Business
Good Times Restaurants Reports Second Quarter Same Store Sales
GOLDEN, Colo.--(BUSINESS WIRE)-- Good Times Restaurants Inc. (Nasdaq: GTIM), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard,
About this update from Good Times Restaurants Inc.
[{"type":"text","content":" GOLDEN, Colo.--(BUSINESS WIRE)--\nGood Times Restaurants Inc. (Nasdaq: 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 Good Times brand increased 22.9% for its second fiscal quarter ended March 30, 2021. Year-over-year same store sales at its Bad Daddy’s brand increased 9.1% during the quarter compared to its fiscal 2020 second quarter, driven by reductions in COVID-19-related restrictions late in the quarter and the rollover of initial prior-year impacts of the pandemic during the last half of March. 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 &\n\n\nFrozen Custard\n\n\n\n \n\n\n\nBad Daddy’s\n\n\nBurger Bar\n\n\n\n\n\nFiscal Period\n\n\n\n \n\n\n\nSame\n\n\nStore\n\n\nSales1\n\n\n\n \n\n\n\nAverage\n\n\nWeekly\n\n\nSales2\n\n\n\n \n\n\n\nSame\n\n\nStore\n\n\nSales1\n\n\n\n \n\n\n\nAverage\n\n\nWeekly\n\n\nSales2\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\nJanuary (4 weeks)\n\n\n\n \n\n\n\n24.2%\n\n\n\n \n\n\n\n25,833\n\n\n\n \n\n\n\n-8.3%\n\n\n\n \n\n\n\n40,297\n\n\n\n\n\nFebruary (4 weeks)\n\n\n\n \n\n\n\n22.4%\n\n\n\n \n\n\n\n25,165\n\n\n\n \n\n\n\n-4.2%\n\n\n\n \n\n\n\n42,159\n\n\n\n\n\nMarch (5 weeks)\n\n\n\n \n\n\n\n22.2%\n\n\n\n \n\n\n\n25,969\n\n\n\n \n\n\n\n41.6%\n\n\n\n \n\n\n\n47,457\n\n\n\n\n\nSecond Quarter 2021\n\n\n\n \n\n\n\n22.9%\n\n\n\n \n\n\n\n25,680\n\n\n\n \n\n\n\n9.1%\n\n\n\n \n\n\n\n43,624\n\n\n\n\n\nYTD 2021\n\n\n\n \n\n\n\n22.5%\n\n\n\n \n\n\n\n26,065\n\n\n\n \n\n\n\n-1.8%\n\n\n\n \n\n\n\n41,240\n\n\n\n\n\n\n1\n\n\n \n\nSame store sales include all company-owned restaurants currently open with at least 18 full fiscal periods of operating history.\n\n\n\n\n\n2\n\n\n \n\nAverage weekly sales include all company-owned restaurants.\n\n\n\n\nRyan Zink, President & CEO, said: “We are pleased to report strong sales for both brands in our second fiscal quarter. We continue to see sequential improvement in average weekly sales at Bad Daddy’s as customers return to on-premises dining and our Good Times concept continues to post impressive sales in spite of reduced pandemic-related restrictions and increased consumer confidence in on-premise dining, wh...