earnings
confidence high
sentiment neutral
materiality 0.55
Good Times Restaurants reports $138.2M revenue for FY2022, net loss $2.6M
Good Times Restaurants Inc.
- Total revenues up 11.5% to $138.2M; total restaurant sales for Bad Daddy's increased $14.6M to $103.2M.
- Same-store sales: Bad Daddy's +3.7% Q4, +11.2% FY; Good Times +5.9% Q4, +1.1% FY.
- Net loss attributable to common shareholders $1.3M in Q4 and $2.6M for the year.
- Adjusted EBITDA $0.9M Q4, $4.8M FY; ended quarter with $8.9M cash and no long-term debt.
- Plans to open one Bad Daddy's in Huntsville, AL and deploy digital menu boards at Good Times in FY2023.