Good Times Restaurants September Same Store Sales Rise 9.9% - Quick Facts

(RTTNews) - Good Times Restaurants Inc. (GTIM) said that its September same store sales increased 9.9% over the prior year's increase of 17.4%.

Good Times' same store sales increased 11.9% in its fourth fiscal quarter ending September 30, 2014 over the prior year's increase of 18.2%.

The company noted that it expect its sales trends this year to continue to moderate as it lap two years of double digit sales growth, however it is the synergy of its overall brand initiatives, product innovation, store remodeling and marketing platform that have been driving its performance and all of those elements will continue to evolve in fiscal 2015.

The company also reported that its newest Bad Daddy's restaurant that opened on July 28, 2014 set record sales for each of its first two months of operation with total sales of $760,300 during August and September.

Boyd Hoback, President & CEO, said, "We currently operate the highest and lowest sales volume Bad Daddy's restaurants out of the nine total Bad Daddy's open (not including the Charlotte airport location), which has provided good learning on both site selection strategy and operating margin refinement. We expect our first store to continue to grow as the trade area's development and construction disruption eases into 2015 and we are thrilled with the second store's performance as it begins to settle into its longer term sales level."

The company also reiterated that it expects to open one additional Good Times restaurant in November and its third Bad Daddy's Burger Bar restaurant in Colorado in late November or early December.

The company also said it expects to open between five and eight total Company-owned Bad Daddy's restaurants during 2015, depending on the pace of development of several new shopping center developments, and at least one additional Good Times restaurant. Bad Daddy's restaurants opened by the Company are as a licensee of the concept through its wholly owned subsidiary BD of Colorado LLC.