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Good Times Restaurants Inc. (symbol: GTIM) is a prominent player in the restaurant industry, known for its diverse and high-quality offerings. The company owns, operates, and franchises two distinct restaurant brands: Good Times Burgers & Frozen Custard and Bad Daddy's Burger Bar.
Good Times Burgers & Frozen Custard operates primarily in Colorado and Wyoming. This quick service restaurant chain is celebrated for its fresh, high-quality hamburgers made with Meyer all-natural, all-Angus beef, and Springer Mountain Farms all-natural hand-breaded chicken. The menu also boasts signature wild fries, beer-battered onion rings, and a variety of frozen custard flavors, including hand-spun shakes and spoonbenders.
Bad Daddy's Burger Bar began its journey in North Carolina and has since expanded to South Carolina, Tennessee, and Colorado. This brand is a chef-driven burger joint that prides itself on using a mix of local and artisanal ingredients to create extraordinary burgers.
Good Times Restaurants Inc. operates through two segments: the quick-service drive-through dining industry under the Good Times Burgers & Frozen Custard brand, and the full-service upscale casual dining industry under the Bad Daddy's Burger Bar brand. The company generates its maximum revenue from the Bad Daddy's Burger Bar segment.
The menu categories across both brands include burgers, chicken, kids' meals, breakfast options, frozen custard, sides, and drinks.
Recent achievements of Good Times Restaurants Inc. include expanding its geographical footprint, enhancing menu offerings, and forging new partnerships to ensure sustainable growth and customer satisfaction. The company continues to innovate and adapt to industry trends, maintaining a strong financial condition and a positive outlook for future expansion.
- High-Quality Ingredients: Commitment to using all-natural beef and chicken.
- Geographical Expansion: Growth into new states and regions.
- Innovative Menu: Unique and proprietary food items that attract a broad customer base.
- Segment Leadership: Leading revenue generation through Bad Daddy's Burger Bar.
Stay updated with the latest news and developments from Good Times Restaurants Inc. to understand their performance and strategic moves in the restaurant industry.
Good Times Restaurants Inc. (GTIM) reported its fiscal Q4 and full-year 2024 results, showing a 3.0% increase in total revenues to $142.3 million. Bad Daddy's restaurants saw a 3.2% same-store sales increase in Q4 but a 1.2% decrease for the full year, with total restaurant sales reaching $103.5 million. Good Times restaurants experienced a 0.1% same-store sales decrease in Q4 but a 2.9% increase for the year, with sales of $38.0 million.
The company reported Net Income Attributable to Common Shareholders of $0.2 million for Q4 and $1.6 million for the fiscal year. Adjusted EBITDA was $1.3 million for Q4 and $5.4 million for the year. The company expanded its share repurchase program by $2 million to $7 million total, having already purchased approximately $4.8 million in shares.
Good Times Restaurants (Nasdaq: GTIM), which operates Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard, has scheduled a conference call for December 12, 2024, at 5:00 p.m. ET to discuss their fourth quarter and fiscal 2024 financial results. The call will be led by CEO Ryan M. Zink and Senior VP of Finance and Accounting Keri A. August. A press release containing financial results will be issued before the call. Investors can join via phone at (888) 210-2831 (Conference ID 3024033) or through a webcast on the company's investor relations website.
Good Times Restaurants Inc. (NASDAQ: GTIM) has acquired two Good Times Burgers & Frozen Custard locations in Broomfield and Northglenn, Colorado from a franchisee. The restaurants underwent a brief two-day closure for upgrades, including new digital menu boards and next-generation point-of-sale systems. The company plans to remodel these locations within the next 18-24 months as part of their system refresh initiative.
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.
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