Financial Performance - Total revenues for the first fiscal quarter increased by 9.6% to $36.3 million compared to $33.2 million in the same quarter of fiscal 2024[11] - Net income attributable to common shareholders was $0.2 million, a significant improvement from a net loss of $0.6 million in the same quarter of the previous year[11] - Adjusted EBITDA for the quarter was $1.2 million, reflecting positive operational performance[11] - Restaurant-level operating profit for Q1 2025 was $4,130,000, up from $3,762,000 in Q1 2024, representing a 9.8% increase[21] - Adjusted EBITDA for Q1 2025 was $1,209,000, compared to $510,000 in Q1 2024, indicating a significant increase of 136.1%[22] - Net income for Q1 2025 was reported at $164,000, a turnaround from a net loss of $556,000 in Q1 2024[22] Operational Metrics - Same store sales for Bad Daddy's restaurants increased by 1.5%, while Good Times restaurants remained unchanged compared to the first quarter of fiscal 2024[11] - Bad Daddy's restaurant operating profit margin improved to 12.6% from 10.7% year-over-year, driven by better labor productivity and lower beef costs[19] - Good Times restaurant operating profit margin decreased to 8.6% from 13.5% year-over-year, primarily due to increased staffing costs[19] Revenue Sources - Franchise and other revenues increased to $368,000 in Q1 2025 from $211,000 in Q1 2024, marking a growth of 74.5%[21] Expenses - General and administrative expenses rose to $2,588,000 in Q1 2025, compared to $2,338,000 in Q1 2024, reflecting an increase of 10.7%[21] - Depreciation and amortization expenses for Q1 2025 were $1,016,000, slightly higher than $929,000 in Q1 2024[22] - Interest expense for Q1 2025 was $46,000, up from $32,000 in Q1 2024, which is a 43.8% increase[22] Future Outlook - The company plans to introduce new menu items and improvements, maintaining a strong product pipeline for both brands[6] - The second fiscal quarter has faced challenges due to unfavorable weather conditions affecting sales[5] Financial Position - Cash and cash equivalents as of December 31, 2024, were $3.0 million, down from $3.9 million at the end of the previous fiscal year[18] - Total assets increased to $89.5 million from $87.1 million as of September 24, 2024[18] Adjusted Metrics - The company emphasizes that Adjusted EBITDA is a useful measure for assessing operating performance without the impact of non-cash charges[25] - The company excludes restaurant closure costs and impairment costs from restaurant-level operating profit to better reflect ongoing operational efficiency[21] - The financial metrics presented may not be comparable to those of other companies due to variations in capital structures and accounting practices within the industry[25]

Financial Data and Key Metrics Changes - Total revenues increased approximately 4.3% for the quarter to $35.8 million and increased approximately 3% compared to fiscal 2023 to $142.3 million, marking a new all-time record for the company [31][91] - Net income to common shareholders for the quarter was $0.2 million or income of $0.02 per share versus a net loss of $0.3 million, $0.02 per share in the fourth quarter last year [52][110] - Adjusted EBITDA for the quarter was $1.3 million compared to $1.4 million for the fourth quarter of 2023 [53][111] Business Line Data and Key Metrics Changes Bad Daddy's - Total restaurant sales increased $1 million to $25.6 million for the quarter and increased $1.3 million to $103.8 million for the full year, primarily driven by additional sales from the Madison, Alabama restaurant [32][91] - Same-store sales increased 3.2% for the quarter with 38 Bad Daddy's in the comp base at quarter end [34][93] - Overall restaurant-level operating profit for Bad Daddy's was approximately $3.5 million for the quarter, or 13.6% of sales compared to $2.6 million or 10.6% last year [41][100] Good Times - Total restaurant sales for company-owned restaurants increased approximately $0.5 million to $10 million for the quarter and increased $3 million to $38 million for the year compared to the 2023 fiscal year [42][101] - Same-store sales decreased 0.1% for the quarter with 25 Good Times restaurants in the comp base at quarter end [43][102] - Good Times restaurant-level operating profit decreased by $0.3 million for the quarter to $1.2 million, with a decrease in profit margin to 12.2% due to elevated costs [49][108] Market Data and Key Metrics Changes - The company experienced negative same-store sales in the Good Times brand, attributed to intense discounting by competitors and escalating beef prices [5][16] - Labor costs for Good Times increased to 33.9%, an 80 basis point increase from the prior year quarter due to higher average wage rates [47][106] - Food and packaging costs for Good Times were 30.9% for the quarter, an increase of 40 basis points compared to last year's quarter [45][104] Company Strategy and Development Direction - The company is focusing on product improvement and innovation rather than deep discounting, with new menu items and seasonal promotions planned [20][79] - The company has remodeled one Good Times location and purchased two others, aiming to ensure operational excellence and continuity of brand presence [82][83] - Future investments will focus on remodels, signage, and opportunistic limited new unit development as franchisee consolidation is nearly complete [86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Bad Daddy's brand despite challenges faced by Good Times, emphasizing operational improvements and a focus on guest experience [5][62] - The company is monitoring competitive pricing and plans to respond rapidly based on market actions [44][102] - Management highlighted the importance of engaging with a new generation of customers through increased digital and social initiatives [29][89] Other Important Information - The company announced an expansion of its share repurchase program, providing an additional $2 million of authorized share repurchases [55][113] - The company has been experimenting with a shift in marketing spend from traditional audio-based advertising to digital initiatives [27][88] Q&A Session Summary Question: Are there any questions from the audience? - There were no questions from the audience during the Q&A session [116] Closing Remarks - Management expressed optimism about the future for both Bad Daddy's and Good Times, highlighting the importance of operational excellence and guest experience [117][119]

Financial Performance - Net revenues for fiscal 2024 increased by $4,155,000 (3.0%) to $142,315,000 from $138,160,000 in fiscal 2023[16] - Total interest expense on notes payable was $108,000 for fiscal 2024[33] - Same store sales increased by 2.9% in fiscal 2024 and 3.7% in fiscal 2023, with a compound annual growth rate of 4.4% from fiscal 2015 to 2024[47] - Good Times same store sales increased for fiscal 2024, primarily due to price increases, with a compound annual growth rate of approximately 4.4% over the past ten years[59] - Same store sales decreased by 1.2% at the Bad Daddy's brand during fiscal 2024[17] Cash and Debt Management - The company ended fiscal 2024 with $3.9 million in cash and $0.8 million in long-term debt[20] - As of September 24, 2024, the interest rate applicable to borrowings under the Cadence Credit Facility was 8.41%[29] - The Cadence Credit Facility allows for loans up to $8,000,000, maturing on April 20, 2028[27] - The company maintains approximately $7,490,000 of committed funds available under the Cadence Credit Facility, with $500,000 currently borrowed against it[31] - The company has repurchased a total of 1,670,718 shares at an aggregate cost of approximately $4,650,000 as of September 24, 2024[26] Restaurant Operations - Good Times operates 30 restaurants, having acquired one and closed one during fiscal 2024, while Bad Daddy's operates 39 locations, closing one during the same period[72] - The company operates 30 Good Times restaurants, with 28 located in Colorado[13] - The company owns and operates or licenses 40 Bad Daddy's restaurants across seven states[12] - Bad Daddy's Burger Bar offers a customizable menu with over sixty topping options for burgers and salads, enhancing customer experience[75] - Good Times Burgers & Frozen Custard focuses on fresh, all-natural ingredients, including beef from Meyer Natural Foods and chicken from Springer Mountain Farms[79] Growth Strategy - The company plans to pursue disciplined unit growth for Bad Daddy's, focusing on urban and suburban areas with median household incomes over $90,000[65] - The company aims to primarily grow the Bad Daddy's brand, focusing on contiguous expansion from existing restaurants to maximize brand awareness and operational efficiencies[56] - The company has identified potential new restaurant locations in the southeast U.S. market for Bad Daddy's, with a disciplined growth strategy[65] - Good Times does not have explicit plans for new restaurant development but may consider opportunistic growth in Colorado and surrounding states[68] Marketing and Customer Engagement - The marketing strategy for Bad Daddy's focuses on local store marketing and community events rather than traditional advertising, supplemented by social media investments[82] - Good Times focuses on driving same store sales by attracting new customers and increasing visit frequency, utilizing audio advertising and social media for brand awareness[84] - Customer feedback is gathered through various channels, including surveys and social media, to improve service execution[90] Operational Efficiency - The company aims to enhance operational capabilities while managing expenses, particularly in cost of sales and labor[62] - The company utilizes a cloud-based back-office solution for real-time sales, labor, and cash data collection, enhancing operational efficiency[99] - The company has implemented a new cloud-based point of sale system across all company-owned Good Times restaurants, with plans for Bad Daddy's in the next eighteen months[98] - The cloud-based back-office solution provides near real-time data on sales, labor, and inventory, interfacing with financial accounting systems for comprehensive reporting[99] Employee Management - As of September 24, 2024, the company had approximately 2,110 active employees, with 1,879 being hourly team members and 231 salaried managers or professional staff[102] - Managers undergo an eight-week training program and are closely supervised before managing independently, ensuring high standards in service and food preparation[91] - Good Times restaurants employ a general manager and up to four shift managers, with most management positions filled by promoting from within[88] - Bad Daddy's Burger Bar operates with a team of three to four managers per restaurant, each responsible for specific areas and participating in a bonus pool based on sales and operational objectives[86] Compliance and Regulations - The company is subject to various health, sanitation, safety, and fire regulations for its restaurants[108] - The company actively monitors franchise operations to ensure compliance with systems and procedures, advising on menu, management training, and marketing[97]

Financial Performance - Good Times Restaurants Inc. reported same store sales for the fourth fiscal quarter ended September 24, 2024[2]. - The press release regarding the financial results was issued on October 15, 2024[2]. - The report is part of the requirements under the Securities Exchange Act of 1934[5]. Company Information - The company is listed on the Nasdaq Capital Market under the symbol GTIM[2]. - Ryan M. Zink serves as the Chief Executive Officer of Good Times Restaurants Inc.[6].

Financial Data and Key Metrics Changes - Total revenues increased approximately 6.5% for the quarter to $37.9 million [17] - Net income to common shareholders for the quarter was $1.3 million or income of $0.12 per share compared to $0.8 million or $0.07 per share in the third quarter last year [22] Business Line Data and Key Metrics Changes - Bad Daddy's restaurant sales increased $1.2 million to $27.3 million for the quarter, with same-store sales increasing 1.2% [17][19] - Good Times restaurant sales increased approximately $1.1 million to $10.4 million for the quarter, with same-store sales increasing 5.8% [20][22] Market Data and Key Metrics Changes - Sales growth at Good Times was significantly weighted to dinner and late-night sales, supported by strong trends at recently purchased and remodeled restaurants [11] - The Atlanta market has shown sales recovery, although individual store performance has varied [7] Company Strategy and Development Direction - The company is focusing on enhancing guest experience and hospitality, particularly at Bad Daddy's, by investing in front-of-house labor [5] - The company is evaluating underperforming restaurants for potential closure as part of smart real estate management [9][32] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing challenges in the labor market, with increased wage pressures despite a rise in applicant quality [8] - The company expects continued pressure on food prices, particularly beef, and is considering price adjustments in the future [24] Other Important Information - The company repurchased 92,240 shares during the quarter and executed a privately negotiated purchase of approximately 171,000 shares at an average price of $2.60 per share [15] - The company completed the remodel of a Good Times restaurant in Lakewood, Colorado, resulting in a significant turnaround in sales [13] Q&A Session Summary Question: Will menu prices need to be raised due to rising beef prices? - Management indicated that while they evaluate prices based on competitor actions and customer demand for value, a price increase is not immediately planned [23][24] Question: What was the advertising expense for the quarter? - Advertising expense was 2% of revenues for the quarter, amounting to $749,000 [25][26] Question: What is the status of the development pipeline? - Management is in the final stages of negotiating a lease in the Greater Charlotte DMA, with potential openings expected in late fiscal Q2 or early Q3 of 2025 [30][31] Question: Are the lowest performing stores currently unprofitable? - Yes, some stores under consideration for closure are negative contributors to restaurant level cash flow [33]

Exhibit 99.1 FOR IMMEDIATE RELEASE August 1, 2024 Nasdaq Capital Markets - GTIM (DENVER, CO) Good Times Restaurants Inc. (Nasdaq: GTIM), operator of the Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard restaurant brands, today reported financial results for the 2024 third fiscal quarter. Key highlights of the Company's financial results include: · Total Revenues for the quarter increased 6.5% to $37.9 million compared to the third quarter of fiscal 2023 · Same Store Sales for company-owned Bad ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 26, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-18590 Good Times Restaurants Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organiz ...

Exhibit 99.1 FOR IMMEDIATE RELEASE May 2, 2024 Nasdaq Capital Markets - GTIM GOOD TIMES RESTAURANTS REPORTS RESULTS FOR THE 2024 SECOND FISCAL QUARTER ENDED MARCH 26, 2024 (DENVER, CO) Good Times Restaurants Inc. (Nasdaq: GTIM), operator of the Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard restaurant brands, today reported financial results for the 2024 second fiscal quarter. Key highlights of the Company's financial results include: Ryan M. Zink, the Company's Chief Executive Officer, said ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 26, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-18590 Good Times Restaurants Inc. (Exact Name of Registrant as Specified in Its Charter) | NEVADA | | 84-1133368 | | --- | --- | --- | | (Stat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 26, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 000-18590 (Exact name of registrant as specified in its charter) | Nevada | 84-1133368 | | --- | --- | | (State or other jurisdiction of incorporation or organizat ...