Good Times Restaurants Inc. Q1 FY2026 earnings call

• Craig So to realigned general manager schedules to align with peak revenue periods and improved restaurant-level training, working towards rollout of cook-to-order for all burger products.
• Good Times remains sensitive to menu price increases, with core menu pricing near the lowest premium to large competitors, and plans to use targeted value promotions starting spring and a refreshed mobile app.
• Bad Daddy's same-store sales improved in Colorado, with targeted pricing adjustments, a fall promotion featuring a giant shareable Bavarian pretzel, a holiday promotion with a chocolate cookie cheesecake, and a move to a burger of the month platform.

Bad Daddy's

• Total restaurant sales: Decreased $1.7 million to $24 million for the quarter and $2.2 million to $101.4 million for the full year.
• Same-store sales: Decreased 4.6% for the quarter; improved in Colorado restaurants in the first quarter of 2026.
• Average menu price: 0.4% higher than Q4 2024.
• Food and beverage costs: 31.6%, a 40 basis point increase from the prior year quarter, driven by record high ground beef prices and higher other protein costs.
• Labor costs: 35.7%, a 140 basis point increase from the prior year quarter.
• Occupancy costs: 6.7%, a 50 basis point increase.
• Other operating costs: 16%, an 80 basis point increase.
• Restaurant-level operating profit: Approximately $2.4 million for the quarter, 9.9% of sales, vs $3.4 million, 13.2% last year.

Good Times

• Total restaurant sales: Decreased $300,000 to $9.7 million for the quarter, increased $1.2 million to $39.2 million for the year.
• Same-store sales: Decreased 6.6% for the quarter.
• Average menu price: Same as prior year quarter, with small increases expected for 2026 and very targeted adjustments to specific menu items.
• Food and packaging costs: 32.1%, a 120 basis point increase from the prior year quarter, due to record high beef, bacon, and egg prices.
• Labor cost: 35.9%, a 200 basis point increase from the prior year quarter.
• Occupancy costs: 9.1%, a 10 basis point increase.
• Other operating costs: 15%, an 110 basis point increase.
• Restaurant-level operating profit: Decreased $400,000 to $800,000, 8% of sales vs 12% last year.

• 2026 is expected to mark improvement in same-store sales and adjusted EBITDA.
• The product and promotional roadmap at both concepts is robust and targeted towards broad guest appeal.

• Market price of the company's stock.
• Disruption from pandemics and other public health emergencies.
• Staffing constraints at restaurants.
• Supply chain constraints and inflation.
• Increased competition.
• General economic or operating conditions.
• Risks associated with share repurchase program and acquisitions.
• Adequacy of cash flows and cost/availability of capital.
• Changes in federal, state, or local laws and regulations affecting restaurants.

Q: None A: None