GOLDEN, Colo.–(BUSINESS WIRE)– Good Times Restaurants Inc. (NASDAQ:GTIM), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced that same store sales* for its second quarter ended March 29, 2022 decreased 0.9% for its Good Times brand from the same prior year quarter and increased 15.5% for its Bad Daddy’s brand from the same prior year quarter. Average weekly sales during the 2022 second quarter among restaurants open for at least 18 months were $25,469 for the Company’s Good Times restaurants and $50,405 for the Company’s Bad Daddy’s restaurants. Additionally, during the final week of the fiscal quarter the Company completed the acquisition of a Bad Daddy’s restaurant in Greenville, South Carolina that was formerly owned by a franchisee. Following this acquisition, the Company owns and operates all of its Bad Daddy’s Burger Bar restaurants other than its licensee in the Charlotte Douglas International Airport.
Ryan Zink, President and CEO, said, “I am very excited about the purchase of the previously franchised Bad Daddy’s Burger Bar in Greenville. In addition to acquiring the restaurant itself, we have gained a talented management team that we expect will continue to operate that restaurant to our high standards of operations excellence. This acquisition expands our presence in the Greenville market to two company owned restaurants.”
Zink continued, “Every quarter our managers and team members impress me with their commitment to great food and hospitality despite the unpredictable nature of our industry. Their continued optimism and determination to meet any challenges that come their way are reflected in the continuing strength of both brands. I continue to be pleased with the sales generated by our restaurants, which is the direct result of the performance and efforts of our leaders and team members throughout the Company.”
*Same store sales include all company-owned restaurants currently open with at least 18 full fiscal periods of operating history.
