Categories AlphaGraphs, Earnings, Leisure & Entertainment
Dave & Buster’s (PLAY) Q3 profit drops despite higher revenues; comp sales up 13.3%
Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY), which operates a chain of casual dining and leisure facilities, reported a sharp fall in third-quarter earnings, despite a double-digit increase in revenues. Comparable-store sales increased at a faster pace.
The Dallas-based company reported a net income of $1.92 million or $0.04 per share for the October quarter, up 82% from the prior-year profit of $10.6 million or $0.21 per share. Adjusted EBITDA moved up 32% annually to $89.9 million.
Meanwhile, third-quarter revenues climbed 51% year-over-year to $481.2 million, reflecting a 13.3% growth in comparable store sales. Both operating segments — Food and Beverages and Amusement and Other — registered double-digit growth.
Check this space to read management/analysts’ comments on Dave & Buster’s Q3 results
“Our outstanding team continues to strongly execute our integration plan and deliver exceptional results, despite the challenging macro and inflationary environment. We remain focused on driving innovation, growth, and value creation for our stakeholders. The future is incredibly bright for this new organization, and I am excited about sharing our progress with you over the next few years,” said Chris Morris, chief executive officer of Dave & Buster’s Entertainment.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%