FOR IMMEDIATE RELEASE

July 5, 2017

Nasdaq Capital Markets - GTIM

GOOD TIMES & BAD DADDY’S REPORT FISCAL 2017 Q3 SAME STORE SALES

Good Times’ Same Store Sales Increase 3.7%

Bad Daddy’s Adjusted Same Store Sales Increase 1.0%

(DENVER, CO) Good Times Restaurants Inc. (GTIM), operator of Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain focused on fresh, high-quality, all-natural products and of Bad Daddy’s Burger Bar, a full-service, upscale concept, today announced that its Good Times’ same store sales increased 3.7% in its fiscal third quarter ended June 27, 2017 over the prior year’s decrease of 2.0%, and its Bad Daddy’s same store sales increased 0.1% during the quarter over the prior year’s increase of 3.6%. Excluding the Cherry Creek location which continues to be severely impacted by construction in the surrounding area, Bad Daddy’s same store sales increased 1.0% for the quarter.

Boyd Hoback, President & CEO, said “We saw our fourth consecutive quarter of sequential improvement in our same store sales at Good Times, and we exceeded our expectations of 3.0% to 3.5% comps for the quarter with some further acceleration in our sales trend to +5.3% comps in June. We are very pleased with our results during the quarter, particularly given the competitive discounting environment. We completed the rollout of our hotter, cheesier burger lineup and mid-tier priced burgers in all stores at the end of March with a new television advertising campaign that began the first week of April. The price point and flavor profile have resonated with consumers as the new offering became our top selling menu item. In addition, our most recent Good Times restaurant which opened in Greeley, CO in March has continued to be one of the best performing stores in the system.”

Hoback added “Our Bad Daddy’s brand also performed very well, posting positive comp sales for the ninth consecutive quarter, and excluding our Cherry Creek location, meeting our expectations of 1-2% comps for the quarter. We opened three new Bad Daddy’s during the quarter, two in the Denver market and one in Raleigh. We are opening our next Bad Daddy’s store in Norman, Oklahoma in August and expect additional openings in September in Charlotte and Greenville, North Carolina for a total of eight new Bad Daddy’s and one new Good Times in fiscal 2017.”

About Good Times Restaurants Inc.: Good Times Restaurants Inc. (GTIM) operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants located primarily in Colorado, and in its wholly owned subsidiary, Good Times Drive Thru Inc. Good Times provides a menu of high quality all natural hamburgers, 100% all natural chicken tenderloins, fresh frozen custard, natural cut fries, fresh lemonades and other unique offerings. Good Times currently operates and franchises a total of 38 restaurants.

GTIM owns, operates, franchises and licenses 23 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.

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 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 27, 2016 filed 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.

INVESTOR RELATIONS CONTACTS:

Boyd E. Hoback, President and CEO (303) 384-1411

Jim Zielke, CFO (303) 384-1432

Christi Pennington (303) 384-1440

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
July 5, 2017


(Exact name of registrant as specified in its charter)


Nevada	000-18590	84-1133368
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

141 Union Boulevard, #400, Lakewood, Colorado 80228
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (303) 384-1400

Not applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Exhibit Number	Description
99.1	Press Release, dated July 5, 2017

		GOOD TIMES RESTAURANTS INC.


Date:	July 5, 2017	By:	/s/ Boyd E. Hoback
			Boyd E. Hoback
			President and Chief Executive Officer