Good Times Restaurants reports January SSS up 14.1% CEO Boyd Hoback said, “We’ve clearly reached a new base level of sales, even as we comp over larger increases last year and our core brand communications combined with meaningful product messages are working well... we anticipate that we’ll be able to maintain our positive momentum and comp sales trends driven by additional product focus in each of our menu categories."
Good Times Restaurants price target raised to $8.50 from $7.50 at Roth Capital Roth Capital increased its price target on Good Times after the company reported higher than expected revenue but lower than expected EPS. The firm expects the company to become profitable in FY15 and predicts that its earnings will grow rapidly going forward. Roth reiterates a Buy rating on the shares.
Good Times Restaurants reports Q4 EPS (2c), consensus 0c Reports Q4 revenue $8.3M, consensus $7.96M. Same store sales for company-owned Good Times restaurants increased 11.9% for the quarter on top of last year’s increase of 18.2%, which was the seventeenth consecutive quarter of increasing same store sales