Good Times Restaurants Inc Stock Price, News & Analysis

Good Times Restaurants Inc. (Nasdaq: GTIM) reported a 2.9% increase in same-store sales for its Good Times brand and a remarkable 61.4% increase for Bad Daddy's in Q3 2021 compared to the previous year. The increases were attributed to lower COVID-19 restrictions and a recovery in dining habits. Compared to 2019, sales grew by 14.3% at Good Times and 0.7% at Bad Daddy's. The company opened its 40th Bad Daddy's location in Atlanta, achieving initial sales targets. Staffing constraints continue to affect operational hours.

Good Times Restaurants reported an 11.5% increase in total revenues to $29.2 million for the fiscal second quarter ended March 30, 2021. Bad Daddy's restaurant sales rose by $1.7 million to $21.0 million, while Good Times sales increased by $1.3 million to $8.0 million. Same-store sales for Bad Daddy's and Good Times were up 9.1% and 22.9%, respectively. Net income for the quarter was $1.1 million, with adjusted EBITDA of $2.3 million. The company ended the quarter with $11.2 million in cash. Despite positive trends, ongoing economic uncertainty and potential restrictions could impact future operations.

Good Times Restaurants Inc. (GTIM) will host a conference call on May 6, 2021, at 5:00 p.m. ET to discuss its financial results for the second quarter of the 2021 fiscal year. CEO Ryan Zink will lead the call, with a press release containing the financial details to be issued beforehand. The call can be accessed by dialing (888) 339-0806 or via webcast on the corporate website. Good Times operates 39 Bad Daddy’s Burger Bar locations and 32 Good Times Burgers & Frozen Custard restaurants, primarily in Colorado.

Good Times Restaurants Inc. (Nasdaq: GTIM) reported a 22.9% year-over-year increase in same-store sales for its Good Times brand in Q2 2021, while Bad Daddy’s brand saw a 9.1% rise. Factors contributing to these gains include improved customer confidence as COVID-19 restrictions were eased. Average weekly sales were 25,680 at Good Times and 43,624 at Bad Daddy’s. The company is addressing staffing challenges with incentives for vaccinations. Despite progress, risks remain tied to COVID-19 impacts and competitive pressures.

Good Times Restaurants reported Q1 2021 financial results with total revenues down 11.4% to $27.3 million. Bad Daddy’s sales fell to $18.7 million, with same-store sales down 11.8% due to dining room closures. Conversely, Good Times revenues rose 7.7% to $8.4 million, with same-store sales up 22.1%. The company's net income attributable to shareholders reached $0.8 million, and adjusted EBITDA stood at $1.8 million. The CEO noted improved sales post-reopening and plans for new product launches. However, the company refrained from providing a financial outlook due to ongoing pandemic uncertainties.

Good Times Restaurants Inc. (GTIM) will hold a conference call on February 4, 2021, at 5:00 p.m. ET to discuss its financial results for Q1 of FY 2021. CEO Ryan Zink will lead the call, which will be accessible via phone and webcast on the company's website. Good Times Restaurants operates 39 Bad Daddy’s Burger Bar locations and 32 Good Times Burgers & Frozen Custard outlets, primarily in Colorado. The press release includes forward-looking statements, highlighting risks related to COVID-19's impact on operations and future restaurant developments.

Good Times Restaurants Inc. (Nasdaq: GTIM) has amended its credit agreement with Cadence Bank, extending the maturity to January 2023 and adjusting the facility’s capacity to $11 million. CEO Ryan Zink emphasized the importance of this partnership, stating it provides adequate credit during challenging times in casual dining. The facility's size will decrease to $8 million on July 1, allowing flexibility amid COVID-19 uncertainties, while ensuring capital for two new Bad Daddy's locations. The company is focused on operational excellence and financial discipline for future restaurant openings.

Good Times Restaurants (GTIM) reported a 22.1% increase in same-store sales for its Good Times brand during the first fiscal quarter ending December 29, 2020. Conversely, Bad Daddy’s brand saw a decline of 11.8%, attributed to COVID-19 restrictions impacting Colorado dining. Monthly sales for October rose by 15.0%, November by 22.4%, while December saw a 28.3% increase for Good Times. However, Bad Daddy's faced declines of 2.7%, 8.2%, and 21.5% respectively in the same months. These divergent sales trends highlight ongoing challenges due to pandemic-related effects.

Good Times Restaurants reported its fiscal fourth quarter and year ending September 29, 2020, with total revenues decreasing by 0.9% to $28.5 million for the quarter and 0.8% to $109.9 million for the year. Bad Daddy’s restaurant sales fell by 3.8% to $19.3 million for the quarter, while Good Times sales rose by 6.3% to $9.0 million. Net income was $1.5 million in Q4, but there was a net loss of $13.9 million for the year. Adjusted EBITDA was $2.9 million for the quarter. The company remains cautious about future outlook due to ongoing pandemic-related restrictions.