Good Times Restaurants Reports Results for the First Quarter Ending December 31, 2019
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Good Times Restaurants (GTIM) Misses Q1 EPS by 4c, Revenues Beat; Offers Q2 Revenue Guidance Above Consensus
February 11, 2020 4:16 PM ESTGood Times Restaurants (NASDAQ: GTIM) reported Q1 EPS of ($0.06), $0.04 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $30.8 million versus the consensus estimate of $27.8 million.
Key highlights of the Companys financial results include:
Total Revenues increased 21.5% to $30.8 million for the quarterTotal Restaurant Sales for Bad Daddys restaurants increased 25.0% to $22.8 million for the quarterThe Company opened two Bad Daddys restaurants during the first quarter, in Charleston and Columbia, South CarolinaSame Store Sales for company-owned Bad Daddys restaurants decreased 3.4% for the quarterTotal... More