Earnings Labs

Good Times Restaurants Inc. (GTIM)

Q4 2021 Earnings Call· Thu, Dec 16, 2021

$1.30

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Transcript

Operator

Operator

Good afternoon, ladies and gentlemen. Welcome to the Good Times Restaurants Inc. Fiscal 2021 Fourth Quarter Earnings Call. By now, everyone should have access to the Company's earnings release and 10-Q filing, which are available in the Investors section of the Company's website. As a reminder, a part of today's discussion will include forward-looking statements within the meaning of federal securities laws. These forward-looking statements are not guarantees of future performance, and therefore, you should not put undue reliance on them. These statements are also subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect, and therefore, investors should not place undue reliance on them. And the Company undertakes no obligation to update these statements to reflect the events or circumstances that might arise after this call. The Company refers you to their recent SEC filings for a more detailed discussion of the risks that could impact our future operating results and financial conditions, including risks related to the COVID-19 pandemic. Lastly, during today's call, the Company will discuss non-GAAP measures, which they believe can be useful in evaluating our performance. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with GAAP and reconciliation to comparable GAAP measures available in our earnings release. And now, I would like to turn the call over to Ryan. Please go ahead, sir.

Ryan Zink

Management

Thank you, [ph]Tamia. And thank you all for joining us on the call today. As Tamia mentioned, you should have access to our earnings release and our annual 10-K filing. You also should have access to a press release where we today announced the coming retirement of our Vice President of Operations and leader of Good Times brand Mr. Scott LeFever. Scott has been with the Company for nearly its entire existence, and indeed was a with a predecessor Company to Good Times and eventual affiliate of Good Times a concept called round the corner. Scott has been integral to the development and growth of Good Times over the years and prior to my tenure with the Company also assisted our former CEO in developing systems and processes. When the Company opened its first Bad Daddies in Colorado, Scott has been especially valuable to me as I transitioned into this role two years ago and has been an important advisor to me over that period of time. I wish Scott, the best as he transitions to a new phase of his life also is announced in that release. We do have a candidate identified who we expect to join the Company in early 2022, and ultimately expect to succeed Scott in the leadership role for the Good Times brand. We expect, expect to make an announcement in the coming weeks with more inform on this individual. As we approach the two year mark of operating under the dynamics of the COVID-19 pandemic, it becomes somewhat easy to say that the ever changing nature of operating restaurants in this environment has become a new normal, but that's certainly easier said than done. Our leaders have done a fantastic job of keeping their teams motivated through staffing and product shortages that have…

Operator

Operator

Ryan Zink

Management

Thank you again, Tamia. We're pleased with the results for fiscal 2021. And it goes without saying that these results have been driven by the hard work by a restaurant teams. If they've tackled the challenges that have accompanied this long tail of the pandemic, you again, to all of our employees, but especially to our restaurant management teams who each and every day execute our two brands with that. We will conclude today's call. Thank you all for joining us today.

Operator

Operator

That concludes the conference.