GTIM reported a mixed Q4 2024 that underscores a dual-branch portfolio: Bad Daddy’s Burger Bar sustained positive momentum, delivering a 3.2% same-store sales uplift and margin improvements, while the Good Times brand endured continued margin pressure and a flat-to-slightly negative comp backdrop. Total quarterly revenue of $35.79 million reflected a 4.3% year-over-year increase, but sequential trends weakened as Q4 QoQ revenue declined about 5.7%. For the full year 2024, GTIM achieved an all-time revenue high of approximately $142.3 million, driven primarily by Bad Daddy’s, including the Madison, Alabama opening and ongoing remodels. Despite top-line momentum, profitability remained challenged by elevated beef costs and labor/operating-cost pressures in Good Times, as well as the high fixed-cost base from remodels and acquisitions. Management signaled a deliberate capital allocation stance focused on operational excellence, remodel investments, selective re-franchising/ownership alignment, and an expanded share-repurchase program, signaling confidence in long-term value creation. In 2025, GTIM intends to scale back broad discounting in favor of menu innovation, GT Rewards growth, increased digital marketing, and a continuation of remodel-driven margin expansion, while maintaining a cautious stance on new unit development until a higher confidence threshold is met. The combined read-through is a company navigating near-term margin headwinds in Good Times while leveraging Bad Daddy’s’ improving operating performance and strategic initiatives to sustain a longer-term value creation trajectory for shareholders.