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GTIM - Good Times Restaurants approves $5M in share repurchase program
Good Times Restaurants Inc.
Good Times Restaurants (NASDAQ:GTIM) plans to commence a share repurchase program from Feb.7 with repurchase authorization of up to $5M is granted. "This share repurchase program will return capital to shareholders while providing a secondary use for cash generated by the business while we continue to reinvest in both existing restaurants at both brands and execute a disciplined growth program for Bad Daddy's," CEO Ryan Zink commented. The current repurchase program represents ~9% of its current market cap.