News

Good Times posts two-year sales increase of 32.1%

August 4, 2014

Good Times Restaurants Inc. announced a same-store sales increase of 13.7 percent in July 2014. This number laps the prior year's increase of 18.4 percent, representing a two year increase of 32.1 percent, and the 10th consecutive month of two-year same store increases over 20 percent.

In a news release, CEO Boyd Hoback said the results are driven by growth in transaction and average check from "product innovation, a creative marketing umbrella, excellent execution by our operations team and reinvestment in our facilities through our remodeling program."

"Last year's growth was primarily in transaction growth and this year we are seeing a combination of growth in transactions as well as average check as a result of price increases and menu mix shift. Our sales growth is translating into a dramatic increase in our operating margins for Good Times and in our growth in profitability," he said.

Good Times also introduced a new Hatch Valley Green Chile menu during the last week of July that includes a Green Chile Chicken, Burger and Chorizo Tortas.

"This introduction is further support to our brand position of offering authentic regional ingredients in handcrafted menu items that are unique to Good Times," Hoback said.