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GTIM — Good Times Restaurants News Story

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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

MetricBeat/MissActualConsensus 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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