Aggressive discounting takes a toll on Good Times Restaurants

• Good Times Restaurants (NASDAQ:GTIM) reports same-store sales increased 3.6% at Bad Daddy's Burger Bar restaurants in FQ2 to help offset a 2% drop at Good Times stores.
• Aggressive competitive discounting by large competitors in the sector was cited as a negative factor during the quarter.
• Separately, the company announced that it has signed six leases for new Bad Daddy’s restaurants in FY17 with six additional sites under letters of intent or in final negotiation.