The chart below shows how GTIM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GTIM sees a -6.95% change in stock price 10 days leading up to the earnings, and a +1.31% change 10 days following the report. On the earnings day itself, the stock moves by -2.39%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase Overview: Total revenues increased approximately 4.3% for the increase approximately 3% compared to fiscal 2023 to $142.3 million.
Record Total Revenues: Our 2024 total revenues are a new all-time record for the company.
Restaurant Sales Growth: Total restaurant sales increased $1 million to $25.6 million for the quarter, and increased $1.3 million to $103.8 million for the full year.
Same-Store Sales Increase: Same-store sales increased 3.2% for the quarter with thirty-eight Bad Daddy's in the comp base at quarter end.
Quarterly Net Income Summary: Net income to common shareholders for the quarter was $0.2 million or income of $0.02 per share.
Negative
Sales Increase with Decline: Total restaurant sales increased $1 million to $25.6 million for the quarter, but same-store sales decreased 0.1% compared to the prior year.
Menu Price Increase: The average menu price during the quarter was 5.3% higher than Q4 of 2023, indicating increased pricing pressure.
Restaurant Closure Impact: We closed the Longmont restaurant during the quarter, which impacted sales and was a perennial underperformer.
Same-Store Sales Increase: Same-store sales increased 3.2% for the quarter, but we continue to expect some unfavorable comparisons due to holiday shifts.
Labor Cost Reduction: Labor costs decreased by two hundred basis points compared to the prior year quarter to 34.3%, but this decrease is primarily due to higher team member productivity.
Good Times Restaurants Inc. (GTIM) Q4 2024 Earnings Call Transcript
GTIM.O
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