Good Times Restaurants reports positive Q2 2019 same store sales

11th April 2019 (Last Updated April 11th, 2019 09:20)

US-based franchisor Good Times Restaurants has reported positive same store sales in its fiscal second quarter (Q2) of this year.

Good Times Restaurants reports positive Q2 2019 same store sales
Valyant AI has piloted the platform at Good Times Burgers & Frozen Custard in Denver, US. Credit: Thomas Hawk.

US-based franchiser Good Times Restaurants has reported positive same store sales in its fiscal second quarter (Q2) of this year.

The group operates and franchises Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain, and a full-service, upscale concept Bad Daddy’s Burger Bar.

Bad Daddy’s Burger Bar reported a 1.3% increase in same store sales for Q2 2019, compared to 0.2% increase for the same period the previous year.

The company has also reported 7.5% decrease in the same store sales at its Good Times’ concept, compared to 7.1% increase for the same period the previous year.

According to the company, the sales were impacted due to loss from restaurant closures in Colorado associated with the ‘Bomb Cyclone’ weather event on 13 March.

“At the beginning of the quarter we opened our thirty-fifth Bad Daddy’s restaurant, our fourth in the Raleigh, North Carolina market, which is performing well above our system average unit volume.”

Good Times Restaurants president and CEO Boyd Hoback said: “We continue to see healthy same store sales growth in our Bad Daddy’s brand, even with the loss of sales due to harsher weather that has caused store closures in both our first and second quarters.

“Good Times continued to be significantly impacted by the much more inclement weather in Colorado (both in temperature and precipitation) versus last year and we attribute most, if not all, of the same store sales decline this year to the unfavourable weather.

“Importantly, when we compare favourably on weather our same store sales bounce back, as they have subsequent to the end of the quarter with our first stretch of warmer weather.

“At the beginning of the quarter we opened our thirty-fifth Bad Daddy’s restaurant, our fourth in the Raleigh, North Carolina market, which is performing well above our system average unit volume.”

Good Times Restaurants currently owns, operates and franchises 35 Bad Daddy’s Burger Bar restaurants through its wholly-owned subsidiaries. It also operates 35 Good Times Burgers & Frozen Custard restaurants.