Industry News | April 3, 2017

Good Times 'Pleased with Our Results During the 2Q'

Bookmark/Search this post
Email this story Email this story
Printer-friendly versionPrinter-friendly version

Read More About

Good Times Restaurants Inc., operator of Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain focused on fresh, high-quality, all-natural products and of Bad Daddy’s Burger Bar, a full-service, upscale concept, today announced that its Bad Daddy’s same store sales increased 3.2 percent in its fiscal second quarter ended March 28, 2017 over the prior year’s increase of 1.9 percent and its Good Times’ same store sales increased 0.1 percent during the quarter over the prior year’s increase of 0.5 percent. Excluding the days that the Good Times’ restaurants were closed for kitchen remodels to add new production line equipment, same store sales increased 0.5 percent for the quarter.

Boyd Hoback, president and CEO, says: “We saw our third consecutive quarter of sequential improvement in our same store sales at Good Times, and we continue to exceed our expectations for Bad Daddy’s. We are very pleased with our results during the second quarter, particularly given the competitive discounting environment, and the fact that we had no media advertising in place for Good Times. We completed our kitchen updates in all of our Good Times stores which will allow us to meet our planned roll out of our hotter, cheesier burger lineup and mid-tier priced burgers in all stores during the first week of April with television advertising support. In addition, our most recent Good Times restaurant in Greeley, Colorado, has experienced record sales in its first two weeks of being open, and our newest Bad Daddy’s restaurant in Fayetteville, North Carolina, continues to be one of our top-performing stores in the system. We are opening our next new Bad Daddy’s stores in Colorado in April and June, and in Raleigh, NC in May with three more under development in North Carolina and Oklahoma for opening in August and September.”

Good Times Restaurants Inc. (GTIM) operates Good Times Burgers & Frozen Custard, a regional chain of quick-service restaurants located primarily in Colorado, and its wholly owned subsidiary, Good Times Drive Thru Inc. Good Times provides a menu of high-quality all-natural hamburgers, 100 percent all-natural chicken tenderloins, fresh frozen custard, natural-cut fries, fresh lemonades and other unique offerings. Good Times currently operates and franchises a total of 38 restaurants.

GTIM owns, operates, franchises and licenses 20 Bad Daddy’s Burger Bar restaurants through its wholly owned subsidiaries. Bad Daddy’s Burger Bar is a full-service, upscale, “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 craft microbrew beers in a high-energy atmosphere that appeals to a broad consumer base.

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.