Good Times Restaurants Q2 revenue falls as competition intensifies

Good Times Restaurants Inc.

Good Times Restaurants Inc.

GTIM

0.00


Overview

  • U.S. restaurant operator's fiscal Q2 revenue fell 3.1% yr/yr to $33.2 mln

  • Same-store sales at both brands — Bad Daddy’s and Good Times — declined 0.8% in the quarter

  • Company cites intensified competition and cost pressures, but sequential improvement in key metrics


Outlook

  • Company did not provide specific financial guidance for the current quarter or full year


Result Drivers

  • COMPETITION AND COST PRESSURES - Co said intensified competition and cost pressures affected results in the quarter

  • SEQUENTIAL IMPROVEMENT - Management noted sequential improvement in same-store sales and adjusted EBITDA from the prior quarter


Company press release: ID:nBw8p65Zqa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$33.2 mln

Q2 Net Income

$100,000

Q2 Adjusted EBITDA

$1.4 mln


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