Good Times Restaurants to Reschedule Release of Second Quarter Earnings Results and Conference Call to May 14, 2020
May 11 2020 - 08:00AM
Business Wire
Good Times Restaurants Inc. (Nasdaq: GTIM), operator of Bad
Daddy’s Burger Bar, a full-service, upscale concept and Good Times
Burgers & Frozen Custard, a regional quick-service restaurant
chain, today announced it has rescheduled the release of its
financial results for the second fiscal quarter, which ended March
31, 2020.
The conference call has been rescheduled to May 14, 2020 at 5:00
pm ET. A press release with financial results will be issued prior
to the call.
This will provide the Company with additional time to complete
its quarter-end closing procedures, which have been delayed with
respect only to second quarter results. This delay is in connection
with our review and our auditor’s review processes related to
PP&E and intangibles impairment, which is taking longer than
usual due to uncertainties and complications associated with the
impact of the COVID-19 pandemic.
The conference call can be accessed live over the phone by
dialing (888) 339-0806 and requesting the Good Times Restaurants
(GTIM) call.
The conference call will also be webcast live from the Company's
corporate website www.goodtimesburgers.com. An archive of the
webcast will be available at the same location on the corporate
website shortly after the call has concluded.
About Good Times Restaurants Inc.: Good Times Restaurants
Inc. (GTIM) owns, operates, franchises and licenses 39 Bad Daddy’s
Burger Bar restaurants through its wholly-owned subsidiaries. Bad
Daddy’s Burger Bar is a full service, upscale, “small box”
restaurant concept featuring a chef-driven menu of gourmet
signature burgers, chopped salads, appetizers and sandwiches with a
full bar and a focus on a selection of craft microbrew beers in a
high-energy atmosphere that appeals to a broad consumer base.
Additionally, through its wholly-owned subsidiaries, Good Times
Restaurants Inc. operates and franchises a regional quick-service
restaurant chain consisting of 33 Good Times Burgers & Frozen
Custard restaurants, an upscale, quick-service restaurant concept
offering fresh, 100% all-natural, hand-crafted products located
primarily in Colorado.
Good Times Forward Looking Statements: This press release
contains forward looking statements within the meaning of federal
securities laws. The words “intend,” “may,” “believe,” “will,”
“should,” “anticipate,” “expect,” “seek” and similar expressions
are intended to identify forward looking statements. These
statements involve known and unknown risks, which may cause the
Company’s actual results to differ materially from results
expressed or implied by the forward-looking statements. These risks
include such factors as the disruption to our business from the
novel coronavirus (COVID-19) pandemic and the impact of the
pandemic on our results of operations, financial condition and
prospects which may vary depending on the duration and extent of
the pandemic and the impact of feral, state and local governmental
actions and customer behavior in response to the pandemic, the
uncertain nature of current restaurant development plans and the
ability to implement those plans and integrate new restaurants,
delays in developing and opening new restaurants because of
weather, local permitting or other reasons, increased competition,
cost increases or shortages in raw food products, and other matters
discussed under the “Risk Factors” section of Good Times’ Annual
Report on Form 10-K for the fiscal year ended September 24, 2019
and subsequent filings with the SEC. Although Good Times may from
time to time voluntarily update its forward-looking statements, it
disclaims any commitment to do so except as required by securities
laws.
Category: Financial
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version on businesswire.com: https://www.businesswire.com/news/home/20200511005146/en/
INVESTOR RELATIONS CONTACTS:
Ryan M. Zink, Chief Executive Officer (303) 384-1432 Christi
Pennington (303) 384-1440
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