Regarding future expectations, Hoback added “We are seeing growth in both transactions and our average check without the benefit of much broadcast media, based on effective store level communications of unique product offerings and a tight focus on quality enhancements across our menu. While the commodity environment remains challenging and is pressuring our cost of sales margin, we expect that approximately 40% to 45% of incremental sales growth will flow to our cash flow from operations, significantly improving our financial performance compared to the first half of fiscal 2010, which was the bottoming of our sales trends. We have lived through the influx of several fast casual “better burger” competitors and are seeing our customers returning for our fresh, premium burger lineup, fresh cut fries, fresh frozen custard, fresh squeezed lemonades and fresh Craver Combos.”Good Times is a regional chain of quick service restaurants located primarily in Colorado providing a menu of high quality all natural hamburgers, 100% breast of chicken sandwiches, fresh frozen custard, fresh squeezed lemonades and other unique offerings. Good Times currently operates and franchises 49 restaurants.
Good Times Restaurants Inc. Reports Entering Into Stock Purchase Agreement For The Sale Of $2.1 Million Of Its Common Stock, Continued Positive Sales Trends
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