Good Times Announces June Same Store Sales Increase 14%
GOLDEN, Colo.--Good Times Restaurants Inc. (Nasdaq: GTIM) today announced that June same store sales increased 14% driven by the introduction of the new Bambino burger and year-over-year increases in its newest stores.
Commenting on the results, Boyd Hoback, President and CEO, said, "Our sales increases appear to be driven by far more than the just the success of our Bambino Burger introduction, although that has been significant. We have been on television with a new brand-building creative campaign focusing on all-natural beef and Good Times' brand personality as well as the Bambino introduction for three months now and it seems to be resonating with the consumer. Our new stores are performing at consistently higher-than-average sales volumes with significant increases over prior year which is also helping our comparative sales trends."
Hoback added, "We continue to face big challenges on managing our labor costs so our profit flow through is not what we would like, but we are working on ways to be more efficient and to optimize our pricing strategies."
Good Times Burgers & Frozen Custard has 53 restaurants, mostly in Colorado, serving high-quality, 100% all-natural Coleman beef burgers, chicken sandwiches, and fresh frozen custard.
This press release contains forward-looking statements within the meaning of federal securities laws. The word "intend" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, which may cause Good Times' actual results to differ materially from results expressed or implied by the forward-looking statements. These risks include such factors as the uncertain nature of current restaurant development plans and the ability to implement those plans, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, and other matters discussed under the "Risk Factors" section of Good Times' Annual Report on Form 10-KSB for the fiscal year ended September 30, 2006 filed with the SEC. Although Good Times may from time to time voluntarily update its forward-looking statements, it disclaims any commitment to do so except as required by securities laws.
Contacts
Good Times Restaurants Inc.
Boyd E. Hoback, 303-384-1411
President and CEO
Christi Pennington, 303-384-1440
Executive Assistant
Commenting on the results, Boyd Hoback, President and CEO, said, "Our sales increases appear to be driven by far more than the just the success of our Bambino Burger introduction, although that has been significant. We have been on television with a new brand-building creative campaign focusing on all-natural beef and Good Times' brand personality as well as the Bambino introduction for three months now and it seems to be resonating with the consumer. Our new stores are performing at consistently higher-than-average sales volumes with significant increases over prior year which is also helping our comparative sales trends."
Hoback added, "We continue to face big challenges on managing our labor costs so our profit flow through is not what we would like, but we are working on ways to be more efficient and to optimize our pricing strategies."
Good Times Burgers & Frozen Custard has 53 restaurants, mostly in Colorado, serving high-quality, 100% all-natural Coleman beef burgers, chicken sandwiches, and fresh frozen custard.
This press release contains forward-looking statements within the meaning of federal securities laws. The word "intend" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, which may cause Good Times' actual results to differ materially from results expressed or implied by the forward-looking statements. These risks include such factors as the uncertain nature of current restaurant development plans and the ability to implement those plans, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, and other matters discussed under the "Risk Factors" section of Good Times' Annual Report on Form 10-KSB for the fiscal year ended September 30, 2006 filed with the SEC. Although Good Times may from time to time voluntarily update its forward-looking statements, it disclaims any commitment to do so except as required by securities laws.
Contacts
Good Times Restaurants Inc.
Boyd E. Hoback, 303-384-1411
President and CEO
Christi Pennington, 303-384-1440
Executive Assistant
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