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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$33.2 mln
Q2 Net Income
$100,000
Q2 Adjusted EBITDA
$1.4 mln
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(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.)