Good Times Restaurants Provides Business Update and Reports First Quarter Same Store Sales

Good Times Restaurants (GTIM) reported a 22.1% increase in same-store sales for its Good Times brand during the first fiscal quarter ending December 29, 2020.

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Good Times Restaurants Inc. (Nasdaq: GTIM), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced that year-over-year same store sales for its Good Times brand increased 22.1% for its first fiscal quarter ended December 29, 2020. Year-over-year same store sales at its Bad Daddy’s brand decreased 11.8% during the quarter compared to its fiscal 2020 first quarter, driven by the impact of the COVID-19 pandemic and associated government restrictions related to restaurant dining rooms, including the closure of dining rooms in its twelve Colorado Bad Daddy’s for part of November and all of December. Same store sales and average weekly sales at Bad Daddy’s and Good Times for each month of the quarter are as follows:

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		Good Times Burgers & Frozen Custard					Bad Daddy’s Burger Bar
Fiscal Period		Same Store Sales1			Average Weekly Sales2		Same Store Sales1			Average Weekly Sales2
October (4 weeks)		15.0	%		25,750		-2.7	%		41,782
November (4 weeks)		22.4	%		27,185		-8.2	%		39,903
December (5 weeks3)		28.3	%		26,536		-21.5	%		35,680