Good Times Restaurants Inc. today announced its eleventh consecutive month of same store sales increases with June sales increasing 5.1% from the prior year and that its same store sales for the third quarter of fiscal 2011 increased 6.1%. Year to date for the first nine months of the fiscal year same store sales have increased 8.3%.
Commenting on the sales improvement, President & CEO, Boyd Hoback said, “While there has been some rising of the tide from the macro-economic environment, we continue to see good results from our promotional and product strategy, with the focus on fresh, handcrafted food and products available only at Good Times. This has favorably impacted our average check per transaction and helped to mitigate some of the commodity cost increases and margin loss.”
The Company also reported that in addition to its planned rollout of new menu boards to all of its restaurants in the next few months, it has several new products and menu reformulations in development. Hoback added, “We are excited about several permanent and limited time offer products that we plan to bring to market during the several months, along with the re-engineering of a few current products to improve quality and our overall food cost margin.”
Good Times is a regional chain of quick service restaurants located primarily in Colorado providing a menu of high quality all natural hamburgers, 100% breast of chicken sandwiches, fresh frozen custard, fresh squeezed lemonades and other unique offerings. Good Times currently operates and franchises 46 restaurants.