Note 16 - Segment Reporting

9 Months Ended

Jun. 27, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 16. Segment Reporting

All of our Bad Daddy’s Burger Bar restaurants (Bad Daddy’s) compete in the full-service segment of the restaurant industry while our Good Times Burgers and Frozen Custard restaurants (Good Times) compete in the quick-service segment of the dining industry. We believe that providing this additional financial information for each of our brands will provide a better understanding of our overall operating results. Income from operations represents revenues less restaurant operating costs and expenses, directly allocable general and administrative expenses, and other restaurant-level expenses directly associated with each brand including depreciation and amortization, pre-opening costs and losses or gains on disposal of property and equipment. Unallocated corporate capital expenditures are presented below as reconciling items to the amounts presented in the consolidated financial statements.

The following tables present information about our reportable segments for the respective periods (in thousands):

	Quarter Ended (13 Weeks)					Year-to-Date (39 Weeks)
	June 27, 2023			June 28, 2022		June 27, 2023			June 28, 2022
Revenues
Bad Daddy’s	$	26,161		$	27,231	$	77,795		$	77,427
Good Times		9,459			9,266		26,004			25,583
	$	35,620			36,497	$	103,799			103,010
Income from operations
Bad Daddy’s	$	(946	)		635	$	(277	)		138
Good Times	$	1,390			186	$	1,645			50
	$	444			821	$	1,368			188
Capital expenditures
Bad Daddy’s	$	1,295			652	$	1,901			1,480
Good Times		302			364		1,277			471
	$	1,597		$	1,016	$	3,178		$	1,951

	June 27, 2023		September 27, 2022
Property and equipment, net
Bad Daddy’s	$	18,048	$	19,575
Good Times		3,443		2,676
	$	21,491	$	22,251