Good Times Restaurants ( (GTIM) ) has released its Q1 earnings. Here is a breakdown of the information Good Times Restaurants presented to its investors.
Good Times Restaurants Inc., a company operating in the food service sector, is known for its Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard brands. This Denver-based company focuses on providing gourmet burgers and frozen custard delights primarily in Colorado and other regions.
In the first fiscal quarter of 2025, Good Times Restaurants reported a noteworthy rise in total revenues, marking a 9.6% increase compared to the previous year, achieving $36.3 million. The company also turned a net income of $0.2 million, showcasing a positive financial shift from the net loss reported in the same period last year.
The company’s performance was buoyed by a 1.5% increase in same-store sales at Bad Daddy’s restaurants, while Good Times’ sales remained stable. Improved margins at Bad Daddy’s can be attributed to better labor productivity and cost management, particularly with a decrease in beef prices. However, the Good Times brand faced increased staffing costs, which affected its margins. Despite weather-related challenges in the ongoing second quarter, both brands have promising product pipelines, with Bad Daddy’s leveraging its popular smashed patty burgers and Good Times introducing new menu items.
Looking ahead, Good Times Restaurants is focused on continuing its growth momentum. With strategic menu development and brand modernization efforts underway, the company remains committed to enhancing its market position and operational efficiency in the competitive restaurant landscape.