The following is a summary of the Good Times Restaurants Inc. (GTIM) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Total revenues increased approximately 4.3% for the quarter to $35.8 million and increased approximately 3% compared to fiscal 2023 to $142.3 million.

• Bad Daddy's total restaurant sales increased $1 million to $25.6 million for the quarter and increased $1.3 million to $103.8 million for the full year.

• Net income to common shareholders for the quarter was $0.2 million or income of $0.02 per share versus a net loss of $0.3 million, $0.02 per share in the fourth quarter last year.

• Adjusted EBITDA for the quarter was $1.3 million compared to $1.4 million for the fourth quarter of 2023.

Business Progress:

• Bad Daddy's brand experienced strong same-store sales increase and margin improvements with redesigned standards reviews.

• Debuted new menu items including smashed patty burgers and unique seasonal burgers, enhancing culinary innovation.

• Passive on opening new locations, focusing only on high confidence sites after reconsideration of planned restaurant.

• Significant tweaks in advertising strategies, from reduction in audio media to focus on digital and social media for market engagement.

Opportunities:

• Expanding the menu with creative offerings to differentiate and attract customers, implemented with the introduction of smashed patty burgers and seasonal items.

• Adjustment to advertising strategy to optimize engagement and attract a new generation of customers through increased digital and social media efforts.

Risks:

• Increased beef prices alongside intensive discounting by competition affected Good Times brand's margins with recorded first negative same-store sales in recent years.

• Continuing high operational costs such as food, labor, and occupancy, coupled with rising wages forecasted to pressure future cost management.

More details: Good Times Restaurants IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.