Good Times Restaurants Q1 revenue $33.4M (+1.5% YoY), net loss $0.1M; same-store sales up 2-3%

Good Times Restaurants Inc.

2023-Q1 EPS reported -$0.01 revenue$33,394,000

Total revenues $33.4M, up 1.5% YoY; net loss attributable to common shareholders $0.1M.
Bad Daddy's same-store sales +2.4%; Good Times same-store sales +3.0%.
Adjusted EBITDA $0.7M; quarter-end cash $6.9M, zero long-term debt.
Subsequent to quarter, acquired membership interests in five Bad Daddy's locations previously jointly owned.
Management cites inflationary beef cost pressure; implemented 3.4% price increase in Jan 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Good Times Restaurants Inc. reported the first fiscal quarter ended December 27, 2022 results: revenue $33.4 million, net income $0.1 million.

Period: the first fiscal quarter ended December 27, 2022
Revenue: $33.4 million
Net income: $0.1 million
Result: reported results

Exact text from the filing

for the first fiscal quarter ended December 27, 2022. Key highlights of the Company’s financial results include: · Total Revenues for the quarter increased 1.5% to $33.4 million compared to fiscal 2022 first quarter · Total Restaurant Sales for Bad Daddy’s restaurants were $25.2 million for the quarter · Same Store Sales 1 for company-owned Bad Daddy’s

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Source: SEC EDGAR

accession 0001214659-23-001499

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