Good Times Restaurants Stock Earnings Reports

Good Times Restaurants reported a challenging fiscal Q4 driven by soft same-store sales and significant cost inflation, especially record-high ground beef and other protein prices, which depressed profitability across both concepts. Total revenues fell ~5.1% for the quarter to $34.0M and were essentially flat for the full fiscal year versus the prior record year at $141.6M. Bad Daddy's same-store sales declined 4.6% in Q4 (with early Q1 improvement, especially in Colorado) and Good Times comps declined 6.6% in Q4 but showed sequential improvement heading into FY2026 (down ~3.6% through the first 11 weeks). Cost pressures included higher food & packaging and labor (labor ~35–36% of sales), along with increased occupancy, repair/maintenance and delivery/technology expenses. Adjusted EBITDA was negative $74,000 (versus $1.3M prior year). Balance sheet: $2.6M cash and $2.3M long-term debt at quarter end. Management outlined operational responses: stronger above-store accountability, realigning GM schedules, improved training to roll out cook-to-order burgers without sacrificing speed, cautious and targeted menu pricing (minimal across-the-board increases), targeted value promotions and enhancements to the GT rewards app. Management expects input costs to improve in Q1 2026, modest price increases (~1.7% blended expectation in Q1), G&A to run ~6–7% of revenues, and anticipates improvement in same-store sales and Adjusted EBITDA in FY2026.