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GTIM — Good Times Restaurants News Story

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Brief: Good Times Restaurants Q3 Revenue USD 37 Million

Overview

Good Times fiscal Q3 revenue falls 2.4% yr/yr to $37 mln

Net income for fiscal Q3 was $1.5 mln, despite revenue decline

Company hires new marketing director, launches new Good Times campaign

Outlook

Company revisiting strategy to address sales declines

Good Times launching new brand campaign in August

Company focused on improving unit-level economics

Good Times addressing traffic trends at both brands

Result Drivers

SALES DECLINE - CEO Ryan M. Zink notes disappointing sales results, particularly for Good Times brand, with significant drop in same-store sales

COST CONTROLS - Bad Daddy’s brand strengthened bottom-line results through good controls and reductions in general and administrative costs

MARKETING STRATEGY - Co hires Jason Murphy as Senior Director of Marketing to oversee new brand campaign and address sales declines

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$37 mln
Q3 Net Income$1.50 mln
Q3 Adjusted EBITDA$2.20 mln
Press Release: ID:nBw2nHX0va (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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