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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. (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.
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