Good Times Restaurants ( (GTIM) ) has released its Q3 earnings. Here is a breakdown of the information Good Times Restaurants presented to its investors.
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Good Times Restaurants Inc. operates in the fast-casual dining sector, managing the Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard brands, known for their gourmet burgers and custard desserts, primarily in Colorado.
The company recently released its fiscal 2025 third-quarter earnings report, revealing a slight decline in total revenues and same-store sales compared to the previous year. Despite these challenges, the company maintained profitability and is taking strategic steps to address sales declines.
Key financial metrics from the report show a 2.4% decrease in total revenues to $37.0 million, with same-store sales dropping by 1.4% at Bad Daddy’s and 9.0% at Good Times. Net income attributable to common shareholders was reported at $1.5 million, and adjusted EBITDA stood at $2.2 million. The company ended the quarter with $3.1 million in cash and $2.3 million in long-term debt.
In response to the sales decline, Good Times Restaurants is revisiting its marketing strategy, appointing Jason Murphy as the new Senior Director of Marketing. The company plans to launch a new brand campaign focusing on its Colorado roots, aiming to enhance brand recognition and drive sales.
Looking ahead, Good Times Restaurants is committed to improving unit-level economics and maintaining a balance between cost management and customer experience. The company aims to address traffic trends and enhance operational efficiency to sustain profitability.