Dave & Busters Entertainment Inc PLAY Shares traded lower in Wednesday’s after-hours session after the company reported financial results.
Dave & Buster reported second-quarter revenue of $468.36 million, beating analysts’ average estimate of $432.91 million Gasoline Pro. The company’s top-line results increased 35.9% over 2019 and 24% year over year.
Total comparable sales at Dave & Buster’s branded stores increased 9.6% compared to the same period in 2019, while total comparable sales at Main Event’s branded stores increased 29.7%.
Dave & Buster reported earnings of 59 cents per share for the second quarter, down from earnings of $1.07 per share year over year.
“We’ve seen strong guest visits and spending across both brands this quarter. Our teams have continued to provide a high level of service to our guests while also beginning the process of integrating them into a company,” he said Chris MorrisCEO of Dave & Buster’s.
Dave & Buster’s said its business continued to improve during the first five weeks of the third quarter, during which comparable store sales rose 22.1% on a consolidated basis.
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PLAY prize promotion: Dave & Buster’s has a 52-week high of $52.53 and a 52-week low of $29.59.
The stock is down 2.14% in after-hours trading at press time to $43.
Photo: courtesy of Dave & Buster’s.
