Dave & Buster’s Entertainment (NASDAQ: PLAY) reported second quarter 2020 earnings results today.
Revenues declined 85% year-over-year to $50.8 million. Comparable store sales dropped 87%.
Net loss was $58.6 million, or $1.24 per share, compared to net income of $32.4 million, or $0.90 per share, in the year-ago period.
The second quarter results were severely impacted by the COVID-19 pandemic and the resultant store closures. After having to close all its stores in March, the company managed to reopen 84 stores by the end of the second quarter. As of September 9, 89 stores had been reopened.
The company is not providing guidance for the full year of 2020 due to the prevailing uncertainty related to the pandemic.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the fourth quarter of 2020, reflecting a marked increase in merchandise sales. The results also topped analysts’
The disruption caused by coronavirus has affected almost all sectors except business service providers like Cintas Corporation (NASDAQ: CTAS), which is busy helping clients maintain hygiene and safety during the
Rite Aid Corporation (NYSE: RAD) reported a narrower loss in the second quarter of 2021. Net loss shrank to $0.25 per share in the recently ended quarter from $1.49 per