News

Good Times reports major lift in sales

January 6, 2011

Good Times Restaurants Inc. has announced results from first quarter of fiscal 2011, which included a same-store sales increase of 13.4 percent from the same period of 2009.

This is the company’s fifth consecutive month of same-store sales increases. Additionally, December 2010 was up 14.2 percent from December 2009.

Good Times president and CEO Boyd Hoback attributed the sales growth to the company’s introduction of a lower-priced Craver Combo category, two french fry alternatives – fresh cut fries and Wild Fry – fresh handspun custard shakes and the holiday LTO sweet potato waffle cut fries.

“Our focus is on rebuilding compounding sales growth as the macroeconomic environment improves,” Hoback said. “We plan to implement additional product innovations and operational initiatives for our customers that will challenge quick-service norms, invigorated with new creative execution by a new marketing team. We look forward to improved profitability and pursuing other strategic alternatives for our shareholders with the recent capital infusion from Small Island Investments Ltd.”

Good Times is a regional chain of quick service restaurants located primarily in Colorado. The chain operates and franchises 49 restaurants.