Price action over last quarter: Up 55.78%
Company Profile
Dave & Buster s Entertainment Inc owns and operates nearly a hundred entertainment and dining establishments in the United States where customers can eat, drink, play games, and watch televised sports. The play division includes amusement, simulation, and video games, accounts for more than half of total company revenue. Food and beverage accounts for the rest. About one third of food and beverage revenue comes from alcoholic drinks, with the rest coming from food and nonalcoholic beverages.
Dave & Buster s earnings not as bad as feared Published: Dec. 10, 2020 at 4:25 p.m. ET By Resize icon
Dave & Buster s Entertainment Inc. reported a smaller loss than expected, while its third-quarter revenue was roughly in line with analysts consensus.
The company logged a $48 million loss, or $1.01 a share, in the three months ended Nov. 1, whereas profit a year ago was $482,000, or 2 cents a share. According to FactSet, analysts were expecting a loss of $1.11 a share.
Revenue fell 64% to $109.1 million. Analysts were expecting $109.4 million.
Dave & Buster s said 104 of its stores were open at the start of November. Sixty-eight stores had positive store-level earnings before interest, taxes, depreciation and amortization for the third quarter, Chief Executive Brian Jenkins said in prepared remarks.