Good Times Restaurants Inc. reported a decrease in financial performance for the fiscal quarter ended March 31, 2026, with net revenues of $33.2 million, down 3.1% from $34.3 million in the same quarter of the previous year. The decline was attributed to reduced sales in both its Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard segments, with Bad Daddy's sales falling to $23.9 million from $24.8 million, and Good Times sales decreasing to $9.2 million from $9.3 million. The company also recorded a net income of $159,000, a significant improvement from a net loss of $627,000 in the prior year quarter.
In terms of operational metrics, the company experienced a decline in same-store sales, with Bad Daddy's and Good Times both reporting a decrease of 0.8% and 0.9%, respectively. The company operated a total of 38 Bad Daddy's and 30 Good Times restaurants as of March 31, 2026, reflecting a slight reduction in locations compared to the previous year. The total number of shares outstanding was reported at 10,557,896, with no new stock repurchases during the quarter.
Good Times Restaurants also noted a decrease in restaurant operating costs, with food and packaging costs dropping to $9.8 million from $10.5 million, and payroll costs decreasing to $11.4 million from $11.8 million. The company attributed these reductions to improved operational efficiencies and a decrease in waste, although it faced challenges from rising beef and bacon prices. General and administrative costs also fell to $2.2 million from $2.6 million, primarily due to reduced supervisory and technology expenses.
Looking ahead, Good Times Restaurants expressed cautious optimism regarding growth opportunities, emphasizing a focus on organic sales growth and careful real estate selection for new locations. The company is navigating a challenging economic environment marked by inflationary pressures on food and labor costs, which may impact future pricing strategies. The management remains committed to leveraging menu price increases to manage profitability while being mindful of consumer demand.
Overall, while Good Times Restaurants Inc. faced revenue declines and operational challenges in the latest quarter, it demonstrated improved profitability and a strategic focus on growth amidst a competitive landscape. The company continues to monitor market conditions closely as it plans for future expansion and operational adjustments.
About Good Times Restaurants Inc.
Good Times Restaurants Inc. operates two restaurant brands: Bad Daddy’s Burger Bar, a full-service gourmet burger concept, and Good Times Burgers & Frozen Custard, a quick-service drive-thru offering all-natural burgers and frozen custard. The company focuses on high-quality ingredients, customization, and guest experience across its markets in the U.S., leveraging operational excellence, brand differentiation, and disciplined growth strategies in the casual dining and fast-food segments.
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