GTIM
Good Times Restaurants Inc.1.2800
-0.0200-1.54%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
13.56MP/E (TTM)
10.67Basic EPS (TTM)
0.12Dividend Yield
0%Recent Filings
8-K
Closes two Bad Daddy's sites
Good Times Restaurants secured lender consent on September 30, 2025, to close two underperforming Bad Daddy's locations in Roswell, Georgia, and Broomfield, Colorado, terminating related leases. The amendment tweaks credit terms, hiking the leverage ratio cap to 5.65:1 through March 2026 while raising interest rates to 3.25% on SOFR loans during this stretch. Closures cut drag on operations. Restricted payments remain barred until compliance by December 2026.
10-Q
Q3 FY2025 results
Good Times Restaurants posted steady Q3 results, with total revenues dipping 2.4% y/y to $37.0M amid softer traffic, yet operating income held firm at $1.2M while gross margins edged up to 30.8% from better food costs on wings and potatoes. Bad Daddy's drove most sales at $26.6M but saw a 1.4% same-store drop; Good Times added $10.4M, hit by a 9.0% same-store decline despite acquiring two units earlier. YTD through 40 weeks, revenues rose 1.0% to $107.6M, but operating income fell to $0.8M from $494K in impairments on underperforming leases. Cash sat at $3.1M with $6.0M revolver availability under the Cadence facility (7.41% rate, matures 2028), while free cash flow turned negative at $(1.7M) (derived) after $3.2M in capex and acquisitions. Stock buybacks trimmed shares by 33K. Litigation risks linger from ongoing appeals.
8-K
Q3 revenues dip, profits hold
Good Times Restaurants reported fiscal 2025 third-quarter revenues of $37.0 million, down 2.4% from last year, with same-store sales dropping 1.4% at Bad Daddy's and 9.0% at Good Times. Yet net income attributable to common shareholders rose to $1.5 million, bolstered by tight cost controls and lower general and administrative expenses. The company hired a new Senior Director of Marketing and plans a 'Colorado Native Burgers' campaign launch later this month to counter traffic declines. Sales softness persists amid inflationary pressures.
8-K
Auditor switch post-merger
Good Times Restaurants Inc. switched auditors on June 6, 2025, after Moss Adams merged with Baker Tilly US, LLP, effective June 3. The Audit Committee approved Baker Tilly as the new independent firm, with no disagreements or reportable events from the prior audits for fiscal years 2023 and 2024. Clean transition. This ensures seamless compliance amid the merger.
10-Q
Q2 FY2025 results
Good Times Restaurants posted Q2 FY2025 revenue of $34.3M, down 3.3% y/y but up 2.9% YTD to $70.6M, with Good Times brand sales climbing 4.5% y/y on recent acquisitions while Bad Daddy's dipped 6.0% y/y from traffic softness and a closure. Operating loss hit $0.5M in the quarter versus $0.6M profit y/y, pressured by $0.5M impairments on underperforming leases and assets, yet YTD loss narrowed to $0.4M from $0.3M profit amid steady cost controls. Diluted EPS fell to -$0.06 from $0.06 y/y, consistent with 10.6M shares and anti-dilutive effects in loss position. Cash dipped to $2.7M with $0.2M operating cash flow, offset by $2.3M capex and $0.5M franchise buys; $2.6M debt at 7.4% under $8M facility leaves $5.7M available, no covenant issues. Acquisitions added three Good Times units in prior periods for $0.5M net cash. Competitors' discounting erodes margins.
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