Q4 2024 Good Times Restaurants Inc Earnings Call Transcript

Dec 12, 2024 / 10:00 PM GMT

Release Date Price: $2.7 (+0.37%)

Transcript 10-K8-K

Key Points

Positve

Good Times Restaurants Inc (GTIM) reported a 4.3% increase in total revenues for the quarter, reaching a new all-time record of $142.3 million for fiscal 2024.
Bad Daddy's brand saw a strong increase in same-store sales by 3.2% for the quarter, driven by operational improvements and new menu items.
The introduction of the Smash Patty burgers at Bad Daddy's was successful, becoming a top menu item and contributing positively to sales and margins.
The company has been actively remodeling and acquiring franchise locations to ensure operational excellence and brand continuity.
Good Times Restaurants Inc (GTIM) expanded its share repurchase program, indicating confidence in the company's value and providing flexibility for capital allocation.

Negative

Good Times brand experienced a slight decline in same-store sales, with a 0.1% decrease, attributed to escalating beef prices and competitive discounting.
The company faced increased costs in food and packaging, labor, and occupancy, impacting overall profitability.
Despite revenue growth, Good Times Restaurants Inc (GTIM) reported a decrease in restaurant-level operating profit for the Good Times brand.
The company's marketing strategy faced challenges, with audio-based advertising reductions not yielding the expected results.
There is uncertainty in the commodity market, particularly with ground beef prices, which could continue to impact cost structures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GTIM.OQ - Good Times Restaurants Inc
Q4 2024 Good Times Restaurants Inc Earnings Call
Dec 12, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen and welcome to the good times. Restaurants, Inc Visal 2024 4th quarter and year end earnings call. I am carry August, the company, Senior Vice President of Finance and accounting.

By now, everyone should have access to the company's earnings release which is available in the investors section of the company's website.

As a reminder, a part of today's discussion will include forward-looking statements within the meaning of federal securities laws. These forward-looking statements are not guarantees of future performance and therefore you should not put undue reliance on them.

These statements involve known and unknown risks which may cause the company's

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