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

Dropbox Q1 2025 adj. earnings rise 21%; revenue drops slightly

Dropbox, Inc. (NASDAQ: DBX) has reported an increase in adjusted earnings for the first quarter of 2025. Revenues decreased slightly during the three months. The tech firm, a leading cloud-based

Monster Beverage Corporation (MNST) Earnings: 1Q25 Key Numbers

Monster Beverage Corporation (NASDAQ: MNST) reported its earnings results for the first quarter of 2025. Reported net sales decreased 2.3% year-over-year to $1.85 billion. Net sales, excluding the Alcohol Brands

Infographic: How Expedia (EXPE) performed in Q1 2025

Expedia Group, Inc. (NASDAQ: EXPE) reported revenue of $2.9 billion for the first quarter of 2025, up 3% from the same period last year. Net loss attributable to Expedia Group,

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