GTIM - Good Times Restaurants reports Q4 & FY same store sales

Led by increased dining options, Good Times Restaurants (GTIM) reported Q4 same store sales increased 10% Y/Y and 7.9% for FY20; Y/Y same store sales at its Bad Daddy’s concept decreased 12.2% for Q4 and 17.7% for FY20.Bad Daddy’s same store sales improved throughout the quarter as we believe guests are becoming more comfortable with on-premises dining.Both brands were affected in September by one of the earliest snowfalls in Colorado history.At the end of Q4, all of the dining rooms in its Bad Daddy’s restaurants had opened.FY ended with ~$11M in cash and equivalents, $5.5M drawn on its revolving credit facility, and $11.6M of PPP loans.

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Good Times Restaurants reports Q4 & FY same store sales