Good Times Restaurants Inc. announced its unaudited financial results for the first fiscal quarter ended Dec. 31, 2013.

According to a news release, highlights of the report include:

  • Same store-sales for company-owned restaurants increased 17.4 percent for the quarter, which was the 14th consecutive quarter of increasing same-store sales;
  • Restaurant-level operating profit increased 112 percent or $466,000 over last year during the quarter;
  • The restaurant level operating margin increased by 610 basis points to 14.9 percent from 8.8 percent last year during the quarter.

"We are very pleased with our continuing sales trends and the dramatic increases we've had over the last two years and we are now seeing a corresponding increase in our profitability," Boyd Hoback, president and CEO, said in the release. "We're still relatively early in our reimaging and remodeling process of older restaurants, which we believe will provide additional sales momentum this year. Our operations, marketing and product development initiatives have come together in a powerful way, heightening our competitive differences that we believe the large quick-service hamburger chains can't and won't match."

The company's first Bad Daddy's Burger Bar in Colorado is set to open Feb. 3. Another store is under development, and more leases are in negotiation.

Hoback said the company hopes to have four open in 2014 with several more committed for 2015. There are seven traditional Bad Daddy's restaurants open today in North Carolina and South Carolina with one licensed restaurant in the Charlotte, N.C., airport.

Read more about operations management.

Related Content

User Comments – Give us your opinion!
Products & Services

Presentation: Enhancing the In-Store Experience

http://global.networldalliance.com/new/images/products/enhancing_the_instore_exper.gif

3315/Presentation-Enhancing-the-In-Store-Experience

Ongoing recruiting needs- Recruiting strategy to meet continual …

http://global.networldalliance.com/new/images/products/6349.png

6349/Ongoing-recruiting-needs-Recruiting-strategy-to-meet-continual-hiring-needs

Digital Signage & Kiosk Software - Nanopoint

http://global.networldalliance.com/new/images/products/2259.png

2259/Digital-Signage-Kiosk-Software-Nanopoint

PeopleMatter HIRE™

http://global.networldalliance.com/new/images/products/4625.png

4625/PeopleMatter-HIRE

LG 32LN549E

http://global.networldalliance.com/new/images/products/6457.png

6457/LG-32LN549E

Enterprise Solutions

http://global.networldalliance.com/new/images/products/4124.png

4124/Enterprise-Solutions

DriverSafe

http://global.networldalliance.com/new/images/products/keyboard_iix.gif

1424/DriverSafe

Low Cost ATM

http://global.networldalliance.com/new/images/products/RL2000_100.gif

1019/Low-Cost-ATM

LG 32WL30MS-B

http://global.networldalliance.com/new/images/products/6455.png

6455/LG-32WL30MS-B

Digital Signage PC Solution with Maximum Flexibility

http://global.networldalliance.com/new/images/products/philipsicon.jpg

4011/Digital-Signage-PC-Solution-with-Maximum-Flexibility

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.