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) is the operator of the Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard restaurant brands. Its news flow is centered on financial results, restaurant performance and operational updates for these two concepts. Earnings releases regularly discuss restaurant sales, same store sales trends, restaurant-level operating profit and Adjusted EBITDA, giving investors and followers insight into how the full-service and quick-service brands are performing.
News about Bad Daddy’s Burger Bar often highlights comparable sales performance, restaurant-level margins and menu initiatives. Company commentary has referenced chef-driven gourmet burgers, promotional items and menu engineering, as well as experiments with pricing structures and marketing channels such as streaming video and connected TV advertising. Updates may also cover restaurant openings, closures and changes in restaurant counts by period.
Coverage related to Good Times Burgers & Frozen Custard focuses on its role as a regional quick-service concept primarily in Colorado. News releases describe same store sales trends, remodel programs, brand campaigns that emphasize Colorado roots and efforts to adjust media mixes and promotions in response to competitive discounting in the quick-service space.
In addition to brand-level updates, Good Times Restaurants Inc. issues news on share repurchase activity, credit agreement amendments and non-GAAP performance measures. Regular announcements of quarterly and annual earnings calls provide schedules and access details for investors. This news page aggregates those releases so readers can follow GTIM’s restaurant sales trends, brand strategies, capital allocation decisions and key financial metrics over time.
Good Times Restaurants Inc. (GTIM) announced the appointment of Matthew Karnes as Senior Vice President of Finance. Karnes, with 18 years of experience, previously served as Chief Operating and Financial Officer at Denver Economic Development. His role at GTIM aims to strengthen financial operations and strategic decision-making. As part of his inducement compensation, Karnes will receive stock options for 50,000 shares, with specific vesting conditions. GTIM operates 42 Bad Daddy’s Burger Bar locations and 32 Good Times Burgers & Frozen Custard outlets primarily in Colorado.
Good Times Restaurants reported a 20.5% increase in total revenues, reaching $32.9 million for the quarter ending December 28, 2021.
Bad Daddy’s restaurant sales accounted for $24.6 million, with a same-store sales increase of 24.0%. In contrast, Good Times saw a 5.9% decrease in same-store sales, totaling $8.1 million.
The net income attributable to common shareholders was $0.3 million, while adjusted EBITDA was $1.5 million.
The company ended the quarter with $7.6 million in cash and no long-term debt.
Good Times Restaurants Inc. (GTIM) announced a share repurchase program, starting February 7, 2022, to buy back up to $5 million of its common stock. This initiative aims to return capital to shareholders while allowing the company to reinvest in its brands, primarily Bad Daddy's Burger Bar. CEO Ryan Zink expressed confidence in the company's growth opportunities. The timing and number of shares repurchased will depend on various factors, including market conditions. The program may be suspended or discontinued at the company's discretion.
Good Times Restaurants Inc. (GTIM) has appointed Donald L. Stack as the new Senior Vice President of Operations, effective February 7, 2022, succeeding Scott Lefever. Stack has 45 years of experience in the restaurant industry, having led operations for multiple restaurant chains and was previously a Regional Manager at Firebirds International. His leadership is expected to enhance operations and brand growth at Good Times Burgers & Frozen Custard, which operates 42 Bad Daddy’s Burger Bar locations and 32 Good Times locations in Colorado.
Good Times Restaurants Inc. (Nasdaq: GTIM) will host a conference call on February 3, 2022, at 5:00 p.m. ET, to discuss its Q1 financial results. CEO Ryan Zink will lead the call, which can be accessed by calling (844) 200-6205 with access code 721552. The call will also be webcast on their corporate website, with an archive available after the event. Good Times operates 42 Bad Daddy’s Burger Bar restaurants and 32 Good Times Burgers & Frozen Custard locations, focusing on a diverse menu and craft beers.
Good Times Restaurants Inc. (GTIM) reported mixed financial performance for Q1 2022. Same-store sales for Good Times decreased by 2.5%, while Bad Daddy's Burger Bar saw a significant 24.0% growth. Overall sales increased 19.5% at Good Times and 8.9% at Bad Daddy's compared to Q1 2020 prior to the pandemic. Notably, average weekly sales for Good Times were $25,916, while Bad Daddy’s reported $48,174. Increased input costs and staffing challenges were acknowledged by President Ryan Zink. The outlook remains cautiously optimistic amid ongoing challenges.
Good Times Restaurants Inc. (Nasdaq: GTIM) announced the retirement of Scott LeFever, Vice President of Operations, effective March 31, 2022. The company has a successor lined up to join in early 2022. LeFever expressed pride in his 43-year tenure and the relationships built during that time. Good Times operates 42 Bad Daddy’s Burger Bar restaurants and 32 Good Times Burgers & Frozen Custard locations, predominantly in Colorado. The company recognizes the ongoing challenges posed by the COVID-19 pandemic, staffing constraints, and competition, which could affect future operations.
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.
FAQ
What is the current stock price of Good Times Restaurants (GTIM)?
What is the market cap of Good Times Restaurants (GTIM)?
