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GTIM — Good Times Restaurants News Story

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Good Times Restaurants Q2 revenue falls as competition intensifies

Overview

U.S. restaurant operator's fiscal Q2 revenue fell 3.1% yr/yr to $33.2 mln

Same-store sales at both brands — Bad Daddy’s and Good Times — declined 0.8% in the quarter

Company cites intensified competition and cost pressures, but sequential improvement in key metrics

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

COMPETITION AND COST PRESSURES - Co said intensified competition and cost pressures affected results in the quarter

SEQUENTIAL IMPROVEMENT - Management noted sequential improvement in same-store sales and adjusted EBITDA from the prior quarter

Company press release: ID:nBw8p65Zqa

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$33.2 mln
Q2 Net Income$100,000
Q2 Adjusted EBITDA$1.4 mln
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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