PLAY - Dave & Buster's drives higher on strong sales return to pre-pandemic traffic

Dave & Buster's shares opened sharply higher on Tuesday after touting strong sales and profits for the first quarter. The Dallas-based restaurant and entertainment company posted GAAP EPS of $1.35, above the bat set by Wall Street by $0.19. Meanwhile, 70% revenue growth to $451.1M moved past estimates by $10.47M. Comparable sales were a considerable bright spot, jumping 10.9% compared with the same period in pre-pandemic 2019. “We set records for revenue, net income and Adjusted EBITDA in the first quarter indicating a return to a normalized operating environment,” CEO Kevin Sheehan said. “We are excited about the trajectory of our business and particularly the next few months as we begin our “Summer of Games” roll-out that we hope will drive even more visitation to our stores.” He added that the acquisition of Main Event is only going to add momentum into the remainder of the year as consumers call

For further details see:

Dave & Buster’s drives higher on strong sales, return to pre-pandemic traffic