Good Times Restaurants reports Q1 SSS down 5.2% for Good Times' brand
Good Times Restaurants announced that same store sales at its Bad Daddy's concept increased 0.2% during the quarter over the prior year's increase of 0.7%, which includes the loss of approximately ten store days due to the snow storm in North Carolina. Same store sales for its Good Times' brand decreased 5.2% in its fiscal first quarter ended December 25, 2018 over the prior year's increase of 5.9%. CEO Boyd Hoback said, "We continue to see same store sales growth in our Bad Daddy's brand, even with the loss of sales due to harsher weather this year. Good Times was significantly impacted by tougher weather in Colorado versus last year and we attribute most, if not all, of the same store sales decline this year to that. Last year had unusually warmer weather with lower precipitation in Colorado in both our first and second fiscal quarters so we anticipate a tough comparison again in our second quarter at Good Times. However, the calendar shift for Christmas this year has benefited Bad Daddy's with some acceleration in our sales trends so far in our third fiscal period. Subsequent to the end of the quarter we opened our thirty fifth Bad Daddy's restaurant in Raleigh, North Carolina, which is our fourth restaurant in that market."