Sixteenth Consecutive Month of Same Store Sales Increases For Good Times Restaurants Inc.

Good Times Restaurants Inc. (Nasdaq: GTIM) announced its sixteenth consecutive month of same store sales increases through the end of October with September and October sales increasing slightly over the prior year’s 7.4% and 20% increases, respectively. For the fiscal year ended September 30, 2011 same store sales increased 6.2%.

“We will continue a very aggressive product reformulation and introduction schedule throughout fiscal 2012 centered on our quarterly 'Lover’s' themes, fresh, handcrafted products and our platform of using high quality, regional ingredients augmented by a new customer loyalty program that we will use to increase customer engagement and frequency.”

Commenting on the sales improvement, President & CEO, Boyd Hoback said, “We are pleased that we continue to see improved sales trends as we lap over more challenging comparisons from last year’s big increases, a trend which continues into November. We anticipate that the cumulative sales increases will result in our reporting approximately $1,350,000 in improved cash flow from continuing operations for fiscal 2011 compared to fiscal 2010 in our year end 10K filing.”

The Company also reported that it is completing its planned rollout of new menu boards to all of its restaurants, which along with the current Santiago’s green chile promotion has increased the average transaction by approximately 4%. Hoback added, “We will continue a very aggressive product reformulation and introduction schedule throughout fiscal 2012 centered on our quarterly 'Lover’s' themes, fresh, handcrafted products and our platform of using high quality, regional ingredients augmented by a new customer loyalty program that we will use to increase customer engagement and frequency.”

Good Times currently operates and franchises 45 restaurants.


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