Good Times Restaurants Reports Third Fiscal Quarter Same Store Sales

Good Times Restaurants Inc. (Nasdaq:GTIM) today announced that same store sales increased 2.2% for its Good Times brand and decreased 1.4% for its Bad Daddy's brand

Jul 19, 2023 - 11:43

Good Times Restaurants Inc. (Nasdaq:GTIM), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced that same store sales1 increased 2.2% for its Good Times brand and decreased 1.4% for its Bad Daddy’s brand, and that average weekly sales2 were $31,073 and $52,081 for its Good Times and Bad Daddy’s brands, respectively, for its third fiscal quarter ended June 27, 2023.

Ryan Zink, President and CEO, said, “In spite of unfavorable weather comparisons in Colorado we again reported positive same store sales at our Good Times restaurants. At Bad Daddy’s, we reported a decline in same store sales. The sales losses were concentrated in our Atlanta and Chattanooga markets. In contrast, our Bad Daddy’s Colorado market performed remarkably well in sales, growing same store sales by 2.1%. I am very pleased with the hard work and dedication by our teams as they continue to deliver a great experience to our guests.”

Good Times Restaurants Inc. owns, operates, and licenses 40 Bad Daddy’s Burger Bar restaurants through its wholly owned subsidiaries. Bad Daddy’s Burger Bar is a full-service “small box” restaurant concept featuring a chef-driven menu of gourmet signature burgers, chopped salads, appetizers and sandwiches with a full bar and a focus on a selection of local and craft beers in a high-energy atmosphere that appeals to a broad consumer base. Additionally, through its wholly owned subsidiaries, Good Times Restaurants Inc. owns, operates and franchises 31 Good Times Burgers & Frozen Custard restaurants primarily in Colorado.

1 Same store sales include all company-owned restaurants currently open with at least 18 full fiscal months of operating history and for Bad Daddy’s excludes the Cherry Creek location which was closed prior to the current quarter and excludes the Magnolia Park location during the fiscal periods it was closed for remodeling.
2 Average weekly sales include all company-owned restaurants open for the full fiscal quarter and for Bad Daddy’s excludes the and for Bad Daddy’s excludes the Cherry Creek location which was closed prior to the current quarter and excludes the Magnolia Park location during the fiscal periods it was closed for remodeling.