Good Times’ Double Digit Sales Growth Continues
GOLDEN, Colo. -- August 2, 2013
Good Times Restaurants Inc. (Nasdaq: GTIM) today announced its same store
sales increased 17.9% for the month of July, its fourth consecutive month of
double digit increases.
Commenting on the Company’s continued sales increases, Boyd Hoback, President
& CEO said, “Our goal is to continue to compound our year-over-year sales
increases at Good Times and optimize the profit flow-through on those
incremental sales as we ramp up for additional new unit growth in
Company-owned and franchised restaurants in the Bad Daddy’s Burger Bar
concept. Our Good Times’ brand initiatives run deep and are clearly working.
We are early on in telling our brand story through the new television campaign
and very early on in our reimaging of older restaurants, which we believe
bodes well for continued momentum in our top line. Given our sales trend over
the first ten months of this year, it appears we have established a
significantly higher base of sales that is being brand driven rather than
About Good Times Restaurants Inc.
Good Times Restaurants Inc. (GTIM) is a regional chain of quick service
restaurants located primarily in Colorado providing a menu of high quality all
natural hamburgers, 100% all natural chicken tenderloins, fresh frozen
custard, fresh cut fries, fresh lemonades and other unique offerings. Good
Times currently operates and franchises 39 restaurants.
Good Times Forward Looking Statements
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.
Good Times Restaurants Inc.
Investor Relations Contacts:
Boyd E. Hoback, 303-384-1411
President and CEO
Christi Pennington, 303-384-1440
Booke & Co.
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