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 June 29, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-18590 (Exact Name of Registrant as Specified in Its Charter) 651 CORPORATE CIRCLE, SUITE 200, GOLDEN, CO 80401 (Address of Principal Executive Offices, Including Zi ...

Financial Data and Key Metrics Changes - The net income to common shareholders for the quarter was $1.1 million or $0.09 per share, compared to a loss of $14.9 million or $1.19 per share in the same quarter last year [20] - Adjusted EBITDA for the quarter was $2.3 million, up from $0.8 million in the second quarter of 2020 [20] - General and administrative expenses were $2.4 million, representing an increase of $0.8 million compared to the prior year quarter [19] Business Line Data and Key Metrics Changes - At Bad Daddy's, restaurant sales during the quarter were $21 million, an increase from $19.3 million in the previous year [12] - Same store sales at Bad Daddy's increased by 9.1% during the quarter [13] - Restaurant sales at Good Times were $8.0 million, an increase of $1.3 million, driven by a strong 22.9% same store sales increase [16] Market Data and Key Metrics Changes - Bad Daddy's sales approached 2019 average weekly sales, being approximately 7% below 2019 levels in March, with sales exceeding 2019 levels in May [6] - Good Times has seen a preference for drive-thru service, which has contributed to capturing new long-term customers [16] Company Strategy and Development Direction - The company plans to finance future development primarily from cash flow generated by the business and expects to open two new Bad Daddy's restaurants this year [22] - The company aims to continue improving customer experience and operational efficiency, focusing on speed, accuracy, and consistent execution [6][8] Management's Comments on Operating Environment and Future Outlook - Management noted that the labor market has become very tight, leading to potential margin compression as they adjust pay to remain competitive [11] - The company did not provide specific guidance for the balance of the year due to ongoing uncertainty related to the COVID-19 pandemic [23] Other Important Information - The company finished the quarter with $11.2 million in cash and $3.5 million outstanding on its credit facility [21] - The company applied for forgiveness on Paycheck Protection Program loans on April 30, 2021 [21] Q&A Session Summary - There were no questions during the Q&A session [26]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-18590 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) 651 CORPORATE CIRCLE, SUITE 200, GOLDEN ...

Financial Performance - Net revenues for the quarter ended December 29, 2020 decreased by $3,518,000 or 11.4% to $27,296,000 from $30,814,000 for the quarter ended December 31, 2019[93]. - Net income for the quarter ended December 29, 2020 was $1,165,000, a significant improvement from a net loss of $599,000 in the same quarter of the previous year[127]. - Adjusted EBITDA for the quarter ended December 29, 2020 was $1,793,000, compared to $1,514,000 for the quarter ended December 31, 2019[135]. Sales Performance - Bad Daddy's restaurant sales decreased by $4,122,000 to $18,691,000 for the quarter ended December 29, 2020, primarily due to COVID-19 related dining room closures and reduced capacity[94]. - Good Times restaurant sales increased by $610,000 to $8,390,000 for the quarter ended December 29, 2020, driven by improved customer traffic and a 4.5% average menu price increase[96]. - Bad Daddy's same store restaurant sales decreased by 11.8% during the quarter ended December 29, 2020, while Good Times same store restaurant sales increased by 22.1%[98][99]. Cost Management - Food and packaging costs for the quarter ended December 29, 2020 decreased to $7,841,000, representing 29.0% of restaurant sales, down from 30.4% in the prior year[100]. - Payroll and other employee benefit costs decreased to $8,881,000 (32.8% of restaurant sales) from $11,979,000 (39.2% of restaurant sales) for the same prior-year period[103]. - Other operating costs increased by $467,000 to $3,469,000 (12.8% of restaurant sales) compared to $3,002,000 (9.8% of restaurant sales) in the prior year[109]. Restaurant Operations - The company expects to open two Bad Daddy's restaurants during fiscal 2021, indicating a focus on targeted unit growth[89]. - As of December 29, 2020, the company operated a total of 39 Bad Daddy's restaurants and 32 Good Times restaurants[90]. - Preopening costs for the quarter ended December 29, 2020 were $39,000, significantly lower than $802,000 for the quarter ended December 31, 2019, primarily related to Bad Daddy's restaurants[112]. Advertising and Marketing - Bad Daddy's advertising costs were $168,000 (0.9% of total revenue) for the quarter ended December 29, 2020, down from $235,000 (1.0% of total revenue) in the same prior year period[119]. - Good Times advertising costs increased to $341,000 (4.0% of total revenue) for the quarter ended December 29, 2020, compared to $311,000 (3.9% of total revenue) in the prior year[121]. Financial Obligations and Liabilities - As of December 29, 2020, the company had a working capital deficit of $6,135,000, with total commitments outstanding of $353,000 related to construction contracts for Bad Daddy's restaurants[137]. - The Company maintains a Cadence Credit Facility with a loan commitment of up to $17,000,000, which was reduced to $11,000,000 as of January 8, 2021, with a maturity date extended to January 31, 2023[138]. - The Company entered into unsecured loans under the Paycheck Protection Program totaling $11,645,000, with an interest rate of 1.00% per annum, and expects to apply for forgiveness during 2021[143][144]. Cash Flow - Net cash provided by operating activities for the quarter ended December 29, 2020 was $847,000, resulting from a net income of $1,165,000 and cash reconciling items totaling $318,000[146]. - Net cash used in investing activities for the quarter ended December 29, 2020 was $480,000, primarily reflecting purchases of property and equipment[148]. - Net cash used in financing activities for the quarter ended December 29, 2020 was $1,806,000, including principal payments on notes payable and long-term debt of $1,500,000[148]. Compliance and Contingencies - The Company remains contingently liable on various leases underlying restaurants sold to franchisees, with no current defaults reported[150]. - The Company was in compliance with all covenants under the Cadence Credit Facility as of December 29, 2020, including a maximum leverage ratio of 5.35:1[140]. - The Company has not yet received a decision from the SBA regarding the forgiveness of its PPP loans, which could impact future cash flows[145].

Good Times Restaurants Inc. (NASDAQ:GTIM) Q1 2021 Earnings Conference Call February 4, 2021 5:00 PM ET Company Participants Ryan Zink - Chief Executive Officer and Chief Financial Officer Conference Call Participants Roger Lipton - Lipton Financial Operator Good afternoon, ladies and gentlemen and welcome to the Good Times Restaurants Inc. Fiscal 2021 First Quarter Earnings Call. By now, everyone should have access to the company’s earnings release, which is available in the Investors section of the company ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 29, 2020 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 organization) | | ( ...

Good Times Restaurants Inc. (NASDAQ:GTIM) Q4 2020 Earnings Conference Call December 15, 2020 5:00 PM ET Company Participants Ryan Zink - Chief Executive Officer Conference Call Participants Walter Morris - Baraboo Growth LLC Operator Good afternoon, ladies and gentlemen. Welcome to the Good Times Restaurants Inc. Fiscal 2020 Fourth Quarter Earnings Call. By now, everyone should have access to the company’s earnings release, which is available in the Investors section of the company’s website. As a reminder ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-18590 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) 141 UNION BLVD, SUITE 400, LAKEWOOD, CO ...

Good Times Restaurants Inc. (NASDAQ:GTIM) Q3 2020 Earnings Conference Call August 13, 2020 5:00 PM ET Company Participants Ryan Zink - Acting Chief Executive Officer, Good Times Restaurants Inc.; Manager, Bad Daddy's International, LLC Operator Good afternoon, ladies and gentlemen. Welcome to the Good Times Restaurants Inc. Fiscal 2020 Third Quarter Earnings Call. By now, everyone should have access to the company’s earnings release, which is available in the Investors section of the company’s website. As a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-18590 (Exact Name of Registrant as Specified in Its Charter) NEVADA 84-1133368 (State or Other Jurisdiction of Incorporation or Organization) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 (I.R.S. Employer Iden ...