Golden-based Good Times Restaurants Inc. — buoyed by adding breakfast offerings — on Monday reported an increase in profits in the third quarter of 2013.
The regional fast-food chain reported same store-net revenues of $6.5 million in third quarter 2013 compared with $5.2 million in the same period in 2012.
Net income rose to $234,000 from $84,000; income per share was 4 cents in the 2013 quarter compared with zero in the third quarter of 2012.
“This is the first full quarter this year that we’ve been able to realize the full profit flow-through on the significant same-store sales increases we’ve had the last several months, including our new breakfast day-part that is performing above expectations,” said Boyd Hoback, the company’s chief executive officer said in a statement.
“It is particularly important that most of our sales increases are coming from increased traffic and not pricing,” Hoback said.
In July, Good Times announced that it was with the proceeds going to the development of .
“We will experience some start-up expenses and losses as we gear up for the expansion of the Bad Daddy’s franchise development,” Hoback said.
In 2012, the
