Good Times Restaurants Inc Stock Price, News & Analysis

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.

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.