Good Times Restaurants Inc. (NASDAQ:GTIM) Q3 2023 Earnings Call Transcript

Ryan Zink: So I would refer you to our recent filing, which updates the filing of the 10-Q, which updates the procedural history. At a high level, the matter is in the appeals process. Both parties have filed one briefing on the matter and other briefings are due. And again, I’d refer you to for the specifics to the filing of our 10-Q. .

David Bastian: Thank you, Ryan. I appreciate your time.

Operator: There are no further questions at this time. Mr. Ryan Zink, I turn the call back over to you.

Ryan Zink: Thanks again, Abby. Despite the flat restaurant level margins at Bad Daddy’s, we’re encouraged by this quarter, in particular, by the rationalization of cost of sales at both brands, the sales performance at Good Times and in many restaurants at Bad Daddy’s as well. We have made a lot of investments this year in both brands, and we look for that rate of investment in existing units to slow and shift more towards growth starting in late fiscal 2024. I’d like to reiterate my thanks for the entire team of leaders and individual contributors who worked diligently to advance both of our brands in the restaurant support center and in the field. Our business is built from the hard work and the dedication of this entire team, whom I’m grateful to be in a position to lead. Thank you all for joining our call today.

Operator: This concludes today’s conference call. You may now disconnect.