Good Times Restaurants Reports Positive Financial Results for First Fiscal Quarter

Good Times Restaurants Inc., operating Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard brands, recently released the financial outcomes for its initial fiscal quarter ending December 31, 2024. The company showcased an increase in total revenues by 9.6% to $36.3 million in comparison to the first quarter of fiscal 2024.

Some key highlights of the financial report include a 1.5% rise in Same Store Sales for company-owned Bad Daddy’s restaurants and unchanged figures for Good Times restaurants compared to the previous year. The Net Income Attributable to Common Shareholders was reported at $0.2 million for the quarter, with an Adjusted EBITDA of $1.2 million, a non-GAAP measure.

Ryan M. Zink, CEO of Good Times Restaurants, expressed satisfaction with the quarter’s performance, noting a positive shift from net loss to net income compared to the preceding year’s equivalent period. Zink highlighted the challenges faced in the QSR environment and the impact of the holiday season shift on operations.

The second fiscal quarter, however, faced adverse weather conditions affecting both brands, impacting sales and operations. Despite these challenges, the company remains optimistic about the future and highlighted ongoing product developments and a strong product pipeline for both brands.

Management will host a conference call on February 6, 2025, at 3:00 p.m. MT/5:00 p.m. ET to review the financial results of the first quarter of 2025. This call will feature Ryan M. Zink, CEO, and Keri A. August, Senior Vice President of Finance and Accounting.

Good Times Restaurants Inc. currently owns, operates, and licenses a total of 40 Bad Daddy’s Burger Bar restaurants and 30 Good Times Burgers & Frozen Custard restaurants mainly in Colorado, with plans for further modernization and brand evolution.

The financial report also provided supplemental information on selected balance sheet data, margin analysis, and reconciliations of U.S. GAAP results to non-GAAP measurements, offering a comprehensive overview of the company’s financial performance during the period.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Good Times Restaurants’s 8K filing here.

About Good Times Restaurants

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. It operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full-service upscale casual dining restaurant.