The following is a summary of the Good Times Restaurants Inc (GTIM) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Good Times Restaurants reported a total revenue increase of approximately 1.9% for the quarter to $35.4 million.

• Same-store sales for Good Times restaurants increased by 0.9% while Bad Daddy's experienced a decline of 3.2%.

• The company reported a net income to common shareholders for the quarter of $0.6 million or income of $0.06 per share.

• Total restaurant sales for company-owned Good Times restaurants increased by approximately $0.6 million to $8.8 million for the quarter.

• Over 250,000 shares were repurchased during the quarter under a share repurchase program demonstrating the firm's belief in generating a good return for shareholders.

Business Progress:

• Good Times boasts of delivering eight consecutive quarters of same-store sales growth.

• Positive same-store sales during the third quarter were recorded for both Good Times and Bad Daddy's brands.

• Negotiations for the acquisition of the currently franchised Good Times restaurant in Parker, Colorado, is expected to happen during the third fiscal quarter.

• A next-generation point-of-sale system is currently being tested in two restaurants, with plans for full roll-out to all company-owned Good Times restaurants before the fiscal year-end.

• Improvements have been observed at Bad Daddy's due to factors such as expanded operating hours, focus on the bar, high standards and execution.

• Similar evaluations are being run for Bad Daddy's, where the Toast system is expected to be tested within the next several quarters.

More details: Good Times Restaurants IR

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