Good Times Restaurants Inc
NASDAQ:GTIM
Good Times Restaurants Inc
Good Times Restaurants, Inc. owns, operates, and franchises restaurants in Colorado and Wyoming. The company is headquartered in Golden, Colorado and currently employs 219 full-time employees. The firm operates through two segments: Good Times Burgers and Frozen Custard restaurants and Bad Daddy’s Burger Bar restaurants. Good Times Burgers & Frozen Custard segment provides quick-service hamburger-focused restaurant concept. Bad Daddy’s Burger Bar restaurants segment offers a full-service dining small box better burger concept. The firm owns, operates, franchises, or licenses of approximately 42 Bad Daddy’s restaurants including 14 in North Carolina, 12 in Colorado and one non-traditional unit in Colorado, five in Georgia, three in South Carolina, two in Alabama, two in Tennessee and one in Oklahoma and 32 Good Times restaurants, includes 30 in Colorado, two in Wyoming and are dual brand concept restaurants operated by a franchisee of both Good Times and Taco John’s.
Good Times Restaurants, Inc. owns, operates, and franchises restaurants in Colorado and Wyoming. The company is headquartered in Golden, Colorado and currently employs 219 full-time employees. The firm operates through two segments: Good Times Burgers and Frozen Custard restaurants and Bad Daddy’s Burger Bar restaurants. Good Times Burgers & Frozen Custard segment provides quick-service hamburger-focused restaurant concept. Bad Daddy’s Burger Bar restaurants segment offers a full-service dining small box better burger concept. The firm owns, operates, franchises, or licenses of approximately 42 Bad Daddy’s restaurants including 14 in North Carolina, 12 in Colorado and one non-traditional unit in Colorado, five in Georgia, three in South Carolina, two in Alabama, two in Tennessee and one in Oklahoma and 32 Good Times restaurants, includes 30 in Colorado, two in Wyoming and are dual brand concept restaurants operated by a franchisee of both Good Times and Taco John’s.
Revenue Drop: Total revenue fell about 10% year-over-year to $32.7 million, mainly due to a shorter quarter and restaurant closures.
Profitability Steady: Net income was flat at $0.2 million, with adjusted EBITDA also unchanged at $1.3 million despite weather impacts and negative same-store sales.
Sales Trends Improving: Both Bad Daddy's and Good Times saw sequential improvement in same-store sales declines, with further recovery expected in Q2.
Cost Control: Lower food and labor costs helped offset sales declines, resulting in improved restaurant-level margins for both brands.
Menu & Loyalty Initiatives: New menu items, pricing strategies, and an upgraded loyalty program are driving higher guest engagement and operational efficiency.
Capital Allocation Priorities: Management plans to prioritize debt paydown, build cash reserves, and consider resuming share repurchases before further development of new Bad Daddy's locations.
