Good Times Restaurants Inc. Announces Q2 Sales Increase

  Good Times Restaurants Inc. Announces Q2 Sales Increase

Business Wire

GOLDEN, Colo. -- April 10, 2013

Good Times Restaurants Inc. (NASDAQ: GTIM) today announced its same store
sales for the second fiscal quarter increased 7% and 3.9% for the month of
March.

Commenting on the sales increases, President & CEO, Boyd Hoback said, “We are
continuing to see some acceleration in our sales from our recent menu
initiatives and operational execution and are particularly encouraged by the
fact that March comps include colder and wetter weather this year and the
calendar shift for Easter in March this year from April last year. We’ve been
able to continue our momentum in the quarter without the benefit of any
meaningful media advertising, which didn’t begin until the last week of
March.”

The Company reported that it has had 11 consecutive quarters of same store
sales increases, including a cumulative increase of 20% in the second quarter
for the last three years. Hoback added, “We hope to be able to continue our
sales growth the rest of this year as we begin our first television
advertising we’ve had in about three years and as both breakfast and our new
All Natural Hand Breaded Chicken Tenders continue to do extremely well. The
sales increases, improvement in our cash flow from operations and the recent
repayment of all of our debt allow us to look to add new sites for Good Times
in Colorado as we continue to evaluate a second concept that can provide
additional growth for the Company.”

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,
fresh cut fries and other unique offerings. Good Times currently operates and
franchises 39 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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