Categories AlphaGraphs, Consumer, Earnings

Dave & Buster’s (PLAY) Q1 profit more than doubles; revenue up 70%

Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY), which operates a chain of casual dining and leisure facilities, reported stronger-than-expected earnings and revenues for the first quarter of 2022 as comparable-store sales recovered from the recent slump.

The Dallas-based company reported a net income of $66.9 million or $1.35 per share for the April quarter, compared to $19.6 million or $0.40 per share in the same period of 2021. The latest number also came in above the consensus forecast.

The positive bottom-line performance reflects a 70% surge in revenues to $451.1 million amid strong performance by both the operating segments. Comparable store sales moved up 10.9% compared with the first quarter of 2019.

“As demonstrated by our first-quarter results, our teams continue to execute on our initiatives to drive organic growth, improve profitability, and produce significant cash flow from the business. We have significant upside potential and with our continued focus on innovation, growth, and value creation, we are determined to deliver on that potential,” said Kevin Sheehan, interim chief executive officer of Dave & Buster’s Entertainment.


Read management/analysts’ comments on Dave & Buster’s Q1 results


Shares of Dave & Buster’s have gained around 13% in the past six months. The stock traded higher in early trading on Tuesday after closing the previous session higher.

Prior Performance

  • Dave & Buster's Entertainment Q3 2021 earnings infographic

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

Most Popular

Key takeaways from Kroger’s (KR) Q1 2025 earnings report

The Kroger Co. (NYSE: KR) recently reported mixed results for the first quarter of fiscal 2025, with earnings beating estimates and sales missing. The grocery giant’s stock rose following the

What to expect when McCormick & Company (MKC) reports Q2 2025 earnings results

Shares of McCormick & Company, Incorporated (NYSE: MKC) gained over 1% on Monday. The stock has dropped 7% over the past three months. The condiments maker is slated to report its second

Earnings Preview: Paychex (PAYX) looks set to end FY25 on a strong note

Paychex Inc. (NASDAQ: PAYX) has benefited from the stable labor market and resilient customers, despite inflationary pressures and the challenging economic environment. The company is leveraging its strong fundamentals and

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