Good Times Restaurants Q3 revenue down 5% to $35.2M; net income $1.9M

Good Times Restaurants Inc.

Total revenues $35.2M, down 5.0% YoY; net income attributable to common shareholders $1.9M.
Same-store sales: Bad Daddy's -2.3%, Good Times +0.6% for the quarter.
Adjusted EBITDA (non-GAAP) was $2.5M for the quarter.
Cash $3.6M, long-term debt $0.3M at quarter end.
CEO expects Q4 total profitability to improve YoY on cost management and Good Times sales lift.

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