Dave & Buster’s: Fiscal 2Q Earnings Snapshot
DALLAS (AP) _ Dave & Buster’s Entertainment Inc. (PLAY) on Tuesday reported fiscal second-quarter net income of $32.4 million.
On a per-share basis, the Dallas-based company said it had profit of 90 cents.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The owner of Dave & Buster’s, a chain of restaurants and arcades posted revenue of $344.6 million in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $345.3 million.
Dave & Buster’s expects full-year revenue in the range of $1.34 billion to $1.36 billion.
Dave & Buster’s shares have decreased roughly 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $43.71, a drop of 24% in the last 12 months.