Good Times Restaurants November Same Store Sales Up 14.1% - Quick Facts

(RTTNews) - Good Times Restaurants Inc. (GTIM) said Tuesday its same-store sales grew 14.1 percent in the month of November, on the back of an 8.4 percent increase in the same period a year ago.

The company noted that November was its eighth consecutive month of double digit same store increases. The company reiterated that while it does not normally release all monthly sales results, it plans to continue to release monthly same store sales results because the trend is so significant.

Commenting on the results, President and CEO Boyd Hoback said, "We are beginning to lap our sales comps from the prior year that include the introduction of breakfast, which was fully implemented by the end of November 2012. Breakfast sales totaled approximately 6% of sales during the month last year and are still running just shy of 10% this year, so we continue to see growth in our core menu sales and overall transactions."

"Importantly, we are seeing increased flow through to our bottom line and expect that our first fiscal quarter profitability for our core Good Times business will be significantly improved over prior year, as we invest in the preopening and ramp up for the growth of Bad Daddy's Burger Bar," added Hoback.

Good Times Restaurants also said it is on track to open its first Bad Daddy's Burger Bar in Colorado in January with additional sites in the pipeline for 2014 development.

Good Times Restaurants is a regional chain of quick service restaurants located primarily in Colorado.