Good Times Restaurants Inc. Reports Improved Sales

Good Times Restaurants Inc.

today announced that its same store sales declines have reversed to a positive trend, from a decline of 1.7% in July to increases of +.4% in August and approximately +7% in September. Commenting on the recent same store sales trends, President & CEO Boyd Hoback said, “Our recent turnaround in sales trends reflects traction with consumers around several menu initiatives over the last six months including establishing our longer term value proposition around $2.89 Craver Combos, introducing Fresh Cut Fries and Hand Spun Custard Shakes and other product enhancements to improve and differentiate Good Times from the mainstream fast food pack. We recently rolled out Sweet Potato Waffle Fries as a seasonal limited time offering and are seeing very good results and anticipate that we will be able to continue to see improvements from last year's poor sales trend. We have additional product launches planned and a new strategic marketing team that will leverage our historical brand personality.” The Company also reported that it is continuing to seek and negotiate strategic financing alternatives for additional growth and working capital.