Good Times Restaurants Inc: Falls after 2019 forecast cut

Good Times Restaurants

14/12/2018 15:58

** Fast food restaurant chain's shares  GTIM.O  plunge 22.9
pct at $2.93 
    ** Third biggest pct loser among U.S. stocks; on pace for
its worst day in at least 5 years
    ** Q4 comp sales rose 0.5 pct vs 3.9 pct rise in the
year-ago quarter; co says sales have been hurt by bad weather
 urn:newsml:reuters.com:*:nBw44Z8nLa
    ** Cuts its 2019 forecast to account for weak openings in
its New Atlanta, Greenville, South Carolina restaurants 
    ** Says sales recorded in these locations during their 2017
and 2018 openings were stronger than that expected in 2019
    ** Stock up 14 pct this year

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Reuters Messaging:
Amy.CarenDaniel.thomsonreuters.com@reuters.net))