Good Times Reports 16% Increase in May Same Store Sales

  Good Times Reports 16% Increase in May Same Store Sales

Business Wire

GOLDEN, Colo. -- June 3, 2013

Good Times Restaurants Inc. (Nasdaq: GTIM) today announced its same store
sales increased 16% in May, in addition to an increase of 5% in May of last
year. This follows April’s 11.4% reported same store sales increase.

Commenting on the Company’s extraordinary sales increases, Boyd Hoback,
President & CEO, said, “While we have been expecting sales increases from our
new breakfast daypart and our rollout of All Natural Hand-Breaded Chicken
Tenders, we have been pleasantly surprised at how robust the increase in our
customer transactions has been. The synergy of our return to television
advertising with a new creative platform, the continued refinement of our
brand position with the rollout of unique products, limited reimaging of our
older stores and execution to high standards by our operations team is clearly
having an impact on our customers. We have almost doubled our chicken
category’s sales mix which bodes well for our cost of sales given the
tightening beef market and we have other innovative product introductions
planned for the balance of the year.”

The Company also reported that it expects to begin to build new Good Times
restaurants again in the Colorado market in addition to gearing up for
expansion of the Bad Daddy’s Burger Bar concept. Hoback added, “We are in the
process of implementing operating and training systems in the Bad Daddy’s
concept and are putting new sites into the pipeline for its growth. While
we’ve sold a few Good Times restaurants over the last couple of years that are
in trade areas that no longer fit our customer profile, our sales and profit
growth allow us to jump start development of new Good Times Burgers & Frozen
Custard sites in Colorado in addition to accelerating our reimaging of older
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,
fresh cut fries and other unique offerings. Good Times currently operates and
franchises 39 restaurants.

Bad Daddy’s Burger Bar is a full-service, upscale, “small box” restaurant
concept operating mostly in inline locations featuring a chef-driven menu of
gourmet signature burgers, chopped salads, appetizers and sandwiches with a
full bar and a focus on a selection of craft microbrew beers in a high energy
atmosphere that appeals to a broad consumer base. The Company has certain
development rights for the Bad Daddy’s concept and owns 48% of Bad Daddy’s
Franchise Development LLC.

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, 2012
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.
Boyd E. Hoback, 303-384-1411
President and CEO
or
Christi Pennington, 303-384-1440
Executive Assistant
 
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