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Good Times Restaurants Inc. reports developments for two restaurant brands, Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard. The company owns, operates and licenses Bad Daddy’s Burger Bar, a full-service small-box concept built around gourmet signature burgers, chopped salads, appetizers, sandwiches, a full bar and craft beer selection. It also owns, operates and franchises Good Times Burgers & Frozen Custard, a regional quick-service drive-through concept primarily in Colorado.
Recurring news centers on fiscal-quarter and full-year results, same-store sales, restaurant-level operating profit, traffic trends, food and labor cost pressures, debt reduction, liquidity and brand-level operating actions across the full-service and quick-service restaurant segments.
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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