Welcome to our dedicated page for Good Times Restaurants news (Ticker: GTIM), a resource for investors and traders seeking the latest updates and insights on Good Times Restaurants stock.
Good Times Restaurants Inc (NASDAQ: GTIM) operates two distinct dining concepts: quick-service Good Times Burgers & Frozen Custard drive-throughs and full-service Bad Daddy's Burger Bar locations. This news hub provides investors and industry observers with essential updates about the company's operational developments, financial performance, and strategic initiatives.
Access official press releases covering earnings results, leadership changes, and menu innovations alongside analysis of market positioning in the competitive restaurant sector. Track updates about franchise expansion, ingredient sourcing practices, and customer experience enhancements across both business segments.
All content is curated to meet investor needs for timely, accurate information about GTIM's dual approach to casual dining. Bookmark this page for continuous access to corporate announcements, regulatory filings, and operational updates from the company known for premium all-natural ingredients and differentiated dining experiences.
Good Times Restaurants (Nasdaq: GTIM) reported a 5.8% increase in same store sales for its Good Times brand and a 1.2% increase for its Bad Daddy’s brand for the third fiscal quarter ending June 25, 2024. Average weekly sales were $31,780 for Good Times and $52,555 for Bad Daddy’s. CEO Ryan Zink highlighted the strength of the Good Times brand, the successful remodel of a Lakewood, Colorado restaurant, and the acquisition of a restaurant in Parker, Colorado. The company has also implemented a new point-of-sale system in eleven of its twenty-six Good Times locations. Zink emphasized the company's strategy of reinvesting in existing restaurants, cautious new-unit development, and returning capital to shareholders through share repurchases.
Good Times Restaurants (NASDAQ: GTIM) announced the acquisition of a Good Times Burgers & Frozen Custard location in Parker, Colorado on May 22, 2024. The company plans to implement extensive renovations including resurfacing the parking lot, installing a digital menu package and point-of-sale system, updating signage, and refreshing landscaping. Additional exterior upgrades will include new awnings, patio umbrellas, lighting, and paint. Company President Ryan Zink noted the expansion of operating hours and emphasized the importance of continuing the legacy built by the previous franchisee, John Felton, who has been a valuable partner.
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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