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Good Times(GTIM) - 2019 Q4 - Earnings Call Transcript
2019-12-12 23:22
Good Times Restaurants Inc. (NASDAQ:GTIM) Q4 2019 Earnings Conference Call December 12, 2019 5:00 PM ET Company Participants Ryan Zink - Chief Financial Officer Conference Call Participants Sean Cuskley - Stephens Stephen Anderson - Maxim Group Operator Good afternoon ladies and gentlemen. Welcome to the Good Times Restaurants Inc. Fiscal 2019 Fourth Quarter Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask qu ...
Good Times(GTIM) - 2019 Q3 - Earnings Call Transcript
2019-08-10 18:50
Good Times Restaurants Inc. (NASDAQ:GTIM) Q3 2019 Earnings Conference Call August 8, 2019 5:00 PM ET Company Participants Boyd Hoback - President and Chief Executive Officer Ryan Zink - Chief Financial Officer Conference Call Participants Niall Pratt - Stephens Incorporated Stephen Anderson - Maxim Group Operator Good afternoon, ladies and gentlemen. Welcome to the Good Times Restaurants Incorporated Fiscal 2019 Third Quarter Earnings Call. By now, everyone should have access to the company's first quarter ...
Good Times(GTIM) - 2019 Q3 - Quarterly Report
2019-08-09 17:01
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 25, 2019 OR o 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) (I.R.S. Employer Ide ...
Good Times(GTIM) - 2019 Q2 - Earnings Call Transcript
2019-05-11 18:37
Financial Data and Key Metrics Changes - Total revenue grew by 15% in Q2 2019, with Bad Daddy's comp restaurant sales increasing by 1.3% despite losing 12 operating days due to adverse weather events [8][10] - Good Times experienced a 7.1% decrease in comp restaurant sales, adjusted to a 5.9% decline when accounting for lost operating days [8][10] - The net loss for the quarter was $450,000, slightly widening from a net loss of $431,000 in the previous year [40] Business Line Data and Key Metrics Changes - Bad Daddy's restaurant sales increased by 27.8% to $20.4 million, attributed to 105 more store weeks compared to the previous year [26] - Good Times restaurant sales decreased by approximately $800,000 to $6.6 million, driven by a decline in same-store sales and one fewer opened restaurant [34] - Restaurant level operating profit for Good Times decreased to $509,000, with a margin decline to 7.7% due to higher labor costs and lower sales [38] Market Data and Key Metrics Changes - Off-premise sales at Bad Daddy's averaged over 10% of total sales, with some stores exceeding 20% [13] - Average weekly sales for Bad Daddy's during the quarter were $47,600, compared to $49,300 in the previous year [15] - Labor costs at Good Times were reported at 39.0%, influenced by an average wage increase of approximately 11.6% [37] Company Strategy and Development Direction - The company plans to open three additional Bad Daddy's locations in summer 2019 and one more in early fiscal 2020, focusing on growth in existing and new markets [18] - The strategy includes refining site selection for new locations to target destination-oriented sites with strong daytime employment [19] - The company is implementing technology to improve operational efficiency and address labor pressures [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to positive same-store sales for Good Times, anticipating a recovery in sales trends [47] - The company expects to maintain positive comp sales for both brands for the remainder of the year [10] - Management highlighted the importance of menu innovation and cost management to improve margins and sales performance [21][22] Other Important Information - The company reiterated its revenue guidance for fiscal 2019, projecting revenues between $112 million and $114 million [41] - Adjusted EBITDA for Q2 2019 decreased slightly to $1.147 million [41] - The company finished the quarter with $3.4 million in cash and $12 million drawn against its debt facility [44] Q&A Session Summary Question: Sales trends for Bad Daddy's in the current quarter - Management indicated that sales trends for Bad Daddy's have flattened out but expect to maintain the same trend as in Q2 [51] Question: Development acceleration and CapEx for 2020 - Management anticipates development in 2020 will be more than in fiscal 2019, likely between the previous year's nine openings and this year's five [53] Question: Pricing strategies for Bad Daddy's - Bad Daddy's had approximately 1.7% price increase in Q2, with an additional 0.8% expected in the coming quarter [56][57]
Good Times(GTIM) - 2019 Q2 - Quarterly Report
2019-05-10 15:47
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 26, 2019 OR o 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) (I.R.S. Employer Id ...
Good Times(GTIM) - 2019 Q1 - Earnings Call Transcript
2019-02-08 19:12
Good Times Restaurants Inc. (NASDAQ:GTIM) Q1 2019 Results Earnings Conference Call February 7, 2019 5:00 PM ET Company Participants Boyd Hoback - Chief Executive Officer Ryan Zink - Chief Financial Officer Conference Call Participants Will Slabaugh - Stephens Inc. Jeremy Hamblin - Dougherty & Company Steven Anderson - Maxim Group Operator Good afternoon ladies and gentlemen. And welcome to the Good Times Restaurants, Inc. Fiscal 2019 First Quarter Earnings Call. By now, everyone should have access to the C ...
Good Times(GTIM) - 2019 Q1 - Quarterly Report
2019-02-08 16:22
☐ 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) 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 25, 2018 OR NEVADA 84-1133368 (State or Other Jurisdiction of Incorporation or Organization) 141 UNION BLVD, SU ...