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Good Times reports net loss

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Good Times Restaurants Wednesday said that it saw a net loss of $1.1 million during the first quarter of 2016.

Comps at the operator’s two brands increased in the quarter ended Dec. 31, rising 4.8 percent at company-owned Good Times Burgers & Frozen Custard restaurants and 6.5 percent at company-owned units of Bad Daddy's Burger Bar, which Good Times acquired last year.

“We continue to make good progress in both brands and in laying the foundation for accelerated growth,” Good Times CEO Boyd Hoback said in a statement.

Total revenues for the operator increased 76 percent, to $13.8 million.

Good Times said it expects to open eight new Bad Daddy’s units by year’s end, as well as one new Good Times restaurant.

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