Good Times Restaurants Inc. (GTIM) yesterday announced that year-over-year same store sales for its fourth fiscal quarter ended September 28, 2021 decreased 0.2% for its Good Times brand and increased 22.8% for its Bad Daddys brand
Declares Quarterly Dividend; Announces Additional $750 Million Share Repurchase Authorization; And Increases Fiscal 2022 Outlook
Board increases quarterly dividend to pre-pandemic level of $1.30 per share
The Company recorded net income of $926 thousand for the fourth quarter of fiscal 2021 compared to net income of $31 thousand for the same period of the prior year.
Second quarter 2021 comparable restaurant revenue increased 66.3% over the same period in 2020, and decreased 2.4% compared to the same period in 2019;
Brinker International's Company sales in the fourth quarter of fiscal 2021 increased to $990.9 million as compared to $553.1 million in the fourth quarter of fiscal 2020. Brinker's Company sales in fiscal 2021 increased to $3,279.0 million as compared to $3,004.9 million in fiscal 2020.
Net Revenue Growth of 43% and Organic Growth of 23% – Adjusted EBITDA Growth of 78%
Sales for the Quarter Exceed 2019 Levels by Nearly 10%
Total revenues for the 13 weeks ended July 3, 2021 were $42,965,000 versus $7,199,000 for the 13 weeks ended June 27, 2020. The 13 weeks ended July 3, 2021 includes revenues of $2,141,000 related to Blue Moon Fish Company, which was acquired on December 1, 2020.
Income from Continuing Operations was $2.7 Million for the Second Quarter of 2021 Compared to a Loss in the Prior Year