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Good Times Restaurants Inc. (GTIM)
NASDAQ:GTIM
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 12, 2024
|% Change Since: -7.04%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with strong performance and growth in the Bad Daddy's brand, including record revenues and successful menu innovations, contrasted by challenges faced by the Good Times brand, such as negative same-store sales and increased costs. The sentiment is balanced with positive initiatives underway but acknowledged challenges that need addressing.Company Guidance
During the Good Times Restaurants Inc. fiscal fourth quarter earnings call for 2024, several key metrics and strategic initiatives were discussed. Total revenues for the quarter increased by 4.3% to $35.8 million, with a full-year revenue rise of 3% to $142.3 million, setting a new all-time record for the company. Bad Daddy's reported a 3.2% increase in same-store sales for the quarter, while Good Times experienced a slight decline of 0.1%. Restaurant-level operating profit for Bad Daddy's improved to 13.6% of sales, attributed to reduced labor costs and effective menu pricing strategies. In contrast, Good Times saw a decrease in operating profit to 12.2% of sales due to increased costs. Adjusted EBITDA stood at $1.3 million for the quarter. The company also highlighted operational improvements and innovative menu offerings, such as the introduction of the Smash Patty burger, which significantly impacted sales mix and margins. Additionally, the company announced an expansion of its share repurchase program by an additional $2 million, reflecting ongoing confidence in its strategic direction amid a challenging competitive environment.Record Total Revenues
Total revenues increased approximately 4.3% for the quarter to $35.8 million and increased approximately 3% compared to fiscal 2023 to $142.3 million, marking a new all-time record for the company.
Bad Daddy's Same-Store Sales Growth
Bad Daddy's achieved a 3.2% increase in same-store sales for the quarter, with 38 Bad Daddy's in the comp base at quarter end.
Successful Menu Innovations
The introduction of Smash Patty burgers and seasonal promotional items like the Bratwurst burger and Roast Beef Burger led to strong sales and high customer demand.
Improved Operating Profit at Bad Daddy's
Bad Daddy's restaurant-level operating profit increased to approximately $3.5 million for the quarter, or 13.6% of sales compared to $2.6 million or 10.6% last year.
Share Repurchase Program Expansion
An expansion of the share repurchase program was announced, providing an additional $2 million of authorized share repurchases.
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GTIM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GTIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 12, 2024 | $2.70 | $2.65 | -1.85% |
| Aug 01, 2024 | $2.63 | $2.51 | -4.56% |
| May 02, 2024 | $2.68 | $2.68 | 0.00% |
| Jan 31, 2024 | $2.47 | $2.44 | -1.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Good Times Restaurants Inc. (GTIM) report earnings?
Good Times Restaurants Inc. (GTIM) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Good Times Restaurants Inc. (GTIM) earnings time?
Good Times Restaurants Inc. (GTIM) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GTIM EPS forecast?
Currently, no data Available
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