Good Times Restaurants Reports Second Fiscal Quarter Same Store Sales

Good Times Restaurants Inc. (Nasdaq: GTIM), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced that same store sales¹ increased 0.9% for its Good Times brand and decreased 3.2% for its Bad Daddy’s brand compared to the same prior-year fiscal quarter and average weekly sales² were $27,133 and $50,880 for its Good Times and Bad Daddy’s brands, respectively, for its second fiscal quarter ended March 26, 2024.

Ryan Zink, President and CEO, said “The strength of our Good Times brand is clearly evident from this quarter’s sales performance. Our Colorado-based brand delivered positive same store sales despite significantly unfavorable weather during the quarter.”

“The sequential improvement in Bad Daddy’s same store sales is encouraging, with same store declines nearly half of what we saw in the first fiscal quarter. The more impressive trend is that, like many in the casual dining space, we saw a weak January but this was then offset by improving trends throughout the quarter, with a particularly strong March in spite of our Colorado Bad Daddy’s being affected by the same unfavorable weather impacting our Good Times brand.” Zink continued.

Mr. Zink concluded, “I believe that the top line results this quarter demonstrate the success of our strategies at both concepts, including meaningful capital investments at Good Times to freshen and modernize that brand, and the operational changes at Bad Daddy’s driving a greater ownership mindset and ultimately improved hospitality and guest experience.”

About Good Times Restaurants Inc.: Good Times Restaurants Inc. owns, operates, and licenses 41 Bad Daddy’s Burger Bar restaurants through its wholly owned subsidiaries. Bad Daddy’s Burger Bar is a full-service “small box” restaurant concept featuring a chef-driven menu of gourmet signature burgers, chopped salads, appetizers and sandwiches with a full bar and a focus on a selection of local and craft beers in a high-energy atmosphere that appeals to a broad consumer base. Additionally, through its wholly owned subsidiaries, Good Times Restaurants Inc. owns, operates and franchises 31 Good Times Burgers & Frozen Custard restaurants primarily in Colorado. Good Times is a regional quick-service concept featuring 100% all-natural burgers and chicken sandwiches, signature wild fries, green chili breakfast burritos and fresh frozen custard desserts.