News

Good Times gets a sales lift despite inclement weather

May 3, 2013

Good Times Restaurants Inc. announced its same-store sales increased 11.4 percent in April, despite a record snowfall for the month in Colorado. Boulder, Colo., received 50 inches of snow during the month, compared to the average for April of 11 inches.

"We are definitely seeing some acceleration in our sales trend as we had the highest volume week in the past year in April and we managed double-digit increases with several very heavy snowstorms during the month," said Boyd Hoback, president and CEO.

He added that the chain's breakfast sales are strong and its chicken sales have nearly doubled.

"The increases are coming in both transactions and some increase in our overall average check, excluding breakfast, which we anticipate will begin to flow to our bottom line as we've decreased our introductory discounting and have our new television campaign on air through the balance of the fiscal year," Hoback said.

The company also reported that it has purchased another restaurant from a franchisee as of May 1.

"The purchase is an opportunity for us to acquire an older restaurant at an attractive price, accelerate our reimaging and remodeling program to improve the overall consistency of our brand image in the Colorado market and capture what we anticipate will be increased sales and accretive cash flow," Hoback said.

This marks the second franchised restaurant Good Times has purchased in the last six months.

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