Good Times Restaurants to Reschedule Release of Second Quarter Earnings Results and Conference Call to May 14, 2020
DENVER - (BUSINESS WIRE) - May 11, 2020 - Good Times Restaurants Inc. (Nasdaq: GTIM), operator of Bad Daddy’s Burger Bar, a full-service, upscale concept and Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain, today announced it has rescheduled the release of its financial results for the second fiscal quarter, which ended March 31, 2020.
The conference call has been rescheduled to May 14, 2020 at 5:00 pm ET. A press release with financial results will be issued prior to the call.
This will provide the Company with additional time to complete its quarter-end closing procedures, which have been delayed with respect only to second quarter results. This delay is in connection with our review and our auditor’s review processes related to PP&E and intangibles impairment, which is taking longer than usual due to uncertainties and complications associated with the impact of the COVID-19 pandemic.
The conference call can be accessed live over the phone by dialing (888) 339-0806 and requesting the Good Times Restaurants (GTIM) call.
The conference call will also be webcast live from the Company's corporate website. An archive of the webcast will be available at the same location on the corporate website shortly after the call has concluded.
About Good Times Restaurants Inc.
Good Times Restaurants Inc. (GTIM) owns, operates, franchises and licenses 39 Bad Daddy’s Burger Bar restaurants through its wholly-owned subsidiaries. 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. Additionally, through its wholly-owned subsidiaries, Good Times Restaurants Inc. operates and franchises a regional quick-service restaurant chain consisting of 33 Good Times Burgers & Frozen Custard restaurants, an upscale, quick-service restaurant concept offering fresh, 100% all-natural, hand-crafted products located primarily in Colorado.
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 disruption to our business from the novel coronavirus (COVID-19) pandemic and the impact of the pandemic on our results of operations, financial condition and prospects which may vary depending on the duration and extent of the pandemic and the impact of feral, state and local governmental actions and customer behavior in response to the pandemic, the uncertain nature of current restaurant development plans and the ability to implement those plans and integrate new restaurants, 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 24, 2019 and subsequent filings 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.
Source: Good Times Restaurants Inc.
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