Good Times Restaurants Inc. - GTIM STOCK NEWS

Good Times Restaurants Inc. (Nasdaq: GTIM) reported mixed same store sales results for its fourth fiscal quarter ended September 24, 2024. The Good Times brand experienced a 0.1% decrease in same store sales, while the Bad Daddy's brand saw a 3.2% increase compared to the prior-year fiscal quarter.

For the entire 2024 fiscal year, Good Times brand's same store sales increased by 2.9%, while Bad Daddy's brand decreased by 1.2% compared to the previous fiscal year. CEO Ryan Zink noted that the Good Times brand faced challenges due to deep discounting in the quick-service sector. The company plans to focus on promoting its Bambinos sliders and introduce a -time Bambino Supremo three-pack in November. Bad Daddy's performance improved towards the end of the fiscal year, attributed to a focus on basic operations and relevant -time offers.

Good Times Restaurants (Nasdaq: GTIM) reported its Q3 2024 results with a 6.5% increase in total revenues to $37.9 million compared to Q3 2023.

Same Store Sales saw a growth of 1.2% for Bad Daddy’s and 5.8% for Good Times compared to the same quarter last year. The company reported a net income of $1.3 million and ended the quarter with $4.8 million in cash and $0.8 million in borrowings.

Good Times also repurchased 263,516 shares of its common stock. Key developments included the completion of a significant remodel, the rollout of a new point-of-sale system in multiple locations, and the acquisition and improvement of a franchisee-owned restaurant in Parker, Colorado.

CEO Ryan M. Zink highlighted the strong performance of both brands, new product introductions, and continued operational improvements, including a multi-faceted approach to creating value for shareholders through reinvestments and share repurchases.

Good Times Restaurants Inc. (Nasdaq: GTIM), operator of Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard, has announced a conference call to discuss its third fiscal quarter 2024 financial results. The call is scheduled for August 1, 2024, at 5:00 p.m. ET. CEO Ryan M. Zink and Senior VP of Finance and Accounting Keri A. August will host the call. A press release with financial results will be issued before the call. Investors can access the call by dialing (888) 210-2831 with Conference ID 3024033 or via webcast on the company's investor relations website. An archive of the webcast will be available shortly after the call concludes.

Good Times Restaurants (Nasdaq: GTIM) reported a 5.8% increase in same store sales for its Good Times brand and a 1.2% increase for its Bad Daddy’s brand for the third fiscal quarter ending June 25, 2024. Average weekly sales were $31,780 for Good Times and $52,555 for Bad Daddy’s. CEO Ryan Zink highlighted the strength of the Good Times brand, the successful remodel of a Lakewood, Colorado restaurant, and the acquisition of a restaurant in Parker, Colorado. The company has also implemented a new point-of-sale system in eleven of its twenty-six Good Times locations. Zink emphasized the company's strategy of reinvesting in existing restaurants, cautious new-unit development, and returning capital to shareholders through share repurchases.

Good Times Restaurants (NASDAQ: GTIM) announced the acquisition of a Good Times Burgers & Frozen Custard location in Parker, Colorado on May 22, 2024. The company plans to implement extensive renovations including resurfacing the parking lot, installing a digital menu package and point-of-sale system, updating signage, and refreshing landscaping. Additional exterior upgrades will include new awnings, patio umbrellas, lighting, and paint. Company President Ryan Zink noted the expansion of operating hours and emphasized the importance of continuing the legacy built by the previous franchisee, John Felton, who has been a valuable partner.

Good Times Restaurants Inc. (Nasdaq: GTIM) reported financial results for the 2024 second fiscal quarter, showing a 1.9% increase in Total Revenues to $35.4 million, with a 3.2% decrease in Same Store Sales for Bad Daddy's and a 0.9% increase for Good Times. Net Income Attributable to Common Shareholders was $0.6 million. The Company ended the quarter with $4.0 million in cash and $1.3 million of long-term debt. The company also repurchased 252,496 shares of its common stock.

Good Times Restaurants Inc. (Nasdaq: GTIM) will release its financial results for the second fiscal quarter 2024 on May 2, 2024. The conference call to discuss the results will be hosted by CEO Ryan M. Zink and Senior VP of Finance and Accounting Keri A. August.

Good Times Restaurants Inc. (GTIM) reported a 0.9% increase in same store sales for its Good Times brand and a 3.2% decrease for its Bad Daddy’s brand compared to the prior year. Average weekly sales stood at $27,133 and $50,880 for Good Times and Bad Daddy’s, respectively, for the second fiscal quarter ending March 26, 2024. The company's President and CEO, Ryan Zink, highlighted the positive performance of the Good Times brand despite adverse weather conditions. He also noted the sequential improvement in Bad Daddy’s sales, with declines halved from the previous quarter. Zink attributed the success to strategic investments in both brands, focusing on modernizing Good Times and enhancing operational efficiency at Bad Daddy’s.

Good Times Restaurants Inc. (GTIM) reported financial results for the 2024 first fiscal quarter, with a 0.8% decrease in total revenues to $33.1 million, a 6.2% decrease in same store sales for Bad Daddy’s restaurants, and a 4.1% increase in same store sales for Good Times restaurants. The net loss attributable to common shareholders was $0.6 million, and the adjusted EBITDA for the quarter was $0.3 million. The company ended the quarter with $3.5 million in cash and $1.3 million of long-term debt. Management highlighted investments in the Good Times brand, including remodels, digital menu boards, and mobile app enhancements, as well as efforts to improve operations and sales at Bad Daddy’s restaurants. The company's CEO also mentioned the favorable macro trends favoring the QSR segment over the casual dining segment, positioning the company well to capitalize on these cyclical changes.