GTIM - Good Times Restaurant ends FY20 with strong sales and +10% comps at Good Times stock up 13%

Good Times Restaurant (GTIM) spikes 12.83% after the company announced Q4 revenue of $28.5M, marginally down 0.9% Y/Y, in earnings report.Segment Sales: Good Times $9M (+6.3% Y/Y); Bad Daddy's $19.3M (-3.8% Y/Y).Same Store Sales for company-owned Good Times restaurants increased 10% for the quarter and 7.9% for FY 2020. Good Times operating profit increased to $1.8M or 480 bps Y/Y to 20.0% of sales, primarily due to higher sales accompanied by lower cost of sales.Bad Daddy’s restaurants same store sales decreased 12.2% for the quarter and decreased 17.7% for the year. 33 Bad Daddy’s were in the comp base at the end of the quarter.Bad Daddy’s Q4 operating profit was $3.3M or 17.1% of sales, compared to $2.7M, or 13.3% last year.The company has also launched a virtual brand Bad Mama's Chicken in November in a limited number of locations, broadly designed to leverage the culinary strengths that has been developed in Bad

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Good Times Restaurant ends FY20 with strong sales and +10% comps at Good Times, stock up 13%