Reported Q: Q2 2024 Rev YoY: +1.9% EPS YoY: -93.8% Move: -1.64%
Good Times Restaurants
GTIM
$1.200 -1.64%
Exchange NASDAQ Sector Consumer Cyclical Industry Restaurants
Q2 2024
Published: May 2, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for GTIM

Reported

Report Date

May 2, 2024

Quarter Q2 2024

Revenue

35.45M

YoY: +1.9%

EPS

0.06

YoY: -93.8%

Market Move

-1.64%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $35.45M up 1.9% year-over-year
  • EPS of $0.06 decreased by 93.8% from previous year
  • Gross margin of 11.0%
  • Net income of 618.00K
  • ""I’m pleased with the sales results from both brands, with Good Times delivering its eighth consecutive quarter of same-store sales growth, posting 0.9% for the quarter and a 2-year stack for the quarter of 8.5%"" - Ryan Zink
GTIM
Company GTIM

Executive Summary

Good Times Restaurants Inc. (GTIM) reported QQ2 2024 total revenues of $35.448 million, up 1.9% year over year, driven by continued franchise/brand momentum at Good Times and modest uplift from Bad Daddy’s compensated by a 3.2% same-store sales decline at Bad Daddy’s. Good Times delivered 0.9% same-store sales growth in the quarter (with a 2-year stack of 8.5%), while Bad Daddy’s experienced pressure from a softer guest cycle but showed a sequential improvement versus the prior quarter. Despite top-line resilience, the company posted a modest operating profit of $0.551 million and a net income of $0.618 million, with EBITDA of $1.502 million (EBITDA margin ~4.24%). The bottom-line strength was helped by a favorable tax treatment noted in the quarter, contrasting with a hefty year-ago benefit that skewed YoY comparisons. Management stressed a disciplined operational agenda focused on labor management, menu/price discipline, and selective capex as levers to drive margin and throughput over the balance of FY2024.

Key Performance Indicators

Revenue
Increasing
35.45M
QoQ: 6.91% | YoY: 1.91%
Gross Profit
Decreasing
3.94M
11.02% margin
QoQ: 29.32% | YoY: -0.18%
Operating Income
Decreasing
551.00K
QoQ: 247.33% | YoY: -32.56%
Net Income
Decreasing
618.00K
QoQ: 211.15% | YoY: -94.18%
EPS
Decreasing
0.06
QoQ: 213.50% | YoY: -93.83%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 34.28 -0.06 -3.3% View
Q1 2025 36.33 0.02 +9.6% View
Q4 2024 35.79 0.02 +4.3% View
Q3 2024 37.94 0.12 +6.5% View
Q2 2024 35.45 0.06 +1.9% View