05.05.2014 16:38:34
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Good Times Restaurants April Same Store Sales Rise 14.4% - Quick Facts
(RTTNews) - Good Times Restaurants Inc. (GTIM) announced that its same store sales in April, 2014 increased 14.4% over the prior year, representing a two year increase of 25.8%. The Company reported that April's 25.8% increase over the past two years is the seventh consecutive month of two-year same store increases over 20%.
The company reiterated that it will continue to report monthly same store sales only so long as they are material.
Boyd Hoback, President & CEO said, "We expected to begin to see some moderation in the rate of sales increase over prior year as we are comparing to very strong, double digit growth from last spring that began in April, however that wasn't the case and we had slightly nicer weather this year which contributed to the remarkable increase. We still expect year over year sales comps to begin to moderate somewhat for the balance of the fiscal year, but our two year trend continues to be very encouraging and it continues to translate to a dramatic increase in our restaurant profitability."
The company also said that it is planning to rollout a new television ad campaign focused on its frozen custard products later in May.
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