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Good Times Restaurants Inc. Announces Continued Same Store Sales Growth and Completion of Breakfast Rollout



  Good Times Restaurants Inc. Announces Continued Same Store Sales Growth and
  Completion of Breakfast Rollout

Business Wire

GOLDEN, Colo. -- December 06, 2012

Good Times Restaurants Inc. (NASDAQ: GTIM) today announced its same store
sales increased 6.8% for the month of November. Same store sales decreased .9%
for its fourth fiscal quarter ended September 30, 2012, however road
construction materially impacted two restaurants and without those
disruptions, same stores sales would have increased 1.3% in the fourth
quarter, the ninth consecutive quarter of same store sales increases.

Commenting on the sales trends, President & CEO, Boyd Hoback said, “While our
sales increase from prior year trend softened up a bit due to tougher prior
year comps in the fourth quarter, we are very pleased with our continued
progress and are really excited about our recent results, particularly given
competitive trends in the industry.” Regarding November’s larger sales trend
increase, he added, “We completed the rollout of our new Hatch Valley Green
Chile $2 Breakfast Burritos in the month of November and sales have already
hit our initial target. We have come to market with a highly differentiated,
unique offering that is simple to execute and very labor efficient, yielding a
low breakeven point and significant upside in profitability, even at current
sales mix levels.”

The company reported that initial sales in its new breakfast daypart is
exceeding its initial target of approximately 6% of total sales mix with
several restaurants approaching 10% of sales. Mr. Hoback added, “We’ve not
seen any cannibalization of our core business with all of the breakfast sales
being incremental. We are reaching sales levels that have taken many quick
service chains months if not years to achieve and we expect it to be very
profitable for us after we get through the initial 90 day launch period.”

The Breakfast Menu consists of four green chile burritos available as Egg &
Cheese only or with Chorizo, Sausage or Bacon and also includes Daz Bog coffee
and fresh orange juice. Daz Bog is a premium Colorado coffee available in
retail stores and restaurants.

Good Times is a regional chain of quick service restaurants located primarily
in Colorado providing a menu of high quality all natural hamburgers, 100%
breast of chicken sandwiches, fresh frozen custard, fresh squeezed lemonades
and other unique offerings. Good Times currently operates and franchises 41
restaurants.

This press release contains forward looking statements within the meaning of
federal securities laws. The words “intend,” “may,” “believe,” “will,”
“should,” “anticipate,” “expect,” “seek” and similar expressions are intended
to identify forward looking statements. These statements involve known and
unknown risks, which may cause Good Times’ actual results to differ materially
from results expressed or implied by the forward looking statements. These
risks include such factors as the uncertain nature of current restaurant
development plans and the ability to implement those plans, delays in
developing and opening new restaurants because of weather, local permitting or
other reasons, increased competition, cost increases or shortages in raw food
products, and other matters discussed under the “Risk Factors” section of Good
Times’ Annual Report on Form 10-K for the fiscal year ended September 30, 2011
filed with the SEC. Although Good Times may from time to time voluntarily
update its forward looking statements, it disclaims any commitment to do so
except as required by securities laws.

Contact:

Good Times Restaurants Inc.
Investor Relations:
Boyd E. Hoback, 303-384-1411
President and CEO
or
Christi Pennington, 303-384-1440
Executive Assistant
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