Despite Weather, Bad Daddy’s Sales Rise in Q2
Good Times Restaurants Inc., operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, announced that same store sales at its Bad Daddy’s concept increased 1.3 percent during the second quarter over the prior year’s increase of 0.2 percent, which includes the loss of the equivalent of 12 restaurant operating days caused by restaurant closures in Colorado due to the “Bomb Cyclone” weather event on March 13. Adjusted for those lost restaurant operating days, same store sales would have increased 1.8 percent during the quarter. Same store sales for its Good Times’ brand decreased 7.5 percent during the quarter over the prior year’s increase of 7.1 percent in the same quarter. Adjusted for the 30 lost restaurant operating days due to closures associated with the March 13 weather event and extended power outages at two restaurants, Good Times same store sales would have declined 5.9 percent.
Boyd Hoback, President & CEO, says, “We continue to see healthy same store sales growth in our Bad Daddy’s brand, even with the loss of sales due to harsher weather that has caused store closures in both our first and second quarters. Good Times continued to be significantly impacted by the much more inclement weather in Colorado (both in temperature and precipitation) versus last year and we attribute most, if not all, of the same store sales decline this year to the unfavorable weather. Importantly, when we compare favorably on weather our same store sales bounce back, as they have subsequent to the end of the quarter with our first stretch of warmer weather. At the beginning of the quarter we opened our thirty-fifth Bad Daddy’s restaurant, our fourth in the Raleigh, North Carolina market, which is performing well above our system average unit volume.”