Good Times Hits Another Double Double

GOLDEN, Colo.--(BUSINESS WIRE)--

Good Times Restaurants Inc. GTIM, operator of Good Times Burgers & Frozen Custard, a regional quick service restaurant chain focused on fresh, high quality, all natural products and of Bad Daddy's Burger Bar, a full service, upscale concept today announced that its same store sales increased 12.6% in May, 2014 over the prior year's increase of 16.1%, representing a two year increase of 28.7%, the eighth consecutive month of two-year same store increases over 20%. The Company reiterated that it will continue to report monthly same store sales only so long as they are material.

Boyd Hoback, President & CEO said, “Well, there's been no moderation of our sales increase trend yet, but I want to reiterate that our pace of increases will inevitably begin to flatten out. However, we have successfully established a much higher foundation of sales and significant expansion in our restaurant profit margins with over fifteen consecutive quarters of same store sales increases. I wish I could point to one driver of our sales increases, but it continues to be the cumulative effect of driving our overall brand position initiatives deeper combined with a high level of execution and upgrading our graphics and building standards to a consistent level. Kudos go to our operations team for consistently delivering on our core customer experience that we believe is better than any of our competitors as well as effectively executing new product rollouts. Our remodeling and reimaging program is on track with approximately 50% of our planned stores completed and we are excited about our summer frozen custard promotion with television ad support featuring Truffle Spoonbenders and our lineup of Banana Shake flavors.”

The Company also said it expects to open its second Bad Daddy's Burger Bar restaurant in Colorado on or about July 21 in Northglenn, Colorado and is planning a third to open prior to the end of this calendar year as a licensee of the Bad Daddy's concept through its wholly owned subsidiary BD of Colorado LLC.

About Good Times Restaurants Inc.: Good Times Restaurants Inc. GTIM operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants located primarily in Colorado, in its wholly owned subsidiary, Good Times Drive Thru Inc. Good Times provides a menu of high quality all natural hamburgers, 100% all natural chicken tenderloins, fresh frozen custard, fresh cut fries, fresh lemonades and other unique offerings. Good Times currently operates and franchises 36 restaurants.

GTIM owns and operates Bad Daddy's Burger Bar restaurants as a licensee through its wholly owned subsidiary, BD of Colorado LLC and plans to franchise Bad Daddy's Burger Bar restaurants through its 48% ownership of Bad Daddy's Franchise Development LLC. Bad Daddy's Burger Bar is a full service, upscale, “small box” restaurant concept featuring a chef driven menu of gourmet signature burgers, chopped salads, appetizers and sandwiches with a full bar and a focus on a selection of craft microbrew beers in a high energy atmosphere that appeals to a broad consumer base.

Good Times Forward-Looking Statements: This press release contains forward-looking statements within the meaning of federal securities laws. The words “intend,” “may,” “believe,” “will,” “should,” “anticipate,” “expect,” “seek” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, which may cause the Company's 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-K for the fiscal year ended September 30, 2013 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.