at the drive-thru station with headphones and timers. She later explained that handling three more cars an hour during Popeyes’ busiest drive-thru times would bump up comp sales by a full percentage point.

Marketing would be stepped up, as would deal making. The chain would emphasize portability, value, its Louisiana heritage, and on-the-bone fried chicken.

The strategy was notable for its detail and extensiveness, but not necessarily its approach.

Now, about a year into it, the plan is showing undeniable signs of success. Popeyes’ domestic comp-store sales for the second quarter hit 4.3%, outstripping the whole fast-food market by five percentage points, according to Bachelder.

A one-day discount—eight pieces of chicken offered for $4.99—had delivered “one of the best Wednesdays in our recorded history,” she told investors.

Bachelder also revealed that the chain would close as many as 120 underperforming restaurants.

Her moves were bold, but her predecessors at Popeyes hadn’t lacked gumption, either. What does seem different is how well-conceived her plan is, and how attuned it is to both the strengths and weaknesses of the brand.

Every turnaround amounts to building off a concept’s strengths with reasonable business-building measures. The artform is accurately identifying those strengths and astutely deciding what advances would complement that base.

It’s a superpower that Bachelder appears to have mastered, at least this far into the fight to save the world.

Retailers have Xmas, restaurants have the NCAA

With the match-ups set, teams from coast to coast are braced for the tip-off that officially starts March Madness. Some even play basketball.

Far, far more are restaurant staffs braced for what was once merely the NCAA playoffs, the rapid-fire series of elimination games that determines the nation’s best college basketball team. Today, the multi-week stretch clearly reigns along with Valentine’s Day, Mother’s Day and New Year’s Eve as one of the restaurant industry’s biggest promotional opportunities.

The big chains try to squeeze traffic out of the contest through tie-ins that extend far beyond traditional advertising. Papa John’s, for instance, is the official sponsor of the official March Madness bracket, the schematic that traces who wins or loses at each level of elimination, on Facebook. Arby’s announced a sandwich giveaway that kicks in only if one of the lesser-ranked NCAA contestants should beat a top seed in the first round of games.

Taco Bell has one of the stronger connections. The Taco Bell Arena in Boise, Idaho, is hosting the first series of games.

Raising Cane’s, the chicken-finger specialist, is using the NCAA Tournament as a touchstone for its first-ever targeted marketing campaign. The effort plays off dunking—in its case, the type that involves sauce and chicken-finger-dipping. Fans who want a quick party meal are encouraged to take home one of the 80-unit chain’s Tailgate ready-to-serve platters.

The chains try to connect their brand name to the high-profile tourney. But countless independents and small multi-units use the event as a direct source of business, encouraging fans to watch the games in their booths and bar stools. The Berghoff, a landmark restaurant in Chicago, will be offering $3 “Bar Bites,” free raffle tickets, and beer and bourbon tastings between 2 and 7 p.m. everyday for the next 16 days.

Restaurants in Annapolis, Md., are joining forces in a March Madness-meets-Restaurant-Week sort of promotion, which in turn is tied into a larger sales push by the Annapolis Business Association. For a three-day stretch starting March 27, local merchants will conduct a sidewalk clearance sale, while their foodservice colleagues offer food and drink specials. The intent is to pull residents downtown, where one spouse can shop while the other warms a bar stool, yells at the TV screen, and has a beer.

With the increased reliance on March Madness as a key promotional opportunity has come stepped-up risk as well. Buffalo Wild Wings has warned investors when Ohio State was eliminated early from the tournament. The chain’s units in Ohio are popular places to watch the Buckeyes, and if they’re out of it, who cares how Michigan State might be doing? The fans stay home. (OSU is ranked third in its division this year.)

The rules of promotion are also being formalized. Establishments in Kansas City are reportedly being warned of a crackdown by NCAA enforcers on the unlicensed use of the athletic association’s patented trademarks, including March Madness, the Sweet Sixteen and Elite Eight.

It's not exactly a key concern for my alma mater, New York University. Once again our team, the fierce-sounding Violets, have yet to be invited to the dance.

The tournament begins Thursday.

What're the pacesetters trying next?

Three of the industry’s most closely monitored performers conferred with their investors yesterday in quarterly conference calls. Apparently the SEC has quietly changed its regulations to require that each confab include questions about bundled meals and other ways of coaxing open tightly clutched wallets. Here are some of the highlights:

McDonald’s is the indisputable king of fast-food, based on its consistently strong financial results. By the same gauge, you’d have to give the crown in casual dining to Buffalo Wild Wings.

Comp sales for the first three months of Wild Wings' fiscal 2009 are running at 7% for franchises, 8% for company stores, CEO Sally Smith told investors yesterday. No one else in the sector is coming close to those sorts of gains.

Smith also detailed some of the new products slated for rollouts, and they’re absolutely brilliant—because they’re so simple. For instance, one of the new items is merely a twist on chicken fingers, quite literally. Twisted Chicken is exactly that.

Those products are being readied after the introduction late last year of flat-bread items that intended to be dipped before they're munched. Sauces, developed for BWW’s wings, are one of the chain’s signatures.

The other new items—barbecue-flavored nachos and Pepperoni Kickers, presumably a type of appetizer—are also simple extensions, which promise to keep serving times tight.

Executives noted that BWW opened 67 stores last year, and has $44.5 million in cash and marketable securities on hand.

Chipotle clearly feels it’s no bank in a bailout situation. The chain said categorically that it would not cut 2008 bonuses across the board for restaurant managers, a reflection of that position’s importance and the stellar performance of many doing the job. If they excelled, execs indicated, they’ll be collecting their promised incentive pay-outs.

Nor is the chain following the lead of Starbucks and virtually the rest of the industry by bundling menu items into bargain-priced packages. The approach would work against Chipotle’s founding principle of customizing each order, executives explained.

But, they acknowledged, the chain is experimenting with new menu boards that may be less intimidating to first-time visitors. A new set-up might also help regulars discover new flavor or meal combinations, they added, though they weren’t forthcoming with details.

P.F. Chang’s is testing several ways to underscore value at its Pei Wei Asian Diner fast-casual concept, including portion cuts with an accompanying price rollback, executives said during their conference call yesterday.

“We’re looking at offering some of the existing products in a smaller portion, smaller price opportunity. We are looking at the possibility of doing some more all-inclusive dining opportunities. And then we are also evaluating the general format of the menu as it sits today in relationship to its current price,” said co-CEO Rick Federico.

He also cited the possibility of doing bundled meals, where a drink, cup of soup, side salad or spring roll could be offered as part of the meal. And, he said, nine stores are offering certain meals as bowls instead of a plated offering.

Federico said the concept has evolved into more of a low-priced alternative to casual restaurants instead of a true quick-casual place, which has been “a bit of a competitive disadvantage.” Part of the remedy, he said, will be a step-up in the development of new menu items.

He also acknowledged under questioning that the company may hire someone out of the fast-casual sector to lead Pei Wei, which has been without a president since Russell Owens resigned late last year.

P.F. Chang’s closed 10 Pei Weis last year.