Good Times Reports January Same Store Sales +14%

  Good Times Reports January Same Store Sales +14%

                       2-Year Trend Continues Over +20%

Business Wire

GOLDEN, Colo. -- February 3, 2014

Good Times Restaurants Inc. (Nasdaq:GTIM), operator of Good Times Burgers &
Frozen Custard, a regional quick service restaurant chain focused on fresh,
high quality, all natural products and of Bad Daddy’s Burger Bar, a full
service, upscale concept today announced its same store sales for January 2014
increased 14.1% over the prior year, which had increased 10.2% from January
2012. The company reported that the 24.3% increase over the past two years is
the fourth consecutive month of two-year same store increases over 20%.

“The good news is that there is no new news but simply a continuation of our
core sales trends,” said Boyd Hoback, President and CEO. “We’ve clearly
reached a new base level of sales, even as we comp over larger increases last
year and our core brand communications combined with meaningful product
messages are working well. We begin to compare to last year’s larger double
digit gains in April and maintaining such high growth rates becomes
arithmetically more challenging. However, we anticipate that we’ll be able to
maintain our positive momentum and comp sales trends driven by additional
product focus in each of our menu categories of fresh, all natural burgers and
chicken, fresh frozen custard and a renewed promotion of Hatch Valley New
Mexico breakfast burritos.”

Hoback continued, “Given these solid sales figures for January, our dramatic
improvement in profitability we reported in our first quarter, the opening of
our first Colorado Bad Daddy’s Burger Bar on February 3 and the anticipated
signing of our first multi-unit franchisee for Bad Daddy’s, I believe this
quarter will be pivotal in our continued growth and development.”

About Good Times Restaurants Inc.

Good Times Restaurants Inc. (GTIM) operates Good Times Burgers & Frozen
Custard, a regional chain of quick service restaurants located primarily in
Colorado, in its wholly owned subsidiary, Good Times Drive Thru Inc. Good
Times provides 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 37
restaurants.

GTIM will also own and operate Bad Daddy’s Burger Bar restaurants through its
wholly owned subsidiary, BD of Colorado LLC and will franchise Bad Daddy’s
Burger Bar restaurants through its 48% ownership of Bad Daddy’s Franchise
Development LLC. 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 atmosphere that
appeals to a broad consumer base.

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 the Company’s 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, 2013 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 Contacts:
Boyd E. Hoback, 303-384-1411
President and CEO
or
Christi Pennington, 303-384-1440
or
Gary Heller, 914-813-8547
or
Porter, LeVay & Rose
Mike Porter, 212-546-4700
 
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