Good Times(US:GTIM)2025-12-23 23:02Financial Data and Key Metrics Changes - Total revenues decreased approximately 5.1% for the quarter to $34 million and decreased approximately 0.5% compared to the all-time record fiscal year 2024 sales of $141.6 million [11] - Net loss to common shareholders for the quarter was $3,000 or 0 cents per share versus net income of $0.2 million, 2 cents per share in the fourth quarter last year [18] - Adjusted EBITDA for the quarter was negative $74,000 compared to $1.3 million for the fourth quarter of 2024 [19] Business Line Data and Key Metrics Changes - For Bad Daddy's, total restaurant sales decreased $1.7 million to $24 million for the quarter and decreased $2.2 million to $101.4 million for the full year [11] - Same-store sales for Bad Daddy's decreased 4.6% for the quarter, with 38 locations in the comp base [11] - For Good Times, total restaurant sales decreased approximately $0.3 million to $9.7 million for the quarter and increased $1.2 million to $39.2 million for the year [15] Market Data and Key Metrics Changes - Same-store sales at Good Times decreased 6.6% for the quarter, with 27 locations in the comp base [15] - Same-store sales for Bad Daddy's improved sequentially to date in the first quarter, down approximately 1.6% through the first 11 weeks compared to the same period in the prior year [8] Company Strategy and Development Direction - The company is committed to immediate improvement in profitability and has focused on realigning general manager schedules to enhance operational efficiency [5] - The company plans to address value concerns with targeted promotions and an expanded loyalty program [8] - The introduction of a cook-to-order process aims to improve product quality while maintaining service speed [6] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment in the fourth quarter results but noted a sequential improvement in same-store sales for Good Times [4] - The company expects lower input costs in the first quarter of 2026 and anticipates improvements in food and beverage costs as a percentage of sales [13][17] - Management is optimistic about the first quarter of fiscal 2026, expecting improvements in same-store sales and Adjusted EBITDA [23] Other Important Information - Food and beverage costs for Bad Daddy's were 31.6% for the quarter, a 40 basis point increase from the prior year quarter, primarily due to high ground beef prices [12] - Labor costs increased to 35.7% for Bad Daddy's and 35.9% for Good Times, attributed to lower productivity and rising wage rates [13][17] - The company anticipates general and administrative costs to be around 6%-7% in fiscal 2026 [18] Q&A Session Summary - There were no questions during the Q&A session [21]