Good Times Sales Accelerate

  Good Times Sales Accelerate

          July Same Store Sales +13.7%, Two Year Increase of +32.1%

                Announces New Hatch Valley Green Chile Tortas

Business Wire

(GOLDEN, Colo. -- August 1, 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 a licensee of Bad Daddy’s Burger Bar, a
full-service, upscale concept today announced that its same store sales
increased 13.7% in July 2014 over the prior year’s increase of 18.4%,
representing a two year increase of 32.1%, the tenth consecutive month of
two-year same store increases over 20% and an acceleration of the recent
27-28% two year sales increases.

Boyd Hoback, President & CEO said, “The two-year increase of 32.1% in our same
store sales is a testament to the multi-layered drivers to our growth in both
transactions and average check per customer that include product innovation
and refinement in every menu category, a creative marketing umbrella that is
telling a compelling brand story, excellent execution by our operations team
and reinvestment in our facilities through our remodeling and reimaging
program. Last year’s growth was primarily in transaction growth and this year
we are seeing a combination of growth in transactions as well as average check
as a result of price increases and menu mix shift. Our sales growth is
translating into a dramatic increase in our operating margins for Good Times
and in our growth in profitability.”

The Company also said it rolled out a new Hatch Valley Green Chile menu the
last week of July that includes authentic Green Chile Chicken, Burger and
Chorizo Tortas. Hoback added, “This introduction is further support to our
brand position of offering authentic regional ingredients in handcrafted menu
items that are unique to Good Times. We believe we have some of the best green
chile available in Colorado and our success with Green Chile Cheese Fries and
our Breakfast Burritos is a natural opportunity to extend the offerings. The
addition of a Chorizo sandwich to the mix takes the taste profile to a whole
new level.”

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 36 restaurants.

GTIM owns and operates Bad Daddy’s Burger Bar restaurants as a licensee
through its wholly owned subsidiary, BD of Colorado LLC and plans to 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
Mike Porter, Porter, LeVay & Rose, 212-564-4700
 
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