The company operates Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard concepts. Credit: Charles Wagner aka ChumpChange.

Good Times Restaurants has reported a total revenue of $99.24m for the fiscal year ending 25 September 2018 (FY2018).

Reflecting the addition of nine new Bad Daddy’s restaurants during the year, the growth represents a 25% increase from the fiscal year ending 2017 (FY2017).

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company also reported total restaurant operating costs of $88.94m, compared with $71.50m for the same period in FY2017.

In addition, Good Times Restaurants’ Burgers & Frozen Custard concept reported a 4.2% increase in same-store sales compared with 2.1% for FY2017 and Bad Daddy’s Burger Bar reported a slight increase of 0.8% compared with 1.6%.

Bad Daddy’s restaurant-level operating profit margin improved to 17% for the year from 15.8% last year.

Good Times Restaurants’ president and CEO Boyd Hoback said: “We are very pleased with our results for the quarter and fiscal year, including our adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), which was slightly ahead of the upper end of our guidance for the fiscal year.

“Even though labour costs continue to be a pressure point on our operating margins, Bad Daddy’s restaurant-level operating profit margin improved to 17% for the year from 15.8% last year.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company’s net loss was $1.03m for FY2018, compared with $2.25m in 2017. Basic and diluted loss per common share was $0.08 for the year, compared with $0.18 last year.

In addition, the restaurant chain opened nine restaurants during FY2018.

Hoback added: “At the end of the fiscal year, we opened two new Bad Daddy’s restaurants, one in the Atlanta metro area and one in Greenville, South Carolina and subsequent to year end we’ve opened one additional restaurant in the Atlanta metro area with another restaurant scheduled to open on 2 January 2019 in the Raleigh metro area.”