Good Times Restaurants Inc Stock Price, News & Analysis

Good Times Restaurants reported a 12.8% revenue increase, totaling $124.0 million for the fiscal year ending September 28, 2021. Restaurant sales for the fourth quarter rose 17.6% to $33.5 million. Bad Daddy's sales surged 16.1% year-over-year, while Good Times saw a 0.2% decline in same-store sales for Q4 but a 10.5% annual increase. Net income reached $1.3 million for Q4 and $16.8 million for the year. The company faces challenges from inflation and supply chain issues but remains optimistic without fiscal guidance for 2022.

Good Times Restaurants Inc. (Nasdaq: GTIM) will host a conference call on December 16, 2021, at 5:00 p.m. ET, to discuss its fourth quarter and fiscal year-end financial results. The call will be led by Ryan Zink, President and CEO. A press release detailing financial results will precede the call. Investors can access the call by dialing (844) 200-6205 with access code 827058, or via a live webcast on the corporate website.

Good Times operates 42 Bad Daddy’s Burger Bar restaurants and 32 Good Times Burgers & Frozen Custard locations, predominantly in Colorado.

Good Times Restaurants (GTIM) reported its Q4 2021 results, noting a 0.2% decrease in same store sales for its Good Times brand, while Bad Daddy's brand saw a remarkable 22.8% increase. Compared to Q4 2019, Good Times' sales increased by 8.7% and Bad Daddy's by 5.7%. September sales exceeded those from September 2019 by 7%. The company opened two new locations, one being a non-traditional unit at Tivoli Brewery, enhancing its market presence and operational performance.

Good Times Restaurants Inc. (Nasdaq: GTIM) announced the final results of its cash tender offer to buy back 1,413,000 shares at $4.60 each. The offer, which expired on September 10, 2021, resulted in the acceptance of 333,241 shares, costing the company approximately $1.53 million. This buyback represents about 2.6% of the company's total outstanding shares as of September 13, 2021. Payments for the accepted shares will be made promptly. Shareholders with inquiries can contact Alliance Advisors, the information agent for the tender offer.

Good Times Restaurants Inc. (Nasdaq: GTIM) announced the appointment of Ryan M. Zink to its Board of Directors, expanding the board from four to five members. Zink, who has been with the company since April 2020 as President and CEO, brings significant operational and financial expertise. Chairman Geoff Bailey highlighted that Zink's consumer-focused perspective and leadership during the COVID-19 pandemic led to improved operating results. Good Times operates 41 Bad Daddy's Burger Bar restaurants and 32 Good Times Burgers & Frozen Custard locations, primarily in Colorado.

Good Times Restaurants Inc. (GTIM) announced the preliminary results of its cash tender offer to purchase up to 1,413,000 shares of common stock at $4.60 per share. The offer expired on September 10, 2021, with 333,241 shares expected to be accepted at an aggregate cost of approximately $1,532,908. This represents about 2.6% of the company’s outstanding shares. The final number of shares and total purchase price will be confirmed post-settlement. For inquiries, shareholders may contact Alliance Advisors.

Good Times Restaurants Inc. (Nasdaq: GTIM) is initiating a tender offer to purchase up to 1,413,000 shares of its common stock at $4.60 per share, representing about 11.0% of the outstanding shares. The closing price before the announcement was $4.50. The tender offer is not contingent on a minimum number of shares being tendered and will expire on September 10, 2021. The company intends to fund the acquisition using existing cash. Alliance Advisors, LLC is the information agent, while Broadridge Corporate Issuer Solutions, Inc. will act as the depositary.

Good Times Restaurants Inc. (Nasdaq: GTIM) announced a tender offer to purchase up to 1,413,000 shares of its common stock at $4.60 per share, totaling approximately $6.5 million. The offer aims to return capital to shareholders and enhance their ownership stake. Commencing on August 13, 2021, the offer will last for twenty business days, funded through existing cash reserves. Broadridge Corporate Issuer Solutions, Inc. will act as the depositary. Shareholders are encouraged to read related materials carefully once available, as they will contain essential information regarding the tender offer.

Good Times Restaurants reported a 39.4% increase in total revenues to $33.9 million for the fiscal third quarter ended June 29, 2021. Bad Daddy’s sales rose by $9.5 million to $24.4 million, while same-store sales for Bad Daddy's surged 61.4%. Net income attributable to shareholders was $13.6 million, aided by forgiveness of PPP loans. The company expects net income of $16.5 million to $17.0 million for fiscal 2021 and aims to open one new Bad Daddy’s restaurant. Cost pressures are anticipated to persist in the labor market.