Good Times Reports Q1 Same Store Sales +4.8%

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 Good Times’ same store sales increased 4.8% in its first fiscal quarter ended December 31, 2015 over the prior year’s increase of 8.0%, and that its three year compound increase in same store sales was 31.9%. The Company reported that its Bad Daddy’s same store sales also increased 6.5% during the quarter.

Boyd Hoback, President & CEO, said “We are very pleased with our first quarter sales at both brands and continuing our cumulative three year trend of over 30% at Good Times, particularly in light of the weather impact on Good Times’ sales in November and December. At Good Times, we have some very interesting new products in our development pipeline for fiscal 2016 and will continue to promote our all natural beef, chicken and bacon platform in our next television media window that targets the more discerning quick service restaurant consumer while our larger competitors are heavily focused on value and low price points. Bad Daddy’s had a very strong quarter versus our goal of low single digit comp sales for fiscal 2016, with particularly strong results in December.”

The Company also said that it has opened three new Bad Daddy’s since the beginning of the fiscal year and will report initial sales results further into the second quarter. Hoback added, “We opened our sixth store in Colorado at Southwest Plaza Mall in Littleton, yesterday. We are excited about the potential of all of our new stores, as we continue to build brand awareness in each of the trade areas and we are optimistic that sales growth will continue in new and established stores with ongoing innovation in each category of our menu.”

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