Good Times Restaurants Q1 revenue $32.9M (+20.5% YoY); net income $0.3M; Bad Daddy's SSS +24.0%

Good Times Restaurants Inc.

2023-Q1 EPS reported $0.03 revenue$32,916,000

Total revenues $32.9M, up 20.5% from fiscal 2021; net income attributable to common shareholders $0.3M.
Bad Daddy's same-store sales increased 24.0%; Good Times same-store sales decreased 5.9%.
Adjusted EBITDA $1.5M; end-of-quarter cash $7.6M with no long-term debt.
Board authorized $5M common stock repurchase program.
No fiscal 2022 guidance provided due to COVID-19 and inflationary uncertainty.

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