News

Good Times' operating profit up nearly 40%

August 7, 2014

Colorado-based Good Times Restaurants Inc., parent company of Good Times Burger & Frozen Custard and Bad Daddy's Burger Bar, reported its results for Q3, which include:

• Same-store sales for company-owned Good Times restaurants increased 12.5 percent for the quarter on top of last year's increase of 15.2 percent, which was the 16th consecutive quarter of increasing same-store sales;
• Restaurant Level Operating Profit for Good Times restaurants increased 37 percent, or $380,000 over last year during the quarter;
• The restaurant-level operating margin for Good Times restaurants increased by 380 basis points to 19.7 percent from 15.9 percent last year during the quarter.

"Continuing our trend at Good Times, our sales gains continue to leverage our fixed and semi-fixed operating costs, translating into large increases in our restaurant profitability. While we have certain commodity cost pressures in beef, bacon and dairy, we've been able to maintain our gross profit margin through price increases and menu engineering,' CEO Boyd Hoback said in a news release.