Good Times(GTIM) - 2025 Q2 - Quarterly Results

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]