Good Times Reports No Damage to Restaurants Due to Flooding in Colorado
Only Five Business Days Lost and All Employees Safe
GOLDEN, Colo.--(BUSINESS WIRE)-- Good Times Restaurants Inc. (NAS: GTIM) reported today that it only lost a total of approximately 5 ½ restaurant days of sales for its system of restaurants and no significant damage to any of its restaurants during the recent Colorado flooding. The Company said that despite the flooding, it expects to remain on track to continue its consecutive string of double digit monthly same store sales increases and its thirteenth consecutive quarter of same store sales increases.
Boyd Hoback, President & CEO said, "As everyone knows, the flooding in Colorado has been catastrophic. However, we are extremely thankful that we had no loss of life or injury amongst our employees and their families nor significant damage to any of our restaurants. While our overall sales were down a bit during the rains, our restaurant closures were limited and were a result of road closures around a few of our northern Colorado stores near roads that had been washed out that had to be closed for public safety. Our supply chain to our restaurants was uninterrupted and our normal sales trends have resumed. We, along with everyone else in Colorado, are relieved to see the sun shining again and are grateful for the tireless work of the all of the first responders and the remarkable resiliency of Coloradoans."
About Good Times Restaurants Inc.
Good Times Restaurants Inc. (GTIM) is a regional chain of quick service restaurants located primarily in Colorado providing a menu of high quality all natural hamburgers, 100% all natural chicken tenderloins, fresh frozen custard, fresh-cut fries, fresh lemonades and other unique offerings. Good Times currently operates and franchises 38 restaurants.
Bad Daddy's Burger Bar is a full service, upscale, "small box" restaurant concept featuring a chef driven menu of gourmet signature burgers, chopped salads, appetizers and sandwiches with a full bar and a focus on a selection of craft microbrew beers in a high energy, family friendly atmosphere. Bad Daddy's has received both local and national accolades for the quality and originality of its food and was most recently named a top 25 burger in the U.S. by USA Today.
Good Times Forward Looking Statements
This press release contains forward looking statements within the meaning of federal securities laws. The words "intend," "may," "believe," "will," "should," "anticipate," "expect," "seek" and similar expressions are intended to identify forward looking statements. These statements involve known and unknown risks, which may cause Good Times' actual results to differ materially from results expressed or implied by the forward looking statements. These risks include such factors as the uncertain nature of current restaurant development plans and the ability to implement those plans, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, and other matters discussed under the "Risk Factors" section of Good Times' Annual Report on Form 10-K for the fiscal year ended September 30, 2012 filed with the SEC. Although Good Times may from time to time voluntarily update its forward looking statements, it disclaims any commitment to do so except as required by securities laws.
Good Times Restaurants Inc.
Investor Relations Contacts:
Boyd E. Hoback, 303-384-1411
President and CEO
Christi Pennington, 303-384-1440
Booke & Co.
KEYWORDS: United States North America Colorado
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