Good Times Restaurants Earnings Call Transcripts
Fiscal Year 2026
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Same-store sales returned to positive growth, driven by a successful $2 Bambinos promotion, while overall revenues reached $35.2 million and net income rose to $1.9 million. Bad Daddy's saw weaker sales but steady margins, and the company ended the quarter with strong cash and minimal debt.
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Second quarter revenue declined 3.1% year-over-year, but profitability improved with higher adjusted EBITDA and a return to net income. Cost controls, new value-focused promotions, and loyalty program growth supported results, while risks remain from inflation, supply chain, and competition.
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Quarterly revenues fell 10% year-over-year due to a shorter quarter and closures, but net income and adjusted EBITDA held steady. Both brands saw sequential improvement in same-store sales, with cost controls boosting margins. Cash priorities are debt reduction, reserves, and selective growth.
Fiscal Year 2025
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Fourth quarter saw a 5.1% revenue decline and negative Adjusted EBITDA, driven by soft sales and record input costs. Both segments faced higher labor and food costs, but early Q1 2026 shows improving same-store sales and margin outlook.
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Third quarter saw mixed results: Bad Daddy's improved sequentially, while Good Times declined. Net income rose to $1.5M, but both brands face rising input costs and are focusing on cash accumulation, limited CAPEX, and selective share repurchases.
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Second quarter saw same-store sales declines and margin pressures at both brands, with net loss of $0.6M and adjusted EBITDA down to $1M. Leadership changes, product innovation, and a marketing shift aim to address ongoing challenges and drive long-term growth.
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Bad Daddy's posted higher sales and margins, while Good Times faced cost pressures and flat comps. Severe January weather hurt both brands' early Q2 sales, and rising labor and commodity costs are expected to persist. Net income improved to $0.2 million from a loss last year.
Fiscal Year 2024
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Record annual revenues were achieved, with Bad Daddy's showing strong same-store sales and margin gains, while Good Times faced margin pressure from competitive discounting and higher costs. Share repurchases and remodel investments continued, with a focus on operational excellence and digital marketing.
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Revenue grew 6.5% year-over-year to $37.9M, with same-store sales up 5.8% at Good Times and 1.2% at Bad Daddy's. Net income rose to $1.3M, and share repurchases continued. Ongoing cost pressures, especially in labor and beef, are expected to persist.