PLAY - Dave & Buster's charges upward as re-opening story plays out

Dave & Buster's Entertainment (NASDAQ:PLAY) shares trend upward following the company's Q3 earnings beat. Compared to the same period in 2019, revenue grew 6.2% and comparable store sales decreased 0.4%. Excluding 7 stores located in markets that had vaccine mandates during the quarter, comparable store sales rose 1.1%. Operating income totaled 7.7% of revenue during the quarter versus 2.2% in Q3 2019 and (51.4)% in Q3 2020. Dave & Buster's board approves share repurchase program authorizing the Company to repurchase up to $100M, or 6.8% of its market cap as of Dec. 7, of its common stock through the end of FY2022. FQ4 outlook: The company expects comparable store sales to be slightly positive compared with Q4 2019 due to temporary headwinds related to Special Events comparable store sales which historically account for more revenue during Q4. Adjusted EBITDA is expected to increase by 200 bps from Q4 2019, 4

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Dave & Buster's charges upward as re-opening story plays out