Good Times Restaurants Reports Q4 Same Store Sales Increased 2.4% For Its Good Times Brand And Decreased 4.9% For Its Bad Daddy's Brand
Portfolio Pulse from Happy Mohamed
Good Times Restaurants Inc. (NASDAQ:GTIM) reported Q4 same store sales increased by 2.4% for its Good Times brand and decreased by 4.9% for its Bad Daddy's brand. For the fiscal year, same store sales increased by 3.7% and 0.1% for its Good Times and Bad Daddy's brands, respectively. The company also reported strong sales results at its new Bad Daddy's in Madison, Alabama, with average weekly sales trending 50% higher than the overall system average.
October 19, 2023 | 8:09 pm
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Good Times Restaurants reported mixed Q4 results with an increase in same store sales for its Good Times brand and a decrease for its Bad Daddy's brand. However, the new Bad Daddy's location in Alabama is showing strong sales.
The mixed results with an increase in sales for one brand and a decrease for the other could lead to a neutral short term impact on the stock. However, the strong sales at the new location could potentially offset the decrease in sales at the Bad Daddy's brand.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100