Industry News | July 8, 2002

Good Times' Announces Third-Quarter Same Store Sales Increase of 13.2%

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Good Times Restaurants, Inc. today announced its third-quarter same store sales increased 13.2% over last year's decrease of -.41%. April same store sales increased 12.6%, May increased 15.3% and June increased 11.8%.

"Our frozen custard flavor of the month program has driven significant traffic among existing Good Times customers and provided a reason for trial with an entirely new customer group," said Boyd Hoback, President and CEO. "Oregon Blackberry and Chocolate Chocolate Chip increased consumers' frequency of use. Last week we launched July's flavor Orangesicle, with rave reviews. We anticipate continued sales growth as a result of our ongoing efforts to reposition the GoodTimes' brand."

Hoback recently reported that the company plans to expand from 33 restaurants in the Front Range and Denver metropolitan areas to over 55 Colorado locations over the next few years. Good Times' expansion plans in the Colorado include entering the Colorado Springs, Pueblo, Parker and Castle Rock markets as well as adding additional stores along the Front Range from metro Denver to Fort Collins. The company also recently unveiled its progressive new architectural look for future stores.

"Our expansion will allow us to provide a much higher level of convenience for our customers in Colorado and continue to gain advertising strength," said Hoback. Executives credit the company's new Flavor of the Month program for the Good Times improving numbers, citing the increased traffic brought in by the program. Good Times Restaurants, Inc. today announced its third-quarter same store sales increased 13.2% over last year's decrease of -.41%. April same store sales increased 12.6%, May increased 15.3% and June increased 11.8%.

"Our frozen custard flavor of the month program has driven significant traffic among existing Good Times customers and provided a reason for trial with an entirely new customer group," said Boyd Hoback, President and CEO. "Oregon Blackberry and Chocolate Chocolate Chip increased consumers' frequency of use. Last week we launched July's flavor Orangesicle, with rave reviews. We anticipate continued sales growth as a result of our ongoing efforts to reposition the GoodTimes' brand."

Hoback recently reported that the company plans to expand from 33 restaurants in the Front Range and Denver metropolitan areas to over 55 Colorado locations over the next few years. Good Times' expansion plans in the Colorado include entering the Colorado Springs, Pueblo, Parker and Castle Rock markets as well as adding additional stores along the Front Range from metro Denver to Fort Collins. The company also recently unveiled its progressive new architectural look for future stores.

"Our expansion will allow us to provide a much higher level of convenience for our customers in Colorado and continue to gain advertising strength," said Hoback.