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PLAY - Dave & Buster's Earnings: One Big Step Closer to Normal
Dave & Buster's Entertainment Inc.
Dave & Buster's Entertainment (NASDAQ: PLAY) isn't setting sales records as of early 2021, but it just took a big step toward that milestone. The restaurant chain's latest earnings report revealed slowing revenue declines as stores reopened following pandemic shutdowns. Management's new outlook implies an imminent end to the slump, while profitability is benefitting from deep cost cuts over the past year.
But is that news good enough to justify its surging stock price since the plunge in early 2020? Let's take a closer look.