Good Times' Q1 revenue falls, net income stable

Reuters
02/06
Good Times' Q1 revenue falls, net income stable

Overview

  • Restaurant operator's fiscal Q1 revenue fell from last year

  • Same-store sales declined 1.2% at Bad Daddy's, 3.1% at Good Times

  • Company maintained net income despite fewer operating weeks

Outlook

  • Good Times Restaurants aims to increase guest traffic through improved burger offerings

  • Company expects improved sales projections and profit measures for fiscal year

  • Bad Daddy’s to shift strategy to monthly food features to increase guest frequency

Result Drivers

  • COST CONTAINMENT - CEO Ryan M. Zink attributed maintained net income to cost containment and vendor negotiations

  • COOK-TO-ORDER TRANSITION - Good Times completed transition to cook-to-order burgers, improving product quality without extra labor costs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$32.70 mln

Q1 Net Income

$198,000

Q1 Adjusted EBITDA

$1.26 mln

Press Release: ID:nBw7Smfcma

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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