Business
Good Times Restaurants Reports Fourth Quarter Same Store Sales
GOLDEN, Colo.--(BUSINESS WIRE)-- Good Times Restaurants Inc. (GTIM), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today
About this update from Good Times Restaurants Inc.
[{"type":"text","content":" GOLDEN, Colo.--(BUSINESS WIRE)--\nGood Times Restaurants Inc. (GTIM), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced that year-over-year same store sales for its fourth fiscal quarter ended September 28, 2021 decreased 0.2% for its Good Times brand and increased 22.8% for its Bad Daddy’s brand. Sales during the fourth quarter of 2021 increased by 8.7% at Good Times and by 5.7% at Bad Daddy’s restaurants, as compared to the fourth quarter of 2019, among restaurants that were open for the full fourth quarter in both years. Same store sales and average weekly sales at Bad Daddy’s and Good Times for each month of the quarter are as follows:\n\n\n\n \n\n\n\n \n\n\n\nGood Times Burgers & Frozen\nCustard\n\n\n\n \n\n\n\nBad Daddy’s\nBurger Bar\n\n\n\n\n\nFiscal Period\n\n\n\n \n\n\n\nSame\nStore Sales1\n\n\n\n \n\n\n\nAverage\nWeekly Sales2\n\n\n\n \n\n\n\nSame\nStore Sales1\n\n\n\n \n\n\n\nAverage\nWeekly Sales2\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nJuly (4 weeks)\n\n\n\n \n\n\n\n-1.0%\n\n\n\n \n\n\n\n29,047\n\n\n\n \n\n\n\n32.6%\n\n\n\n \n\n\n\n50,449\n\n\n\n\n\nAugust (4 weeks)\n\n\n\n \n\n\n\n-2.9%\n\n\n\n \n\n\n\n28,231\n\n\n\n \n\n\n\n20.4%\n\n\n\n \n\n\n\n49,944\n\n\n\n\n\nSeptember (5 weeks)\n\n\n\n \n\n\n\n2.8%\n\n\n\n \n\n\n\n27,220\n\n\n\n \n\n\n\n17.4%\n\n\n\n \n\n\n\n47,777\n\n\n\n\n\nFourth Quarter 2021\n\n\n\n \n\n\n\n-0.2%\n\n\n\n \n\n\n\n28,093\n\n\n\n \n\n\n\n22.8%\n\n\n\n \n\n\n\n49,259\n\n\n\n\n\nFiscal 2021\n\n\n\n \n\n\n\n10.5%\n\n\n\n \n\n\n\n27,298\n\n\n\n \n\n\n\n18.2%\n\n\n\n \n\n\n\n45,575\n\n\n\n\n1 Same store sales include all company-owned restaurants currently open with at least 18 full fiscal periods of operating history.\n\n2 Average weekly sales include all company-owned restaurants.\n\nRyan Zink, President and CEO, said, “We are pleased with the performance of both of our brands during the fourth quarter, including having Good Times maintain the high unit volumes achieved during the early stages of the pandemic despite customers returning to full-service dining. We are pleased to share that Bad Daddy’s is exceeding 2019 sales levels at an increasing pace. Sales this September exceeded September 2019 by 7% among restaurants open for the entire fourth quarter in both years. We opened our second restau...