Good Times Reports No Damage to Restaurants Due to Flooding in Colorado
Only Five Business Days Lost and All Employees Safe
GOLDEN, Colo. -- September 24, 2013
Good Times Restaurants Inc. (NASDAQ:GTIM) reported today that it only lost a
total of approximately 5 ½ restaurant days of sales for its system of
restaurants and no significant damage to any of its restaurants during the
recent Colorado flooding. The Company said that despite the flooding, it
expects to remain on track to continue its consecutive string of double digit
monthly same store sales increases and its thirteenth consecutive quarter of
same store sales increases.
Boyd Hoback, President & CEO said, “As everyone knows, the flooding in
Colorado has been catastrophic. However, we are extremely thankful that we had
no loss of life or injury amongst our employees and their families nor
significant damage to any of our restaurants. While our overall sales were
down a bit during the rains, our restaurant closures were limited and were a
result of road closures around a few of our northern Colorado stores near
roads that had been washed out that had to be closed for public safety. Our
supply chain to our restaurants was uninterrupted and our normal sales trends
have resumed. We, along with everyone else in Colorado, are relieved to see
the sun shining again and are grateful for the tireless work of the all of the
first responders and the remarkable resiliency of Coloradoans.”
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 38 restaurants.
Bad Daddy’s Burger Bar is a full service, upscale, “small box” restaurant
concept 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, family friendly atmosphere. Bad
Daddy’s has received both local and national accolades for the quality and
originality of its food and was most recently named a top 25 burger in the
U.S. by USA Today.
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.
Press spacebar to pause and continue. Press esc to stop.