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. (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.
Good Times Restaurants Inc. (GTIM) will host a conference call on August 10, 2021, at 5:00 p.m. ET, to discuss its third-quarter financial results for fiscal year 2021. The call will be led by CEO Ryan Zink and VP of Finance Maggie Regalia. An accompanying press release detailing financial performance will be issued prior to the call. Interested parties can join by phone or via a live webcast on the company's website, where an archive will also be available post-call.
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.