July 5, 2011
Colorado-based Good Times Restaurants Inc. today announced its 11th consecutive month of same-store sales increases, with June sales increasing 5.1 percent from the prior year. Its same-store sales for the Q3'11 are up 6.1 percent.
Year-to-date for the first nine months of the fiscal year same-store sales have increased 8.3 percent.
"While there has been some rising of the tide from the macro-economic environment, we continue to see good results from our promotional and product strategy, with the focus on fresh, handcrafted food and products available only at Good Times. This has favorably impacted our average check per transaction and helped to mitigate some of the commodity cost increases and margin loss," said Boyd Hoback, president & CEO.
The company will rollout new menu boards in all its restaurants in the next few months and has several new products and menu reformulations in development.
"We are excited about several permanent and limited time offer products that we plan to bring to market during the several months, along with the re-engineering of a few current products to improve quality and our overall food cost margin," said Hoback.