Good Times Reports Q4 & Fiscal Year Revenues

DENVER–(hospitalitybusinessnews.com)–Good Times Restaurants Inc. , 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 that its total revenues for its fourth fiscal 2015 quarter were $14,551,000 and were $44,058,000 for the fiscal year ended September 30, 2015.

Revenues for the periods were comprised of the following, which reflect the acquisition of Bad Daddy’s International and its related entities on May 7, 2015:

  • Sales for company operated Good Times restaurants were $7,717,000 and $28,522,000 for the fourth quarter and fiscal year, respectively
  • Sales for company operated Bad Daddy’s Burger Bar restaurants were $6,636,000 and $14,996,000 for the fourth quarter and fiscal year, respectively
  • Franchise revenues were $198,000 and $540,000 for the fourth quarter and fiscal year, respectively

The Company said that it plans to report its full fiscal year end results on December 8, 2015.

The Company also reported that in addition to the recently opened Bad Daddy’s Burger Bar in the Landmark development of the Denver Tech Center it plans to open a new Bad Daddy’s Burger Bar restaurant in early December at the Streets of Southglenn shopping center that will include an enclosed rooftop bar and patio, one in the redeveloped Southwest Plaza Mall in early January, one in the new Village at the Peaks shopping center in Longmont, Colorado in February with new stores at the Shops at Briargate in Colorado Springs and in the Foothills Mall redevelopment in Ft. Collins, Colorado shortly thereafter.

Boyd Hoback, President & CEO, said, “We are pleased that we met our sales goal for both the fourth quarter of 2015 and for the fiscal year and are excited about the upcoming Bad Daddy’s openings. Each of the new Bad Daddy’s are in dynamic retail developments that we believe are a great fit for the concept. We are also continuing to work on the integration of the North Carolina Bad Daddy’s operations we acquired in May, innovation in the menu for both concepts and management development to support our growth plans in Bad Daddy’s.”

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