Categories AlphaGraphs, Earnings

Dave and Buster’s Entertainment (NASDAQ: PLAY): Q3 2019 Earnings Snapshot

— Dave and Buster’s Entertainment, Inc. (NASDAQ: PLAY) reported net income of $0.5 million or $0.02 per share for the third quarter of 2019, vs. $0.02 per share expected.

Dave and Buster's Entertainment (NASDAQ: PLAY): Q3 2019 Earnings Snapshot

— Total sales increased 6.1% annually to $229.4 million, vs. $296.36 million expected; comparable store sales were down 4.1%

— At $39.8 million, EBITDA was down 13.5% from the year-ago period; the number of stores increased 13.6% to 134

— Expects FY19 revenues to be in the range of $1.347 billion to $1.354 billion, vs. the previous range of $1.338 – $1.359 billion

— Forecasts full-year comparable store sales to be down 3%-2.5%, compared to the earlier outlook for a 3.5%-2.0% fall

— Looking for earnings between $94 million and $98 million, compared to the earlier forecast of $91-$100 million

— Expects EBITDA of $275-$280 million for 2019; looking to open 16 new stores this year

— Repurchased 2.4 million shares for $97 million; raised quarterly cash dividend by 7% of $0.16 per share

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