Shares of Good Times Burgers & Frozen Custard got off to a good start Thursday morning.
The Lakewood-based company’s stock was up as much as 17 percent, or 80 cents, in early morning trading on news that its Good Times and Bad Daddy’s Burger Bar restaurants brought in stronger-than-expected sales for the fiscal fourth quarter and fiscal full year.
The stock closed up 7.07 percent, or 33 cents, at $5.
Good Times will have revenue of $14.6 million and $44.1 million for the quarter and the year, officials announced Thursday in reporting preliminary earnings. Analysts expected the company to post sales of $14.3 million and $43.9 million, according to Bloomberg data.
Restaurant sales totaled $8.2 million and $27.7 million for the fourth quarter and fiscal year in 2014.
Good Times’ sales were buoyed by the inclusion of Bad Daddy’s, a upscale burger chain that .
Sales for company-operated Good Times were $7.7 million and $28.5 million for the fiscal quarter and year that ended on Sept. 30. Bad Daddy’s locations brought in $6.6 million and $15 million, respectively.
Good Times also laid out the planned opening time frames for its next five Bad Daddy’s restaurants: Streets at SouthGlenn in Centennial in early December, Southwest Plaza Mall in Littleton by early January and the Village at the Peaks in Longmont in February. New restaurants located at the Shops at Briargate in Colorado Springs and in the Foothills Mall redevelopment in Fort Collins also are expected to open in early 2016, officials said.
Good Times is scheduled to deliver the full earnings report on Dec. 8.
Alicia Wallace: 303-954-1939, awallace@denverpost.com or @aliciawallace
