February 06, 2025 04:05 PM Eastern Standard Time

DENVER--(BUSINESS WIRE)--Good Times Restaurants Inc. (Nasdaq: GTIM), operator of the Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard restaurant brands, today reported financial results for the 2025 first fiscal quarter.

Key highlights of the Company’s financial results include:

• Total Revenues for the quarter increased 9.6% to $36.3 million compared to the first quarter of fiscal 2024
• Same Store Sales¹ for company-owned Bad Daddy’s restaurants increased 1.5% for the quarter compared to the first quarter of fiscal 2024 and for Good Times restaurants were unchanged for the quarter compared to the first quarter of fiscal 2024
• Net Income Attributable to Common Shareholders was $0.2 million for the quarter
• Adjusted EBITDA² (a non-GAAP measure) was $1.2 million for the quarter

Ryan M. Zink, the Company’s Chief Executive Officer, said, “I am pleased that our performance this quarter delivered net income compared to a net loss in the same prior year quarter. This improvement in income is in spite of challenges in the QSR environment and the negative impact of the holiday season shift, specifically one fewer shopping week between Thanksgiving and Christmas...

The second fiscal quarter has been beset by unfavorable weather affecting both brands, with several weekends affected by snow events in Colorado, but the underlying trends at both concepts remain encouraging and our product pipeline is strong...

Conference Call: Management will host a conference call to discuss its first quarter 2025 financial results on Thursday, February 6, 2025 at 3:00 p.m. MT/5:00 p.m. ET...

About Good Times Restaurants Inc.: Good Times Restaurants Inc. owns, operates, and licenses 40 Bad Daddy’s Burger Bar restaurants through its wholly owned subsidiaries...

Forward-Looking Statements: This press release contains forward-looking statements within the meaning of federal securities laws...

Category: Financial