Good Times Restaurants has reported a slight increase in sales for its Good Times brand but a decline for the Bad Daddy’s chain during the second quarter.
For the three months ended March 26, same-store sales edged up 0.9 per cent for Good Times and decreased 3.2 per cent for Bad Daddy’s compared to the prior-year period. The average weekly sales of Good Times and Bad Daddy’s restaurants were $27,133 and $50,880, respectively.
Ryan Zink, president and CEO of Good Times Restaurants, said the namesake brand recorded growth despite significantly unfavorable weather during the quarter. The results of Bad Daddy’s were also encouraging as the decline was nearly half of that in the first fiscal quarter.
The company also noticed an improving trend throughout the quarter, with a particularly strong March, Zink continued.
“I believe that the top-line results this quarter demonstrate the success of our strategies at both concepts, including meaningful capital investments at Good Times to freshen and modernize that brand, and the operational changes at Bad Daddy’s driving a greater ownership mindset and ultimately improved hospitality and guest experience,” he concluded.
Good Times Restaurants owns, operates, and licenses 41 Bad Daddy’s Burger Bar restaurants through its wholly owned subsidiaries and owns, operates and franchises 31 Good Times Burgers & Frozen Custard restaurants, primarily in Colorado.
