Good Times Restaurants (GTIM) investor relations material

Executive summary

• Total revenues for the quarter were $35.2 million, down 5.0% year-over-year, with both Bad Daddy's and Good Times experiencing lower sales due to fewer operating weeks and reduced traffic, partially offset by menu price increases.

• Net income attributable to common shareholders rose to $1.96 million ($0.18 per share), up from $1.5 million ($0.14 per share) in the prior year, driven by improved cost controls and a gain on lease terminations.

• Adjusted EBITDA for the quarter was $2.5 million, compared to $2.1 million in the prior year.

• Good Times same store sales increased 0.6% while Bad Daddy's same store sales decreased 2.3% for the quarter.

• The $2 Bambinos promotion drove mid-single digit same-store sales growth in June and increased transaction growth in June and July.

Financial highlights

• Restaurant sales for the quarter were $35.0 million, down from $36.9 million year-over-year.

• Income from operations was $1.8 million, up from $1.2 million in the prior year quarter.

• Operating cash flow for the nine months ended June 30, 2026, increased to $3.7 million from $1.5 million year-over-year.

• Cash and cash equivalents at quarter-end were $3.6 million, with $0.3 million in long-term debt.

• Working capital deficit as of June 30, 2026, was $7.65 million.

Outlook and guidance

• Good Times brand is expected to continue positive same store sales trends into the fourth quarter.

• Overall company profitability in the fourth quarter is expected to improve year-over-year due to better cost management and improved sales at Good Times.

• The $2 Bambinos promotion may be extended beyond summer due to its success.

• Management expects ground beef costs to remain elevated for the remainder of fiscal 2026 and continues to monitor inflationary pressures.

• General and administrative expenses are expected to be 6%-7% of revenues for fiscal 2026.