This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Good Times Reports 1st Quarter Results

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 of Bad Daddy’s Burger Bar, a full service, upscale concept today announced its unaudited financial results for the first fiscal quarter ended December 31, 2013.

Key highlights of the Company’s report include:

  • Same store sales for company-owned restaurants increased 17.4% for the quarter, which was the fourteenth consecutive quarter of increasing same store sales
  • Restaurant-Level Operating Profit (see schedule below) increased 112% or $466,000 over last year during the quarter
  • The restaurant level operating margin increased by 610 basis points to 14.9% from 8.8% last year during the quarter (see schedule below)
  • Preopen costs related to the development of the first Colorado Bad Daddy Burger Bar restaurants were $148,000 during the quarter
  • The Affiliate Investment Loss from the Company’s 48% ownership of Bad Daddy’s Franchise Development LLC was $72,000 during the quarter related to initial development costs for the Bad Daddy’s franchise program
  • Loss from Operations decreased to ($86,000) from ($297,000) in the prior year, including an increase in General & Administrative expenses this year related to the Company’s expanded Investor Relations expenses and Bad Daddy’s of Colorado administrative expenses

“We are very pleased with our continuing sales trends and the dramatic increases we’ve had over the last two years and we’re are now seeing a corresponding increase in our profitability,” said Boyd Hoback, Good Times Restaurants Inc. President and CEO. “We’re still relatively early in our reimaging and remodeling process of older restaurants which we believe will provide additional sales momentum this year. Our operations, marketing and product development initiatives have come together in a powerful way, heightening our competitive differences that we believe the large quick service hamburger chains can’t and won’t match.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs