Good Times' Q1 revenue falls, net income stable

Reuters

Feb 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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Zink attributed maintained net income to cost containment and vendor negotiations</p></li><li><p>COOK-TO-ORDER TRANSITION - Good Times completed transition to cook-to-order burgers, improving product quality without extra labor costs</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q1 Revenue</p></td><td></td><td><p>$32.70 mln</p></td><td></td></tr><tr><td><p>Q1 Net Income</p></td><td></td><td><p>$198,000</p></td><td></td></tr><tr><td><p>Q1 Adjusted EBITDA</p></td><td></td><td><p>$1.26 mln</p></td><td></td></tr></tbody></table><p>Press Release: <span>ID:nBw7Smfcma</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. 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Zink attributed maintained net income to cost containment and vendor negotiationsCOOK-TO-ORDER TRANSITION - Good Times completed transition to cook-to-order burgers, improving product quality without extra labor costsKey DetailsMetricBeat/MissActualConsensus EstimateQ1 Revenue$32.70 mlnQ1 Net Income$198,000Q1 Adjusted EBITDA$1.26 mlnPress Release: ID:nBw7SmfcmaFor 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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}