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Good Times Restaurants Inc. - $GTIM STOCK NEWS

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Good Times Restaurants Inc. (Nasdaq: GTIM) reported financial results for the 2024 second fiscal quarter, showing a 1.9% increase in Total Revenues to $35.4 million, with a 3.2% decrease in Same Store Sales for Bad Daddy's and a 0.9% increase for Good Times. Net Income Attributable to Common Shareholders was $0.6 million. The Company ended the quarter with $4.0 million in cash and $1.3 million of long-term debt. The company also repurchased 252,496 shares of its common stock.

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Good Times Restaurants Inc. (Nasdaq: GTIM) will release its financial results for the second fiscal quarter 2024 on May 2, 2024. The conference call to discuss the results will be hosted by CEO Ryan M. Zink and Senior VP of Finance and Accounting Keri A. August.
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Good Times Restaurants Inc. (GTIM) reported a 0.9% increase in same store sales for its Good Times brand and a 3.2% decrease for its Bad Daddy’s brand compared to the prior year. Average weekly sales stood at $27,133 and $50,880 for Good Times and Bad Daddy’s, respectively, for the second fiscal quarter ending March 26, 2024. The company's President and CEO, Ryan Zink, highlighted the positive performance of the Good Times brand despite adverse weather conditions. He also noted the sequential improvement in Bad Daddy’s sales, with declines halved from the previous quarter. Zink attributed the success to strategic investments in both brands, focusing on modernizing Good Times and enhancing operational efficiency at Bad Daddy’s.
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Good Times Restaurants Inc. (GTIM) reported financial results for the 2024 first fiscal quarter, with a 0.8% decrease in total revenues to $33.1 million, a 6.2% decrease in same store sales for Bad Daddy’s restaurants, and a 4.1% increase in same store sales for Good Times restaurants. The net loss attributable to common shareholders was $0.6 million, and the adjusted EBITDA for the quarter was $0.3 million. The company ended the quarter with $3.5 million in cash and $1.3 million of long-term debt. Management highlighted investments in the Good Times brand, including remodels, digital menu boards, and mobile app enhancements, as well as efforts to improve operations and sales at Bad Daddy’s restaurants. The company's CEO also mentioned the favorable macro trends favoring the QSR segment over the casual dining segment, positioning the company well to capitalize on these cyclical changes.
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Good Times Restaurants Inc. (Nasdaq: GTIM) will host a conference call to discuss the first quarter financial results on January 31, 2024. The call will be led by CEO Ryan M. Zink and SVP Keri August. The call can be accessed via phone or webcast. A press release with financial results will be issued before the call.
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Good Times Restaurants Inc. (Nasdaq: GTIM) reported a 4.1% increase in same store sales for its Good Times brand and a 6.2% decrease for its Bad Daddy’s brand for the first fiscal quarter ended December 26, 2023. Despite the challenges facing the Bad Daddy’s brand, the company is implementing strategies to drive sales growth and traffic, including launching drink specials, late night happy hour, and a new cocktail lineup. The company also plans to introduce new core menu items to expand the price range and enhance everyday value for customers.
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Good Times Restaurants Inc. (Nasdaq: GTIM) announces the appointment of Keri August as Senior Vice President of Finance and Accounting. Ms. August, with over twenty-seven years of finance and accounting leadership experience, joins the company after serving as a consultant. She brings a proven track record of managing financial capabilities, especially in the restaurant industry. The company's President and CEO, Ryan Zink, expressed excitement about her appointment, highlighting her understanding of the company's financial nuances and alignment with the company's culture.
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Good Times Restaurants Inc. (GTIM) reported its financial results for the fiscal fourth quarter and fiscal year ended September 26, 2023. Total revenues decreased 0.1% to $138.1 million for the year. Total restaurant sales for company-owned Good Times restaurants increased to $9.5 million for the fourth quarter and $35.0 million for the year. Same store sales for company-owned Good Times restaurants increased 2.4% for the fourth quarter and 3.7% for the year. However, total restaurant sales for Bad Daddy’s restaurants decreased to $24.6 million for the fourth quarter and $102.2 million for the year, with same store sales decreasing 4.9% for the fourth quarter. Net loss attributable to common shareholders was $0.3 million for the fourth quarter, while net income attributable to common shareholders was $11.1 million for the year. Adjusted EBITDA was $1.1 million for the fourth quarter and $5.5 million for the year.
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Good Times Restaurants Inc. (Nasdaq: GTIM) will host a conference call to discuss the Q4 and fiscal year 2023 financial results on December 14, 2023. The call will be hosted by CEO Ryan M. Zink and can be accessed via phone or webcast.
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Good Times Restaurants Inc. reports an increase in same store sales for its Good Times brand and a decrease for its Bad Daddy's brand in the fourth fiscal quarter.
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Good Times Restaurants Inc.

Nasdaq:GTIM

GTIM Rankings

GTIM Stock Data

31.36M
9.06M
24.08%
12.09%
0.37%
Food Service Contractors
Accommodation and Food Services
Link
United States of America
GOLDEN

About GTIM

good times restaurants inc owns and operates, and franchises, good times burger and frozen custard and bad daddy's burger bar. good times burgers & frozen custard operates in colorado and wyoming. the company is a quick service restaurant chain serving a high quality, fresh, unique, proprietary selection of hamburgers made with meyer all-natural, all-angus beef, springer mountain farms all-natural hand-breaded chicken, signature wild fries, beer battered onion rings and fresh, creamy frozen custard in a variety of flavors, hand-spun shakes and spoonbenders. bad daddy's burger bar started in north carolina and has grown to south carolina, tennessee, and colorado. bad daddy's is a chef driven burger joint that uses a mix of local and artisanal ingredients to make the most amazing burger you’ve ever had.