Good Times Restaurants witnessed higher same-store sales for Bad Daddy’s Burger Bar but lower for Good Times Burgers & Frozen Custard during the fiscal fourth quarter of FY23.
The restaurant operator saw Bad Daddy’s Burger Bar’s same-store sales rise 2.4 per cent in the three months to September 26, 2023. However, Good Times Burgers & Frozen Custard’s same-store sales declined 4.9 per cent.
For the full FY23, same-store sales for Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard rose 0.1 per cent and 3.7 per cent, respectively.
“Our Good Times brand continues to perform well in this increasingly challenging consumer environment,’ said Ryan Zink, president and CEO at Good Times Restaurants.
“The investments we have made in this brand, through digital menu boards, signs and imaging, and our mobile app, in concert with the increased focus on friendliness and hospitality in our drive-thrus have enabled Good Times to continue its streak of positive same-sales performance.”
Good Times Restaurants added that the average weekly sales of its Bad Daddy’s in Madison, Alabama, which opened in August, are trending 50 per cent higher than its overall system average.
“Bad Daddy’s saw worsening declines throughout the quarter as we experienced broad-based reductions in traffic and increased check management activity by our guests,” said Zink.
“Our management team is fiercely focused on delivering value, consistent with our brand position, in a market that has seen increasing discounting activity to drive a turnaround in sales and traffic.”