Core Viewpoint - Good Times Restaurants Inc. is conducting its Q2 2025 earnings call, indicating a focus on financial performance and future outlook [1]. Financial Performance - The earnings release for Q2 2025 is available on the company's investor website, highlighting the importance of transparency in financial reporting [2]. Forward-Looking Statements - The company will discuss forward-looking statements that are not guarantees of future performance, emphasizing the need for caution in interpreting these statements [2]. Risks and Uncertainties - Various risks and uncertainties are acknowledged, including market price fluctuations, staffing constraints, supply chain issues, inflation, and competition, which could impact the company's performance [3]. - Specific risks include disruptions from public health emergencies, challenges in restaurant development, and changes in laws and regulations affecting operations [3].

Financial Data and Key Metrics Changes - Same store sales decreased slightly more than 3.5 points at each brand, indicating a challenging operating environment [4] - Total restaurant sales for Bad Daddy's decreased by $1.6 million to $24.8 million for the quarter, primarily due to reduced customer traffic and a negative mix shift [17] - Good Times total restaurant sales increased by approximately $500,000 to $9.3 million for the quarter, with same store sales decreasing by 3.6% [20] - Net loss to common shareholders for the quarter was $600,000, compared to net income of $600,000 in the same quarter last year [24] Business Line Data and Key Metrics Changes - Bad Daddy's average menu price increased by 4.7% compared to Q2 of the previous year, while same store sales decreased by 3.7% [18] - Good Times experienced a 30.7% food and beverage cost for the quarter, an increase of 160 basis points compared to the prior year [21] - Good Times restaurant level operating profit decreased by $300,000 to $700,000, with a profit margin of 8% [24] Market Data and Key Metrics Changes - The company noted a shift towards a more value-oriented customer, aligning menu and promotions accordingly [4] - Colorado-specific trends negatively affected sales performance, particularly for Bad Daddy's in Colorado [12] Company Strategy and Development Direction - The company is focusing on improving kitchen execution, consistency, and product quality, with a new Director of Operations for Good Times [5][6] - Menu changes include rolling out new burger builds and condensing the menu to focus on core items [8][9] - Marketing efforts are shifting towards social and digital media, with promising results from Connected TV and video streaming tests [13][14] Management Comments on Operating Environment and Future Outlook - Management acknowledged a tough quarter and expects the operating environment in the third fiscal quarter to remain challenging [29] - The focus is on improving execution and value perception through quality and service, aiming for long-term sales and profitability gains [29] Other Important Information - The company has temporarily paused share repurchases to redirect cash flow towards cash accumulation, debt repayment, and remodels [25] - A new supply chain leader will be appointed, expected to enhance leadership and cost reduction [15] Q&A Session Summary Question: Are there any questions today? - There were no questions during the call, and the session was handed back for closing remarks [28]

Revenue Performance - Net revenues for the quarter ended April 1, 2025 decreased by $1,169,000 or 3.3% to $34,279,000 from $35,448,000 for the quarter ended March 26, 2024[81]. - Net revenues for the two quarters ended April 1, 2025 increased by $2,007,000, or 2.9%, to $70,612,000 from $68,605,000 for the two quarters ended March 26, 2024[114]. Restaurant Sales - Bad Daddy's restaurant sales decreased by $1,631,000 to $24,817,000 for the quarter ended April 1, 2025, primarily due to reduced customer traffic and the closure of one restaurant[82]. - Good Times restaurant sales increased by $506,000 to $9,323,000 for the quarter ended April 1, 2025, driven by the acquisition of two restaurants[83]. - Bad Daddy's restaurant sales increased by $327,000 to $50,895,000 for the two quarters ended April 1, 2025, from $50,568,000 for the two quarters ended March 26, 2024[115]. - Good Times restaurant sales increased by $1,567,000 to $19,210,000 for the two quarters ended April 1, 2025, from $17,643,000 for the two quarters ended March 26, 2024[117]. Same Store Sales - Same store sales for Bad Daddy's decreased by 3.7% during the quarter ended April 1, 2025, primarily due to reduced customer traffic[86]. - Same store sales for Good Times decreased by 3.6% during the quarter ended April 1, 2025, primarily due to unfavorable weather conditions[87]. - Same store sales for Bad Daddy's decreased by 1.1% during the two quarters ended April 1, 2025, compared to the same two quarters ended March 26, 2024[120]. - Same store sales for Good Times decreased by 1.9% during the two quarters ended April 1, 2025, compared to the same two quarters ended March 26, 2024[121]. Costs and Expenses - Food and packaging costs for the quarter ended April 1, 2025 decreased by $122,000 to $10,477,000, representing 30.7% of restaurant sales[89]. - Payroll and other employee benefit costs decreased by $440,000 to $11,826,000, representing 34.6% of restaurant sales[92]. - General and administrative costs increased by $14,000 to $2,578,000, representing 7.5% of total revenues[101]. - Advertising costs decreased by $119,000 to $705,000, representing 2.1% of total revenues[103]. - Food and packaging costs for the two quarters ended April 1, 2025 increased by $914,000 to $21,840,000 (31.2% of restaurant sales) from $20,926,000 (30.7% of restaurant sales) for the two quarters ended March 26, 2024[122]. - Payroll and other employee benefit costs for the two quarters ended April 1, 2025 increased by $719,000 to $24,609,000 (35.1% of restaurant sales) from $23,890,000 (35.0% of restaurant sales) for the two quarters ended March 26, 2024[125]. Advertising Costs - Bad Daddy's advertising costs decreased to $336,000 (1.3% of total revenues) for the quarter ended April 1, 2025, down from $539,000 (2.0% of total revenues) for the quarter ended March 26, 2024[104]. - Good Times advertising costs increased to $369,000 (3.9% of total revenues) for the quarter ended April 1, 2025, compared to $285,000 (3.2% of total revenues) for the quarter ended March 26, 2024[105]. - Bad Daddy's advertising costs decreased to $957,000 (1.9% of total revenues) for the two quarters ended April 1, 2025, down from $1,269,000 (2.5% of total revenues) for the same period in 2024[138]. - Good Times advertising costs were $612,000 (3.2% of total revenues) for the two quarters ended April 1, 2025, compared to $647,000 (3.6% of total revenues) for the two quarters ended March 26, 2024[140]. Net Income and Loss - Net loss was $627,000 for the quarter ended April 1, 2025, compared to net income of $680,000 in the quarter ended March 26, 2024[110]. - Net loss was $453,000 for the two quarters ended April 1, 2025, compared to net income of $197,000 for the two quarters ended March 26, 2024[147]. - Adjusted EBITDA for the two quarters ended April 1, 2025, was $1,021,000, compared to $1,458,000 for the two quarters ended March 26, 2024[155]. Cash Flow - Net cash provided by operating activities decreased by $1,319,000 to $196,000 for the year-to-date period ended April 1, 2025, compared to $1,515,000 for the same period in 2024[162]. - Net cash used in investing activities increased to $2,662,000 for the two quarters ended April 1, 2025, from $1,063,000 for the same period in 2024[163]. - Net cash provided by financing activities was $1,325,000 for the two quarters ended April 1, 2025, compared to net cash used of $634,000 for the same period in 2024[164]. Operational Overview - The company operates a total of 40 Bad Daddy's restaurants and 30 Good Times restaurants as of April 1, 2025[77]. - The working capital deficit as of April 1, 2025, was $9,504,000, influenced by short-term lease liabilities and payment terms with vendors[158]. - The company anticipates that ground beef costs will continue to increase throughout fiscal year 2025 due to tightening supply and inflationary pressures[166].

Financial Performance - Total revenues for the quarter decreased 3.3% to $34.3 million compared to the fiscal 2024 second quarter [7] - Net loss attributable to common shareholders was $0.6 million for the quarter [7] - Adjusted EBITDA was $1.0 million for the quarter [7] - Cash and cash equivalents decreased from $3,853 million on September 24, 2024, to $2,712 million on April 1, 2025, representing a decline of 29.5% [18] - Total assets slightly decreased from $87,118 million to $86,928 million, a reduction of 0.2% [18] - Adjusted EBITDA for Q2 2025 was reported at $1,021 million, compared to $1,458 million in Q2 2024, indicating a decrease of 30% [23] - The company reported a net loss of $624 million for Q2 2025, compared to a net income of $618 million in Q2 2024 [23] Sales Performance - Same store sales for Bad Daddy's restaurants decreased 3.7% and Good Times restaurants decreased 3.6% for the quarter compared to the fiscal 2024 second quarter [7] - Same store sales year-to-date for Bad Daddy's and Good Times brands were -1.1% and -1.9%, respectively [7] - Bad Daddy's restaurant sales increased from $24,817 million in Q2 2024 to $26,448 million in Q2 2025, reflecting a growth of 6.6% [19] - Good Times restaurant sales rose from $8,817 million in Q2 2024 to $9,323 million in Q2 2025, an increase of 5.7% [19] - Average weekly sales per restaurant for Bad Daddy's increased from $48.9 million to $50.9 million, while Good Times saw an increase from $26.6 million to $27.1 million [18] Operational Metrics - Restaurant level operating profit margin for Bad Daddy's brand was 13.6%, matching the prior year [4] - Restaurant-level operating profit for Bad Daddy's was $3,378 million in Q2 2025, accounting for 13.6% of sales, compared to $3,607 million and 13.6% in Q2 2024 [19] - Total restaurant-level operating profit decreased from $4,682 million in Q2 2024 to $4,126 million in Q2 2025, a decline of 11.8% [21] - The number of restaurants open at the end of the period remained stable for Bad Daddy's at 39, while Good Times increased from 25 to 27 [18] Strategic Initiatives - The company is testing a new side-included pricing model with strong initial results and plans to roll it out to all stores by the end of the June quarter [5] - The company is expanding its advertising strategy to include connected TV and streaming video, which showed promising results in initial tests [5] - The company repurchased 54,835 shares of its common stock during the quarter [7]

Financial Data and Key Metrics Changes - Total restaurant sales for Bad Daddy's increased by $2 million to $26.1 million for the quarter, primarily due to an additional week in the current fiscal quarter and menu price increases [26][64] - Same-store sales for Bad Daddy's increased by 1.5%, while Good Times' same-store sales remained flat compared to the prior year [6][12] - Good Times' total restaurant sales increased by approximately $1.1 million to $9.9 million for the quarter [32][69] - Net income to common shareholders for the quarter was $0.2 million or $0.02 per share, compared to a net loss of $0.6 million or $0.05 per share in the first quarter last year [37][75] - Adjusted EBITDA for the quarter was $1.2 million compared to $0.5 million for the first quarter of 2024 [37][75] Business Line Data and Key Metrics Changes - Bad Daddy's food and beverage costs were 31.5%, unchanged from the previous year, while Good Times' food and packaging costs increased to 31.8%, a 100 basis point increase [27][70] - Labor costs for Bad Daddy's decreased by 70 basis points to 35.1%, while Good Times' total labor cost increased to 36.7%, a 290 basis point increase from the prior year [28][73] - Restaurant-level operating profit for Bad Daddy's was approximately $3.3 million or 12.6% of sales, compared to $2.6 million or 10.7% last year [31][68] - Good Times' restaurant-level operating profit decreased by $0.3 million to $0.9 million, with a decrease in profit margin to 8.6% [36][74] Market Data and Key Metrics Changes - Same-store sales at Bad Daddy's were down approximately 5.5% during the first four weeks of the second fiscal quarter, and down more than 7% at Good Times due to adverse weather conditions [61] - The average menu price during the quarter for Bad Daddy's was 4.5% higher than the same quarter in 2024, while Good Times had an average menu price increase of approximately 3.9% [26][70] Company Strategy and Development Direction - The company is focusing on product quality and menu rationalization to drive purchasing behavior towards better margin products [107] - There is an ongoing effort to renovate the Good Times brand to keep it competitive, with recent remodels and acquisitions of previously franchised restaurants [87][39] - The company is exploring new locations for Bad Daddy's but is being selective about site choices [81][83] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges from higher costs and intense competition, particularly for the Good Times brand [11][50] - The company expects ground beef costs to continue to increase throughout fiscal year 2025 due to tightening supply [66][71] - Management expressed optimism about improving trends following a difficult January, emphasizing the focus on operational initiatives to enhance customer experiences [118] Other Important Information - The company finished the quarter with $3 million in cash and $2.6 million of long-term debt, and repurchased 59,125 shares during the quarter [38][76] - The company incurred $0.9 million of CapEx during the first fiscal quarter related to remodels and acquisitions [39][76] Q&A Session Summary Question: Plans for new locations for Bad Daddy's - Management is actively looking for new locations but is selective about site choices, with a successful location in Madison, Alabama serving as a model [81][83] Question: Capital allocation plan and share buyback - Management plans to continue share repurchases and invest in renovations for the Good Times brand, with a strong appetite for share buybacks at current valuations [85][88] Question: Update on the legal case - There has been no movement since the last call, and the case is currently awaiting a decision from the district court [90] Question: Insights on seasonality and weather impact - Management noted that January was particularly challenging due to adverse weather, but February is expected to improve [96][97] Question: Customer demographics for both brands - Good Times tends to attract a slightly older demographic, while Bad Daddy's appeals to a broader age range, with efforts to modernize the brand to attract younger customers [100][102] Question: Menu adjustments to offset cost increases - Management is focusing on product quality and menu rationalization to drive sales and improve margins without resorting to discounting [107][108] Question: Future of comp sales announcements - Management is evaluating the practice of pre-releasing comp sales based on industry trends and may return to it if deemed beneficial [112][114]

Revenue Performance - Net revenues for the quarter ended December 31, 2024 increased by $3,176,000 or 9.6% to $36,333,000 from $33,157,000 for the quarter ended December 26, 2023[77]. - Bad Daddy's restaurant sales increased by $1,958,000 to $26,078,000 for the quarter ended December 31, 2024, with an average menu price increase of approximately 4.5%[78]. - Good Times restaurant sales increased by $1,061,000 to $9,887,000 for the quarter ended December 31, 2024, with an average menu price increase of approximately 3.9%[79]. - Same store sales for Bad Daddy's increased by 1.5% during the fiscal quarter ended December 31, 2024, with 38 restaurants included in the same store sales base[82]. - Same store sales for Good Times remained unchanged during the quarter ended December 31, 2024, with 27 restaurants included in the same store sales base[83]. Cost and Expense Analysis - Food and packaging costs for the quarter ended December 31, 2024 increased by $1,036,000 to $11,363,000, representing 31.6% of restaurant sales[84]. - Payroll and other employee benefit costs increased by $1,159,000 to $12,783,000, representing 35.5% of restaurant sales[87]. - Occupancy costs increased by $178,000 to $2,683,000, representing 7.5% of restaurant sales[90]. - Depreciation and amortization costs increased by $91,000 to $1,018,000 for the quarter ended December 31, 2024, from $927,000 in the prior year[95]. - General and administrative costs rose by $250,000 to $2,588,000, maintaining 7.1% of total revenues for both quarters[97]. - Advertising costs decreased by $228,000 to $864,000, representing 2.4% of total revenues for the quarter ended December 31, 2024, down from 3.3%[98]. Profitability Metrics - Net income for the quarter ended December 31, 2024, was $174,000, a significant improvement from a net loss of $483,000 in the same quarter of 2023[105]. - Adjusted EBITDA for the quarter ended December 31, 2024, was $1,209,000, compared to $510,000 for the quarter ended December 26, 2023[111]. Cash Flow and Capital Management - Net cash used in operating activities was $(518,000) for the quarter ended December 31, 2024, compared to $(252,000) in the prior year[117]. - Net cash used in investing activities increased to $(1,846,000) for the quarter ended December 31, 2024, from $(448,000) in the same quarter of 2023[119]. - The working capital deficit as of December 31, 2024, was $9,223,000, influenced by short-term lease liabilities[114]. - The company anticipates sufficient capital to meet working capital and recurring capital expenditure needs in fiscal 2025[114]. Growth and Expansion - The company acquired two Denver metro area Good Times restaurants from a franchisee during the quarter ended December 31, 2024[76]. - The company continues to pursue unit growth opportunities with a more conservative approach to leverage due to higher costs and volatile inflation[72]. - Preopening costs for the quarter ended December 31, 2024, were $8,000, compared to no preopening costs for the same quarter in 2023[95].

Financial Performance - Total revenues for the first fiscal quarter increased by 9.6% to $36.3 million compared to $33.2 million in the same quarter of fiscal 2024[11] - Net income attributable to common shareholders was $0.2 million, a significant improvement from a net loss of $0.6 million in the same quarter of the previous year[11] - Adjusted EBITDA for the quarter was $1.2 million, reflecting positive operational performance[11] - Restaurant-level operating profit for Q1 2025 was $4,130,000, up from $3,762,000 in Q1 2024, representing a 9.8% increase[21] - Adjusted EBITDA for Q1 2025 was $1,209,000, compared to $510,000 in Q1 2024, indicating a significant increase of 136.1%[22] - Net income for Q1 2025 was reported at $164,000, a turnaround from a net loss of $556,000 in Q1 2024[22] Operational Metrics - Same store sales for Bad Daddy's restaurants increased by 1.5%, while Good Times restaurants remained unchanged compared to the first quarter of fiscal 2024[11] - Bad Daddy's restaurant operating profit margin improved to 12.6% from 10.7% year-over-year, driven by better labor productivity and lower beef costs[19] - Good Times restaurant operating profit margin decreased to 8.6% from 13.5% year-over-year, primarily due to increased staffing costs[19] Revenue Sources - Franchise and other revenues increased to $368,000 in Q1 2025 from $211,000 in Q1 2024, marking a growth of 74.5%[21] Expenses - General and administrative expenses rose to $2,588,000 in Q1 2025, compared to $2,338,000 in Q1 2024, reflecting an increase of 10.7%[21] - Depreciation and amortization expenses for Q1 2025 were $1,016,000, slightly higher than $929,000 in Q1 2024[22] - Interest expense for Q1 2025 was $46,000, up from $32,000 in Q1 2024, which is a 43.8% increase[22] Future Outlook - The company plans to introduce new menu items and improvements, maintaining a strong product pipeline for both brands[6] - The second fiscal quarter has faced challenges due to unfavorable weather conditions affecting sales[5] Financial Position - Cash and cash equivalents as of December 31, 2024, were $3.0 million, down from $3.9 million at the end of the previous fiscal year[18] - Total assets increased to $89.5 million from $87.1 million as of September 24, 2024[18] Adjusted Metrics - The company emphasizes that Adjusted EBITDA is a useful measure for assessing operating performance without the impact of non-cash charges[25] - The company excludes restaurant closure costs and impairment costs from restaurant-level operating profit to better reflect ongoing operational efficiency[21] - The financial metrics presented may not be comparable to those of other companies due to variations in capital structures and accounting practices within the industry[25]

Financial Data and Key Metrics Changes - Total revenues increased approximately 4.3% for the quarter to $35.8 million and increased approximately 3% compared to fiscal 2023 to $142.3 million, marking a new all-time record for the company [31][91] - Net income to common shareholders for the quarter was $0.2 million or income of $0.02 per share versus a net loss of $0.3 million, $0.02 per share in the fourth quarter last year [52][110] - Adjusted EBITDA for the quarter was $1.3 million compared to $1.4 million for the fourth quarter of 2023 [53][111] Business Line Data and Key Metrics Changes Bad Daddy's - Total restaurant sales increased $1 million to $25.6 million for the quarter and increased $1.3 million to $103.8 million for the full year, primarily driven by additional sales from the Madison, Alabama restaurant [32][91] - Same-store sales increased 3.2% for the quarter with 38 Bad Daddy's in the comp base at quarter end [34][93] - Overall restaurant-level operating profit for Bad Daddy's was approximately $3.5 million for the quarter, or 13.6% of sales compared to $2.6 million or 10.6% last year [41][100] Good Times - Total restaurant sales for company-owned restaurants increased approximately $0.5 million to $10 million for the quarter and increased $3 million to $38 million for the year compared to the 2023 fiscal year [42][101] - Same-store sales decreased 0.1% for the quarter with 25 Good Times restaurants in the comp base at quarter end [43][102] - Good Times restaurant-level operating profit decreased by $0.3 million for the quarter to $1.2 million, with a decrease in profit margin to 12.2% due to elevated costs [49][108] Market Data and Key Metrics Changes - The company experienced negative same-store sales in the Good Times brand, attributed to intense discounting by competitors and escalating beef prices [5][16] - Labor costs for Good Times increased to 33.9%, an 80 basis point increase from the prior year quarter due to higher average wage rates [47][106] - Food and packaging costs for Good Times were 30.9% for the quarter, an increase of 40 basis points compared to last year's quarter [45][104] Company Strategy and Development Direction - The company is focusing on product improvement and innovation rather than deep discounting, with new menu items and seasonal promotions planned [20][79] - The company has remodeled one Good Times location and purchased two others, aiming to ensure operational excellence and continuity of brand presence [82][83] - Future investments will focus on remodels, signage, and opportunistic limited new unit development as franchisee consolidation is nearly complete [86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Bad Daddy's brand despite challenges faced by Good Times, emphasizing operational improvements and a focus on guest experience [5][62] - The company is monitoring competitive pricing and plans to respond rapidly based on market actions [44][102] - Management highlighted the importance of engaging with a new generation of customers through increased digital and social initiatives [29][89] Other Important Information - The company announced an expansion of its share repurchase program, providing an additional $2 million of authorized share repurchases [55][113] - The company has been experimenting with a shift in marketing spend from traditional audio-based advertising to digital initiatives [27][88] Q&A Session Summary Question: Are there any questions from the audience? - There were no questions from the audience during the Q&A session [116] Closing Remarks - Management expressed optimism about the future for both Bad Daddy's and Good Times, highlighting the importance of operational excellence and guest experience [117][119]

Financial Performance - Net revenues for fiscal 2024 increased by $4,155,000 (3.0%) to $142,315,000 from $138,160,000 in fiscal 2023[16] - Total interest expense on notes payable was $108,000 for fiscal 2024[33] - Same store sales increased by 2.9% in fiscal 2024 and 3.7% in fiscal 2023, with a compound annual growth rate of 4.4% from fiscal 2015 to 2024[47] - Good Times same store sales increased for fiscal 2024, primarily due to price increases, with a compound annual growth rate of approximately 4.4% over the past ten years[59] - Same store sales decreased by 1.2% at the Bad Daddy's brand during fiscal 2024[17] Cash and Debt Management - The company ended fiscal 2024 with $3.9 million in cash and $0.8 million in long-term debt[20] - As of September 24, 2024, the interest rate applicable to borrowings under the Cadence Credit Facility was 8.41%[29] - The Cadence Credit Facility allows for loans up to $8,000,000, maturing on April 20, 2028[27] - The company maintains approximately $7,490,000 of committed funds available under the Cadence Credit Facility, with $500,000 currently borrowed against it[31] - The company has repurchased a total of 1,670,718 shares at an aggregate cost of approximately $4,650,000 as of September 24, 2024[26] Restaurant Operations - Good Times operates 30 restaurants, having acquired one and closed one during fiscal 2024, while Bad Daddy's operates 39 locations, closing one during the same period[72] - The company operates 30 Good Times restaurants, with 28 located in Colorado[13] - The company owns and operates or licenses 40 Bad Daddy's restaurants across seven states[12] - Bad Daddy's Burger Bar offers a customizable menu with over sixty topping options for burgers and salads, enhancing customer experience[75] - Good Times Burgers & Frozen Custard focuses on fresh, all-natural ingredients, including beef from Meyer Natural Foods and chicken from Springer Mountain Farms[79] Growth Strategy - The company plans to pursue disciplined unit growth for Bad Daddy's, focusing on urban and suburban areas with median household incomes over $90,000[65] - The company aims to primarily grow the Bad Daddy's brand, focusing on contiguous expansion from existing restaurants to maximize brand awareness and operational efficiencies[56] - The company has identified potential new restaurant locations in the southeast U.S. market for Bad Daddy's, with a disciplined growth strategy[65] - Good Times does not have explicit plans for new restaurant development but may consider opportunistic growth in Colorado and surrounding states[68] Marketing and Customer Engagement - The marketing strategy for Bad Daddy's focuses on local store marketing and community events rather than traditional advertising, supplemented by social media investments[82] - Good Times focuses on driving same store sales by attracting new customers and increasing visit frequency, utilizing audio advertising and social media for brand awareness[84] - Customer feedback is gathered through various channels, including surveys and social media, to improve service execution[90] Operational Efficiency - The company aims to enhance operational capabilities while managing expenses, particularly in cost of sales and labor[62] - The company utilizes a cloud-based back-office solution for real-time sales, labor, and cash data collection, enhancing operational efficiency[99] - The company has implemented a new cloud-based point of sale system across all company-owned Good Times restaurants, with plans for Bad Daddy's in the next eighteen months[98] - The cloud-based back-office solution provides near real-time data on sales, labor, and inventory, interfacing with financial accounting systems for comprehensive reporting[99] Employee Management - As of September 24, 2024, the company had approximately 2,110 active employees, with 1,879 being hourly team members and 231 salaried managers or professional staff[102] - Managers undergo an eight-week training program and are closely supervised before managing independently, ensuring high standards in service and food preparation[91] - Good Times restaurants employ a general manager and up to four shift managers, with most management positions filled by promoting from within[88] - Bad Daddy's Burger Bar operates with a team of three to four managers per restaurant, each responsible for specific areas and participating in a bonus pool based on sales and operational objectives[86] Compliance and Regulations - The company is subject to various health, sanitation, safety, and fire regulations for its restaurants[108] - The company actively monitors franchise operations to ensure compliance with systems and procedures, advising on menu, management training, and marketing[97]

Financial Performance - Good Times Restaurants Inc. reported same store sales for the fourth fiscal quarter ended September 24, 2024[2]. - The press release regarding the financial results was issued on October 15, 2024[2]. - The report is part of the requirements under the Securities Exchange Act of 1934[5]. Company Information - The company is listed on the Nasdaq Capital Market under the symbol GTIM[2]. - Ryan M. Zink serves as the Chief Executive Officer of Good Times Restaurants Inc.[6].