Overview

* Good Times fiscal Q3 revenue falls 2.4% yr/yr to $37 mln

* Net income for fiscal Q3 was $1.5 mln, despite revenue decline

* Company hires new marketing director, launches new Good Times campaign

Outlook

* Company revisiting strategy to address sales declines

* Good Times launching new brand campaign in August

* Company focused on improving unit-level economics

* Good Times addressing traffic trends at both brands

Result Drivers

* SALES DECLINE - CEO Ryan M. Zink notes disappointing sales results, particularly for Good Times brand, with significant drop in same-store sales

* COST CONTROLS - Bad Daddy's brand strengthened bottom-line results through good controls and reductions in general and administrative costs

* MARKETING STRATEGY - Co hires Jason Murphy as Senior Director of Marketing to oversee new brand campaign and address sales declines

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $37 mln

Revenue

Q3 Net $1.50

Income mln

Q3 $2.20

Adjusted mln

EBITDA

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)