恋上餐厅 2024年度报告

FORM 10-K (Mark One) Commission file number 000-18590 Good Times Restaurants Inc.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(g) of the Act: Indicate by check mark whether the registrant has submitted electronically every interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b) by the registered public If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☑ As of April 1, 2025 (the last business day of our most recently completed second fiscal quarter), the aggregate market value of the7,896,815 shares of common stock held by non-affiliates of the registrant was $20,057,910. As of December 22, 2025, the registrant had 10,557,896 shares of common stock outstanding. Documents Incorporated by Reference Certain information required by Part III of this Annual Report on Form 10-K is incorporated by reference herein from the registrant’sdefinitive proxy statement relating to our 2026 Annual Meeting of Shareholders to be filed with the Securities and Exchange Commission Item 10Directors, Executive Officers and Corporate Governance34Item 11Executive Compensation34 Table of Contents PART I ITEM 1. Our Company Good Times Restaurants Inc., a Nevada corporation formed on October 6, 1996, operates Bad Daddy’s Burger Bar restaurants (“BadDaddy’s”) and Good Times Burgers & Frozen Custard restaurants (“Good Times”). Bad Daddy’s and Good Times are two distinctlydifferent restaurant concepts. Each is positioned as a unique brand within its respective segment of the industry. Bad Daddy’s operates in Through our wholly owned subsidiaries (the “Subsidiaries”), we currently own and operate or license thirty-eight Bad Daddy’s restaurantsin seven states. We own and operate fourteen Bad Daddy’s restaurants in North Carolina, nine in Colorado, four in Georgia, four in SouthCarolina, three in Alabama, two in Tennessee and one in Oklahoma. We license the Bad Daddy’s brand to a third-party licensee who ownsand operates the Bad Daddy’s restaurant located in the Charlotte Douglas International Airport. We currently own and operate or franchise thirty Good Times restaurants. Of these restaurants, twenty-eight are in Colorado. Two of therestaurants are in Wyoming and are “dual brand” concept restaurants operated by a franchisee of both Good Times and Taco John’s. The terms “we,” “us,” “our,” the “Company,” “Good Times” and similar terms refer to Good Times Restaurants Inc., a Nevadacorporation, and its consolidated subsidiaries. Unless otherwise indicated or the context otherwise requires, financial and operating data in The Company’s fiscal year is a 52/53-week year ending on the last Tuesday of September. In a 52-week fiscal year, each of the Company’squarterly periods is comprised of 13 weeks. The additional week in a 53-week fiscal year is added to the first quarter, making such quarterconsist of 14 weeks. Fiscal year 2025 ended on September 30, 2025 (“fiscal 2025”) and covered a period of 53 full calendar weeks. Fiscal Fiscal 2025 Financial & Brand Highlights ●Our net revenues for fiscal 2025 decreased by $750,000 (0.5%) to $141,630,000 from $142,380,000 in fiscal 2024. ●Same store sales decreased by 2.1% at our Bad Daddy’s brand during fiscal 2025. ●Same store sales decreased by 5.0% at our Good Times brand during fiscal 2025. ●We ended fiscal 2025 with $2.6 million in cash and $2.3 million in long-term debt. Same store sales is a metric used in evaluating the performance of established restaurants and is a commonly used metric in the restaurantindustry. Same store sales for our brands are calculated using all Company-owned units open for at least eighteen full fiscal months anduse the comparable operating weeks from the prior year to the current