Good Times Restaurants Q3 profit rises despite lower revenue
Good Times Restaurants Q3 profit rises despite lower revenue
Overview
US restaurant operator's fiscal Q3 revenue fell 5% yr/yr
Adjusted EBITDA for fiscal Q3 rose yr/yr
Company says improved profitability driven by cost management and Good Times sales
Outlook
Company expects Q4 profitability to improve year-over-year due to cost management and Good Times sales
Good Times same store sales have turned positive, a trend continuing into the fourth quarter
Company is testing value-oriented promotions at Bad Daddy’s to address ongoing sales headwinds
Result Drivers
$2 BAMBINO CAMPAIGN - Co said systemwide launch of $2 Bambino offer in June lifted same store sales at Good Times
BAD DADDY'S SALES PRESSURE - Co said Bad Daddy's Burger Bar continued to see sales headwinds and is testing value promotions to address traffic declines
Company press release: ID:nBw3HVkq9a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $35.2 mln |
|
Q3 Net Income |
| $1.91 mln |
|
Q3 Adjusted EBITDA |
| $2.5 mln |
|
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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.)
Recent news on Good Times Restaurants
See all newsGood Times Restaurants Q3 profit rises despite lower revenue
Brief: Good Times Restaurants Q3 Revenue USD 35.2 Million
Good Times Restaurants Q2 revenue falls as competition intensifies
Brief: Good Times Restaurants Q2 Revenue USD 33.2 Million
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