Good Times Restaurants Inc. - GTIM STOCK NEWS

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.

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.