Good Times Restaurants Inc. (Nasdaq: GTIM) today announced its same store sales increased 17.9% for the month of July, its fourth consecutive month of double digit increases.
Commenting on the Company’s continued sales increases, Boyd Hoback, President & CEO said, “Our goal is to continue to compound our year-over-year sales increases at Good Times and optimize the profit flow-through on those incremental sales as we ramp up for additional new unit growth in Company-owned and franchised restaurants in the Bad Daddy’s Burger Bar concept. Our Good Times’ brand initiatives run deep and are clearly working. We are early on in telling our brand story through the new television campaign and very early on in our reimaging of older restaurants, which we believe bodes well for continued momentum in our top line. Given our sales trend over the first ten months of this year, it appears we have established a significantly higher base of sales that is being brand driven rather than promotionally driven.”
About Good Times Restaurants Inc.
Good Times Restaurants Inc. (GTIM) is a regional chain of quick service restaurants located primarily in Colorado providing 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 39 restaurants.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 Good Times’ 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, 2012 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.
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