Categories AlphaGraphs, Earnings, Leisure & Entertainment

Dave & Buster’s (PLAY) swings to Q3 profit on higher revenues; results beat estimates

Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY), which operates a chain of casual dining and leisure facilities, reported net profit for the third quarter of 2021 compared to a loss last year, supported by strong revenue growth. The results also beat Wall Street’s expectations.

Dave & Buster's Entertainment Q3 2021 earnings infographic

The Dallas-based company reported a net income of $10.6 million or $0.21 per share for the October quarter, which marked an improvement from the prior-year period when it incurred a loss of $48.04 million or $1.01 per share. The latest number is also above the consensus forecast.

The positive bottom-line performance reflects a sharp increase in revenues to $317.9 million amid positive comparable store performance. The top-line also beat analysts’ estimates.

“With respect to organic growth, we will broaden our entertainment offering to include more immersive sports viewing experiences, including improvements to the watch environment and the addition of fantasy sports and in sports betting option as permitted. We also see significant opportunity to drive traffic in our off-peak days and dayparts, and we are evaluating a variety of initiatives to extract more value out of our existing stores,” said Kevin Sheehan, chief executive officer of Dave & Buster’s Entertainment, at the post-earnings conference call.


Read management/analysts’ comments on Dave & Buster’s Q3 results


Shares of Dave & Buster’s have lost more than 28% in the past six months. The stock traded higher during Wednesday’s pre-market session after closing the previous session at $32.66

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

DG Earnings: All you need to know about Dollar General’s Q1 2023 earnings results

Dollar General Corporation (NYSE: DG) reported its first quarter 2023 earnings results today. Net sales increased 6.8% year-over-year to $9.3 billion, driven mainly by positive sales contributions from new stores and

HRL Earnings: Key highlights from Hormel Foods’ Q2 2023 financial results

Hormel Foods Corporation (NYSE: HRL) reported second quarter 2023 earnings results today. Net sales of $3 billion were down 3.8% year-over-year. Net earnings attributable to Hormel Foods Corporation were $217.2

Everything you need to know about Salesforce’s Q1 2024 financial results

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in first-quarter adjusted earnings, aided by strong revenue growth. First-quarter profit, excluding non-recurring items, increased to $1.69

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top