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. 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. (GTIM) announced the acquisition of membership interests from its partners in five former joint-venture Bad Daddy’s Burger Bar locations across North Carolina and South Carolina for approximately $4.4 million, funded from cash reserves. This strategic move consolidates ownership of all traditional Bad Daddy's locations, enhancing operational familiarity as the company has managed these restaurants since their openings. Additionally, GTIM has amended its credit facility to extend the maturity date to April 30, 2023 and to provide EBITDA credit for a portion of the allocated EBITDA previously held by non-controlling members.
Good Times Restaurants Inc. (GTIM) will host a conference call on February 2, 2023, at 5:00 p.m. ET, to discuss its financial results for the first fiscal quarter ended December 27, 2022. CEO Ryan Zink and SVP of Finance Matthew Karnes will lead the call, with a press release containing the results expected prior to the meeting. The conference call can be accessed by dialing (888) 210-2831, Conference ID 3024033, and will also be available via live webcast on the company's website, where an archive will be posted post-call. GTIM operates 41 Bad Daddy’s Burger Bar restaurants and 31 Good Times Burgers & Frozen Custard locations in Colorado.
Good Times Restaurants Inc. (NASDAQ: GTIM) reported a 3.0% increase in same-store sales for its first fiscal quarter ending December 27, 2022 at its Good Times brand and a 2.4% increase at Bad Daddy’s. Average weekly sales were $26,797 for Good Times and $49,180 for Bad Daddy’s. Menu prices rose 7.9% at Good Times and 5.4% at Bad Daddy's, reflecting efforts to manage inflation. The company operates 41 Bad Daddy’s and 31 Good Times locations, predominantly in Colorado.
Good Times Restaurants Inc. (GTIM) announced its fiscal fourth quarter and year results for 2022, showing a 11.5% increase in total revenues to $138.2 million year-over-year. Bad Daddy's reported a 3.7% increase in same-store sales in Q4, totaling $26 million for the quarter. Good Times also saw a 5.9% increase in same-store sales but a decline in total sales for the year. The company recorded a net loss of $1.3 million for Q4 and $2.6 million for the year, while ending the quarter with $8.9 million in cash and no long-term debt.
Good Times Restaurants Inc. (GTIM) will host a conference call on December 15, 2022, at 5:00 p.m. ET to discuss its fourth fiscal quarter and year-end financial results for the period ending September 27, 2022. CEO Ryan Zink and SVP of Finance Matthew Karnes will lead the call. Interested parties can access the conference by dialing (888) 210-2831 with Conference ID 3024033, or via live webcast on the company's website. A financial results press release will precede the call, and a recording will be available afterward.
Good Times Restaurants Inc. (GTIM) reported a 5.9% increase in same-store sales for its Good Times brand and a 3.7% increase for Bad Daddy’s in Q4 of fiscal year ending September 27, 2022. Average weekly sales reached $29,896 for Good Times and $49,945 for Bad Daddy’s. Full-year results showed a 1.1% rise for Good Times and 11.2% for Bad Daddy’s. The company noted challenges in staffing but emphasized menu price increases of 7.7% for Good Times and 5.7% for Bad Daddy’s as mitigating factors for low single-digit traffic declines.
Good Times Restaurants reported a 7.5% increase in total revenues to $36.5 million for Q3 2022, compared to the previous year. Year-to-date revenues rose by 13.9% to $103.0 million. Bad Daddy’s restaurant sales grew by $2.8 million to $27.1 million for the quarter, while Good Times sales slightly declined to $9.1 million. Net income for the quarter was $0.5 million, while year-to-date net loss stood at $1.4 million. The company faces challenges including inflationary pressures and ongoing labor costs. No financial forecast has been provided for FY 2022 or FY 2023.
Good Times Restaurants Inc. (GTIM) will host a conference call on August 11, 2022, at 5:00 p.m. ET to discuss third fiscal quarter financial results. The call will feature CEO Ryan Zink and SVP of Finance Matthew Karnes. A press release detailing the financial results will be distributed before the call. Investors can access the call by dialing (888) 210-2831 with Conference ID 3024033. Additionally, a live webcast will be available on the company's website.
Good Times Restaurants Inc. (GTIM) reported a 1.6% increase in same-store sales for its Good Times brand and a 5.3% increase for Bad Daddy’s brand in Q3, ending June 28, 2022. Average weekly sales were $30,411 for Good Times and $52,745 for Bad Daddy’s. CEO Ryan Zink highlighted the completion of digital menu boards in one-third of Good Times locations and ongoing signage improvements. The company faces supply and labor challenges but remains committed to enhancing guest experience and modernizing its brand.
Good Times Restaurants reported a 15.1% increase in total revenues to $33.6 million for Q2 FY22, with Bad Daddy's Burger Bar driving much of this growth, showing a 15.5% same-store sales increase. However, Good Times restaurants saw a 0.9% decline in same-store sales. The company reported a net loss of $2.2 million for the quarter and ended with $7.1 million in cash. CEO Ryan M. Zink highlighted inflationary pressures on costs and indicated an optimistic outlook for future margins. No fiscal 2022 forecast was provided due to uncertainties surrounding COVID-19 and supply chain issues.