Industry News | October 3, 2017

Good Times Reports Another Quarter of Sales Growth

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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, announced that its Good Times’ same store sales increased 3.9 percent in its fiscal fourth quarter ended September 26 over the prior year’s decrease of 1.2 percent, and its Bad Daddy’s same store sales increased 1.4 percent during the quarter over the prior year’s increase of 1.9 percent. Excluding the Cherry Creek location which continues to be impacted by construction in the surrounding area, Bad Daddy’s same store sales increased 1.9 percent for the quarter.

Boyd Hoback, president & CEO, says, “We saw our fifth consecutive quarter of sequential improvement in our same store sales at Good Times, and exceeded our expectations of 3 to 3.5 percent comps for the quarter. Our comps accelerated during the quarter, from 3.4 in July to 3.7 percent in August to 4.5 percent comps in September, including a week of unseasonably inclement weather at the end of the September period in Colorado. We are very pleased with our results during the quarter, as we continue to compete in an environment with significant discounting in both of our competitive segments. We believe that our sales improvements at Good Times are the cumulative result of our introduction of the West Coast Double promotion and the quality improvements to our core burger lineup that we made in April.”

Regarding Bad Daddy’s results, Hoback adds, “Our Bad Daddy’s brand also performed very well, posting positive comp sales for the tenth consecutive quarter and exceeding our expectations of flat to slightly negative comps for the quarter with improvement sequentially from our fiscal third quarter and similar sequential improvement as Good Times during the quarter with the September period comps 3.6 percent. Today we opened our fifth company-owned location in the Charlotte market, marking the first restaurant opened during fiscal 2018, and we further expect to open a new store in Greenville, North Carolina next week. In addition to these two restaurants, we expect to open an additional seven Bad Daddy’s restaurants during fiscal 2018, primarily in the Southeast.”

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