Good Times Restaurants Inc. Reports 3.3% Revenue Decline in Fiscal Q2 2025; Same Store Sales Down for Both Brands
Good Times Restaurants Inc., the operator of Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard, reported its financial results for the fiscal 2025 second quarter ended April 1, 2025. Total revenues for the quarter decreased by 3.3% to $34.3 million compared to the same quarter in fiscal 2024. Same store sales for company-owned Bad Daddy's restaurants dropped by 3.7%, while Good Times restaurants experienced a 3.6% decrease compared to the fiscal 2024 second quarter. Year-to-date, the same store sales are down by 1.1% for Bad Daddy's and 1.9% for Good Times. The company reported a net loss attributable to common shareholders of $0.6 million for the quarter. Adjusted EBITDA, a non-GAAP measure, was reported at $1.0 million for the quarter. The company ended the quarter with $2.7 million in cash and $2.6 million in long-term debt. CEO Ryan M. Zink highlighted cost control efforts at Bad Daddy's, noting a 13.6% Restaurant Level Operating Profit margin. The company also announced a temporary pause in repurchasing shares and is undergoing adjustments to improve effectiveness, efficiency, and profitability, including leadership changes and a review of operational structures. The remodel program is progressing, with two-thirds of the system completed and more substantial remodels planned for fiscal 2026.
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