Good Times Q3 Profit Jumps 27% as Cost Cuts Offset Revenue Dip
GTIM sits 32% above its 52-week low of $1.1 on elevated volume (5.1× avg).
Summary
Good Times Restaurants reported Q3 net income of $1.9 million, up 27% year-over-year, despite a 5% revenue decline to $35.2 million. Adjusted EBITDA rose to $2.5 million, driven by cost management and a successful $2 Bambino promotion that lifted Good Times same-store sales into positive territory. Bad Daddy's Burger Bar continues to face sales headwinds, prompting tests of value-oriented promotions. Management expects Q4 profitability to improve year-over-year, with the positive sales trend at Good Times carrying into the current quarter.
At the time of this announcement, GTIM was trading at $1.45 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $15M. The 52-week trading range was $1.10 to $2.09. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.