Good Times Restaurants Inc. (NASDAQ:GTIM) Q1 2020 Earnings Conference Call - Final Transcript

Feb 11, 2020 • 05:00 pm ET

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Good Times Restaurants Inc. (NASDAQ:GTIM) Q1 2020 Earnings Conference Call - Final Transcript

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Presentation
Executive
Ryan M. Zink

to $123 million. The revenue estimate includes same store sales assumptions for the full year of approximately 3.5% increase for Good Times. It assumes same store sales for Bad Daddy's initially decreasing at a rate of approximately 3.0% but increasing to a trend of flat by the end of the year for Bad Daddy's. It includes the addition of one new unit during the mid to late fourth quarter of the year, consistent with my earlier comments. Based upon our performance during this quarter, we've increased our full year guidance to approximately $6.3 million to $6.5 million of adjusted EBITDA and a net loss of between $0.3 million and $0.5 million.

As I mentioned at the conclusion of last quarter's call, we have a new focus on operations excellence and fiscal discipline. This first quarter represents movement in that direction, but we clearly still have much progress to make. We roll over very favorable commodity costs at Bad Daddy's from the prior year during the second quarter, which will impact year-over-year margin comparisons in that quarter. We expect, however, to begin comparing favorably from a margin basis on a year-over-year basis beginning in the third quarter as our initiatives begin to take hold and manifest themselves more prominently in our results.

With that, Sean, we will open the call for questions.