Q1 2026 Good Times Restaurants Inc Earnings Call Transcript
Key Points
- Sequential improvement in same-store sales at both brands despite a challenging quarter.
- Transition to cook-to-order at Good Times resulted in fresher, tastier patties without cost increment.
- Enhanced loyalty program increased attachment rate from 3-4% to over 7%, with some restaurants exceeding 10%.
- Positive guest feedback on new menu items at Bad Daddy's, with plans to add successful items to the core menu.
- Improved labor and food cost efficiencies contributed to better restaurant-level operating profit margins.
- Total revenues decreased by approximately 10% for the quarter.
- Same-store sales remained negative, with a 1.2% decrease at Bad Daddy's and a 3.1% decrease at Good Times.
- Weather-related disruptions led to significant sales losses, particularly in the Southeast.
- Higher beef, bacon, and bison purchase prices partially offset cost efficiencies.
- Increased occupancy and other operating costs due to lower sales and higher utility expenses.
Hello everyone, thank you for joining us and welcome to the good times.
Restaurants Incorporated Q1 2026 earnings call. (Operator Instructions)
I will now hand the call over to Keri August, Chief Accounting Officer. Please go ahead
Thank you, Elody. Good afternoon, ladies and gentlemen, and welcome to the Good Times Restaurants Inc. Fiscal 2026 first quarter earnings call. I am Keri August, the company's Chief Accounting Officer.
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 actual results to differ materially from results
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