Good Times Restaurants Announces Fiscal 2026 Third Quarter Financial Results
Good Times Restaurants Inc. (Nasdaq: GTIM), the restaurant operator behind Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, has announced its financial results for the third quarter of fiscal 2026. The company reported a quarter marked by continued operational adjustments, improved cost management, and positive momentum from its Good Times brand as management works to strengthen overall performance.
During the fiscal 2026 third quarter, Good Times Restaurants continued focusing on improving customer engagement, driving traffic, and enhancing profitability across its restaurant portfolio. While overall revenue and sales trends reflected challenges in the current restaurant environment, the company reported encouraging progress at Good Times Burgers & Frozen Custard, where same-store sales returned to positive territory during the quarter.
For the third quarter of fiscal 2026, total revenues reached $35.2 million, representing a 5.0% decrease compared with the same period in fiscal 2025. The decline reflected ongoing pressure on sales performance, particularly at the Bad Daddy’s Burger Bar brand, as consumers remained cautious and restaurant traffic trends continued to face industry-wide challenges.
Same-store sales performance varied between the company’s two restaurant concepts. Company-owned Bad Daddy’s restaurants reported a same-store sales decrease of 2.3% during the quarter compared with the fiscal 2025 third quarter. Meanwhile, Good Times restaurants delivered improved performance, with same-store sales increasing 0.6% during the quarter.
On a year-to-date basis, same-store sales at Bad Daddy’s restaurants declined 1.5%, while Good Times restaurants recorded a 1.0% decrease. Despite these challenges, the company highlighted the positive direction of the Good Times brand and noted that recent initiatives have helped generate improved customer response.
Good Times Restaurants reported net income attributable to common shareholders of $1.9 million for the quarter. The company also generated adjusted EBITDA, a non-GAAP financial measure used to evaluate operational performance, of $2.5 million during the period.
The company maintained a strong balance sheet position at the end of the quarter, closing the period with $3.6 million in cash and only $0.3 million in long-term debt. Management said the company’s financial position provides flexibility as it continues investing in brand initiatives, marketing programs, and operational improvements.
Ryan M. Zink, Chief Executive Officer of Good Times Restaurants, expressed optimism about the company’s recent progress, particularly the performance of the Good Times brand. According to Zink, the company successfully returned Good Times same-store sales to positive growth, with momentum continuing into the fourth quarter.
A key driver behind this improvement was the launch of the company’s $2 Bambino campaign. The promotion was initially tested at select restaurants during the early part of the third quarter before expanding systemwide in June. Management reported strong customer participation in the offer, with increased adoption contributing to improved same-store sales results.
“The $2 Bambino campaign” was designed to provide customers with an attractive value offering while encouraging additional restaurant visits. Management believes the initiative has helped strengthen customer engagement and improve traffic trends at Good Times locations.
While the Good Times brand showed encouraging results, Bad Daddy’s Burger Bar continued to experience challenges. Zink noted that sales at Bad Daddy’s remain under pressure and that the company is testing several value-focused promotions designed to improve traffic and reverse recent sales trends.
The company is exploring different strategies to strengthen Bad Daddy’s performance, including promotional programs aimed at delivering greater value to guests while maintaining the brand’s focus on high-quality burgers, beverages, and restaurant experiences.
Despite the continued challenges at Bad Daddy’s, management expects overall company profitability in the fourth quarter of fiscal 2026 to improve compared with fiscal 2025. The anticipated improvement is expected to be supported by better cost management efforts and stronger sales performance from the Good Times brand.
Good Times Restaurants has continued adapting its operating strategy in response to changing consumer preferences and broader restaurant industry conditions. The company remains focused on balancing value-driven promotions with operational efficiency to enhance customer loyalty and financial performance.
The company’s leadership team also announced that it would host a conference call to discuss its fiscal 2026 third quarter financial results. The call was scheduled for Thursday, August 6, 2026, at 5:00 p.m. ET.
The conference call was hosted by Ryan M. Zink, Chief Executive Officer, and Keri A. August, Chief Accounting Officer. Investors and interested parties were able to access the call through online registration, with dial-in details provided after registration. A live webcast was also made available through the company’s investor relations website, with an archived version available following the conclusion of the event.
Looking ahead, Good Times Restaurants said it remains committed to improving operational performance, strengthening customer relationships, and identifying new opportunities for growth. With positive sales momentum emerging at Good Times Burgers & Frozen Custard and additional initiatives underway at Bad Daddy’s Burger Bar, the company continues working toward improving profitability and delivering long-term value for shareholders.
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