Tag Archives: Boyd Hoback

Business, Finance, Occupation & Industry

Good Times Restaurants Inc. Announces Q2 Sales Increase

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By Business Wirevia The Motley Fool

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Good Times Restaurants Inc. Announces Q2 Sales Increase

GOLDEN, Colo.–(BUSINESS WIRE)– Good Times Restaurants Inc. (NAS: GTIM) today announced its same store sales for the second fiscal quarter increased 7% and 3.9% for the month of March.

Commenting on the sales increases, President & CEO, Boyd Hoback said, “We are continuing to see some acceleration in our sales from our recent menu initiatives and operational execution and are particularly encouraged by the fact that March comps include colder and wetter weather this year and the calendar shift for Easter in March this year from April last year. We’ve been able to continue our momentum in the quarter without the benefit of any meaningful media advertising, which didn’t begin until the last week of March.”

The Company reported that it has had 11 consecutive quarters of same store sales increases, including a cumulative increase of 20% in the second quarter for the last three years. Hoback added, “We hope to be able to continue our sales growth the rest of this year as we begin our first television advertising we’ve had in about three years and as both breakfast and our new All Natural Hand Breaded Chicken Tenders continue to do extremely well. The sales increases, improvement in our cash flow from operations and the recent repayment of all of our debt allow us to look to add new sites for Good Times in Colorado as we continue to evaluate a second concept that can provide additional growth for the Company.”

Good Times is a regional chain of quick service restaurants located primarily in Colorado providing a menu of high quality all natural hamburgers, 100% breast of chicken sandwiches, fresh frozen custard, fresh squeezed lemonades, fresh cut fries and other unique offerings. Good Times currently operates and franchises 39 restaurants.

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 Good Times‘ 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, 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 …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Good Times Announces Fresh New TV Campaign

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By Business Wirevia The Motley Fool

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Good Times Announces Fresh New TV Campaign

GOLDEN, Colo.–(BUSINESS WIRE)– Good Times Restaurants Inc. (NAS: GTIM) today announced that it is breaking a new television campaign next week that will begin to tell a brand story of the lengths that Good Times goes to in order to find the best fresh, all natural ingredients possible for its products.

Boyd Hoback, President & CEO said, “With limited budgets we challenged Tom Evans and Larae Netten, who have worked on Good Times‘ advertising for over fifteen years, to come up with an idea for a campaign that allows us to tell our unique product story in a totally unconventional way, but that is consistent with our heritage of fun, irreverent advertising.”

The Company said that this is the first foray back into television advertising in three years and that it is focusing predominantly on cable programming in its media buy. The campaign will highlight the introduction of Hand Breaded Springer Mountain Farms All Natural Chicken Tenderloins, specialty Meyer Natural Angus beef burgers and $2 Hatch Valley New Mexico Green Chile Breakfast Burritos.

Tom Evans, owner of Stamen Pistil Advertising and Design, added, “Our goal was to create an advertising campaign that feels decidedly hand-crafted with simple music and illustrations telling the story instead of more traditional live action advertising. We hired Jon Cannell, well known as an illustrator and designer, to draw our stories, then put those illustrations in the hands of Jason Metter, of Blue Fruit, Inc., to bring them to life using computer-based motion graphics techniques. Tom Lecher of Echo Boys, Minneapolis, arranged the music. Good Times is a highly likable brand, and this advertising reflects that quality even as it drives home a pointed product story with clearly delineated points of difference, and paints an honest picture of Good Times as a highly principled company.”

Stamen Pistil Advertising and Design is a creative branding, advertising, design and marketing communications firm founded by Tom Evans and Larae Netten in Evergreen, CO. Tom Evans provided the creative, as well as directed and wrote the campaign and Larae Netten provided art direction.

Good Times is a regional chain of quick service restaurants located primarily in Colorado providing a menu of high-quality all-natural hamburgers, 100% all-natural tenderloin sandwiches, fresh frozen custard, fresh-cut fries, fresh lemonades and other unique offerings. Good Times currently operates and franchises 39 restaurants.

This press release contains forward looking statements within the meaning of federal securities …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Good Times Restaurants Inc. Announces Repayment of All of the Company's Term Debt

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By Business Wirevia The Motley Fool

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Good Times Restaurants Inc. Announces Repayment of All of the Company’s Term Debt

GOLDEN, Colo.–(BUSINESS WIRE)– Good Times Restaurants Inc. (NAS: GTIM) today announced it has paid off all of its term debt after the closing of its most recent sale leaseback transaction.

Boyd Hoback, President and CEO said, “Our recent sale leaseback transactions over the past three months combined with the continued improvement in our cash flow from operations has enabled us to repay 100% of our bank and term debt so that the Company is now debt free, with the exception of a few smaller capitalized equipment leases and maintenance truck loans. The combination of the sustained improvement in our sales trends and cash flow from operations, a debt free balance sheet and cash on our balance sheet from our recent preferred stock transaction allows us more opportunity for growth through the development of new stores and the potential acquisition for another growth concept that we’ve diligently been pursuing.”

The Company said that the most recent sale leaseback transaction was on a restaurant recently purchased from a franchisee. Hoback added, “Due to the profitability of the restaurant we purchased and the value we were able to recognize in the 1031 exchange sale leaseback market, we expect that our return on investment on the remaining operating asset investment will be close to 100% per year with a conservative lease value relative to the sales of the restaurant. We have successfully repositioned our existing base of restaurants through the sale of a few underperforming stores for cash and the repurchase and sale leaseback of select stores and as a result we expect continued improvement in our operating margins through this fiscal year.”

Good Times is a regional chain of quick service restaurants located primarily in Colorado providing a menu of high quality all natural hamburgers, 100% breast of chicken sandwiches, fresh frozen custard, fresh cut fries, fresh lemonades and other unique offerings. Good Times currently operates and franchises 39 restaurants.

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 Good Times‘ 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, delays in developing and opening new restaurants because of weather, …read more
Source: FULL ARTICLE at DailyFinance