Good Times Restaurants jumps on bumper quarter

Good Times Restaurants

11/08/2021 13:11

** Shares of Bad Daddy's Burger Bar operator  GTIM.O  jump
27% premarket, set to open at a four-month high of $5.72
    ** Co reports a smashing rise in Q3 profit to $1.04 per
share from 2 cents in the previous year, thanks to debt
extinguishment
    ** Q3 revenue jumps 39.4% y-o-y as sales for Bad Daddy's
restaurants rise ~64%  urn:newsml:reuters.com:*:nFWN2PH1MO
    ** Co sees net profit between $16.5 mln and $17.0 mln for
FY21; expects to open one additional Bad Daddy's restaurant in
Q4  
    ** Plans to buy up to 1.4 mln shares at $4.60 per share, a
2% premium to last close; Offer expected to start on or after
Aug. 13 and remain open for 20 business days  urn:newsml:reuters.com:*:nFWN2PH1JX
    ** Shares set for best session in one year
    ** Stock was up 58% YTD as of last close

 (Reporting by Susan Mathew)
 ((susan.mathew@thomsonreuters.com))