GTIM - Good Times Restaurants reports FQ1 same store sales growth for its two brands
- U.S. fast-food chain Good Times Restaurants ( NASDAQ: GTIM ) on Thursday reported same store sales growth for FQ1 in its two brands.
- The company said FQ1 same store sales increased 3% for its Good Times Burgers & Frozen Custard brand.
- FQ1 same store sales for GTIM's Bad Daddy's Burger Bar brand increased 2.4%.
- Average weekly sales during FQ1 were $26,797 and $49,180 for Good Times and Bad Daddy's brands, respectively.
- The company attributed the rise in same store sales to higher menu prices.
- "Our stronger pricing at Good Times reflects our efforts to combat the more intense inflationary pressures we are experiencing in Colorado and our price increases at Bad Daddy’s similarly have been more aggressive in Colorado than those in other markets," GTIM CEO Ryan Zink said in a statement .
- Good Times Restaurants ( GTIM ) stock earlier closed +4.3% at $2.65.
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Good Times Restaurants reports FQ1 same store sales growth for its two brands