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) 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.
Good Times Restaurants Inc. (GTIM) will host a conference call on December 15, 2020, at 5:00 p.m. ET to discuss its fourth-quarter fiscal results. Ryan Zink, CEO, will lead the call, which can be accessed by dialing (888) 339-0806 or via a live webcast on the company's website. Good Times operates 39 Bad Daddy’s Burger Bar locations and 32 Good Times Burgers & Frozen Custard restaurants, primarily in Colorado. The press release anticipates risks associated with COVID-19, including business disruptions and potential delays in restaurant development, which could affect future financial performance.
Good Times Restaurants Inc. (GTIM) reported a 10.0% increase in same store sales for its Good Times brand in Q4 and a 7.9% increase for the fiscal year ending September 29, 2020. However, Bad Daddy’s Burger Bar experienced a 12.2% decline in Q4 and a 17.7% decrease for the full year due to COVID-19 impacts. The company ended the fiscal year with about $11 million in cash and equivalents and plans to seek forgiveness for PPP loans. CEO Ryan Zink noted improvements in operational capability despite ongoing pandemic challenges.