- WHITE PAPERS
Colorado's Good Times Restaurants Inc. announced this week that its same-store sales for January 2014 increased 14.1 percent over the prior year, which had increased 10.2 percent from January 2012.
According to a news release, the 24.3-percent increase over the past two years is the fourth consecutive month of two-year same store increases over 20 percent.
"The good news is that there is no new news but simply a continuation of our core sales trends," said Boyd Hoback, CEO. "We've clearly reached a new base level of sales, even as we comp over larger increases last year and our core brand communications combined with meaningful product messages are working well. We begin to compare to last year's larger double digit gains in April and maintaining such high growth rates becomes arithmetically more challenging."
However, he said the company anticipates the ability to maintain positive momentum and sales trends driven by more product focus in each menu category.
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Topics: Operations Management