Good Times Restaurants Inc., headquartered in Golden, Colo., operates in the challenging restaurant industry. Known for its restaurant chain Good Times Burger and Frozen Custard, the company is committed to delivering high-quality, fresh, and affordable food experiences.
With their base on NASDAQ under the stock ticker GTIM, Good Times Restaurants employs approximately 1,484 staff members. In the face of numerous market forces, it successfully reported a revenue of $138.2 million in the recent fiscal year. While primarily serving the food services and drinking places sector, the company’s competitive stature is noteworthy.
A snapshot of the company’s financial health reflects its resilience amidst an uncertain economic climate. Cash from operating activities stood at $9.1 million in 2021, which decreased to $5.3 million in 2022. This change is even as the company reported negative cash from financing and investing activities in the respective years. The company has financed its growth and operations with a proactive cash-management strategy, despite the financial hiccups.
However, it’s not all smooth sailing for the Golden-based food outlet. It reported an operating income of $6.9 million in 2021 and a loss of $878,000 in 2022. Additionally, the selling, general, and administrative expenses increased from $9.4 million to $10.5 million between the years. The interesting juxtaposition of growth in revenue volume from $123.9 million to $138.2 million and a net income decrease from $18.4 million to a loss of $927,000 calls for a close watch on the firm’s financial maneuvers in the coming years.
Under the able leadership of President and CEO Ryan Zink, and other noteworthy executives like Don Stack, SVP of Operations, and Matthew Karnes, SVP Finance, the company continues to navigate the market dynamics. The leadership aspires to further solidify Good Times Restaurants’ standing as a formidable player in the restaurant landscape.
Though the company has faced its share of financial turbulences, the dedication toward delivering unique food experiences and a continued strategic push for business growth demonstrate the inherent strengths of Good Times Restaurants Inc. Time will reveal how this Colorado-based company performs in the competitive restaurant industry.