Good Times Restaurants ( (GTIM) ) has released its Q4 earnings. Here is a breakdown of the information Good Times Restaurants presented to its investors.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Good Times Restaurants Inc. operates a chain of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, focusing on high-quality gourmet offerings in the restaurant sector, with a unique emphasis on all-natural ingredients and a lively dining atmosphere.
In its latest earnings report for the fiscal year ending September 24, 2024, Good Times Restaurants Inc. announced a modest revenue increase of 3.0%, reaching $142.3 million, despite challenges in the quick-service industry and competitive discounting.
Key financial highlights include a $1.6 million net income attributable to common shareholders for the year, with Bad Daddy’s Burger Bar experiencing a positive turnaround in same-store sales, up 3.2% in the fourth quarter, though Good Times Burgers & Frozen Custard saw a slight decline in the same metric for the quarter. The company also expanded its share repurchase program by $2 million, now totaling $7 million, demonstrating a commitment to enhancing shareholder value.
Looking ahead, the company plans to continue its strategic back-to-basics approach, focusing on operational excellence and brand evolution, with a confidence expressed in its remodeling initiatives and enhanced customer experience strategies. Good Times Restaurants remains optimistic about navigating future challenges and capitalizing on growth opportunities in the competitive restaurant market.
