Good Times Reports February Same Store Sales +20%

  Good Times Reports February Same Store Sales +20%

                            2 Year Trend Over +27%

          Announces New All Natural Meyer Ranch Beef Television Ads

Business Wire

GOLDEN, Colo. -- March 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 February
2014 increased 19.9% over the prior year, which had increased 7.5% from
February 2012. The company reported that the 27.4% increase over the past two
years is the fifth consecutive month of two-year same store increases over
20%.

“Despite record cold during the first part of the month, we were able to
resume and even accelerate our double digit sales increases thereafter,” said
Boyd Hoback, President and CEO. “Following the successful television
advertising campaign for Springer Mountain All Natural Chicken Tenders and
Hatch Valley New Mexico Green Chile, on February 24 we introduced a new
television ad for our Meyer Ranch All Natural Angus Beef that has no steroids,
added hormones, antibiotics and is humanely raised. The ads will feature a
limited time `Fresh Cracked Bacon & Egg Cheeseburger' and will continue our
illustrated, handcrafted brand format utilizing animated, hand drawn graphics
telling our 100% All Natural story and the lengths that we go to in order to
find the best ingredients for our products.”

The Company reported that it will begin to lap higher prior year double digit
same store sales increases in April through September of this year and
anticipates that the pace of its sales growth will begin to moderate somewhat
as it compares to those 11% to 19% sales increases. Hoback continued, “If we
continue our recent sales trends, our two year sales trend still puts us on
pace to exceed those large, double digit prior year increases. We continue to
see significant improvement in our restaurant operating margin as a result and
believe that we will more than double our operating cash flow from Good Times
Drive Thru Inc. this fiscal year over last year while we prepare for
additional development of our Bad Daddy’s Burger Bar stores in our wholly
owned subsidiary, BD of Colorado LLC, and the development of franchised Bad
Daddy’s Burger Bar restaurants. In addition, we hope to have new Good Times
restaurants under development this year in Colorado for the first time in over
five years.”

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 owns and operates 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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