Good Times Sales Growth Continues

August Same Store Sales +12%, Two Year Increase of +30.7%

New Flavored Wings Coming for Fall

GOLDEN, Colo. - September 05, 2014 - (BUSINESS WIRE) - Good Times Restaurants Inc. (Nasdaq: GTIM), operator of Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain focused on fresh, high-quality, all-natural products and a licensee of Bad Daddy's Burger Bar, a full-service, upscale concept today announced that same store sales for its Good Times Burgers and Frozen Custard concept increased 12% in August 2014 over the prior year's increase of 18.7%, representing a two-year increase of 30.7%, the eleventh consecutive month of two-year same store increases over 20%. The Company also said that September will be the last month for which it will report monthly same store sales results but that it plans to continue to report quarterly same store sales results.

Boyd Hoback, President & CEO said, "We look forward to reporting this quarter's financial results as we expect the continued double-digit sales increases to result in expanded operating margins, consistent with last quarter's results. We have a good pipeline of product innovation for fiscal 2015 that supports our overall brand strategy and messaging along with the continued remodeling of our older restaurants that we hope will continue our strong sales trends through next year."

The Company also reported that it plans to roll out new All Natural Flavored Boneless Wings in October that include Buffalo, Garlic Parmesan and Spicy Orange Habanero flavor options. Hoback added, "Last fall's Buffalo Wing promotion was very successful so we've added a couple of exciting new flavors to the lineup this year to keep our All Natural, Hand Breaded Chicken Tender category vibrant and interesting. It is a very large category of our sales mix, so we want to leverage the platform as much as we can."

About Good Times Restaurants Inc.

Good Times Restaurants Inc. (GTIM) operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants located primarily in Colorado, in its wholly owned subsidiary, Good Times Drive Thru Inc. Good Times provides a menu of high-quality all-natural hamburgers, 100% all-natural chicken tenderloins, fresh frozen custard, fresh-cut fries, fresh lemonades and other unique offerings. Good Times currently operates and franchises 36 restaurants.

GTIM owns and operates Bad Daddy's Burger Bar restaurants as a licensee through its wholly owned subsidiary, BD of Colorado LLC and plans to franchise Bad Daddy's Burger Bar restaurants through its 48% ownership of Bad Daddy's Franchise Development LLC. Bad Daddy's Burger Bar is a full-service, upscale, "small box" restaurant concept featuring a chef-driven menu of gourmet signature burgers, chopped salads, appetizers and sandwiches with a full bar and a focus on a selection of craft microbrew beers in a high energy atmosphere that appeals to a broad consumer base.

Good Times Forward-Looking Statements: This press release contains forward looking statements within the meaning of federal securities laws. The words "intend," "may," "believe," "will," "should," "anticipate," "expect," "seek" and similar expressions are intended to identify forward looking statements. These statements involve known and unknown risks, which may cause the Company's actual results to differ materially from results expressed or implied by the forward looking statements. These risks include such factors as the uncertain nature of current restaurant development plans and the ability to implement those plans, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, and other matters discussed under the "Risk Factors" section of Good Times' Annual Report on Form 10-K for the fiscal year ended September 30, 2013 filed with the SEC. Although Good Times may from time to time voluntarily update its forward looking statements, it disclaims any commitment to do so except as required by securities laws.

Contacts:

Boyd E. Hoback 
Good Times Restaurants Inc.
Investor Relations
303-384-1411
President and CEO

Christi Pennington
Good Times Restaurants Inc.
Investor Relations
303-384-1440

Gary Heller
Good Times Restaurants Inc.
Investor Relations
914-813-8547

Mike Porter
Porter, LeVay & Rose
212-564-4700

###

Share this Story:

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Golden Corral Buffet and Grill
Golden Corral is the nation's leading family style restaurant franchise featuring steaks, buffet and bakery items.
Fantastic Sams
Fantastic SamsĀ® is one of the most recognized brands in the hair care industry with nearly 1,200 full-service salons in North America and 40 years...
Bacon Bros. Public House
Bacon Bros. Public House prides itself on quality, locally sourced ingredients in addition to our award winning entrees, in-house smoked meats and...
Elements Massage
When simplicity is the essence of your business model, clients and owners benefit. Clients want a predictably wonderful experience with every visit....
Perkins Restaurant & Bakery
In today's market, the opportunity to buy a PerkinsĀ® couldn't be better for experienced restaurateurs interested in aligning with a concept that has...

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2017. All Rights Reserved.

In Loving Memory Of Timothy Gardner (1987-2014)