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
Metric
Beat/Miss
Actual
Consensus 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.)