PLAY - Dave & Buster's GAAP EPS of $1.45 beats by $0.17 revenue of $597.3M misses by $6.84M

2023-06-06 16:13:28 ET

• Dave & Buster's press release ( NASDAQ: PLAY ): Q1 GAAP EPS of $1.45 beats by $0.17 .
• Revenue of $597.3M (+32.4% Y/Y) misses by $6.84M .
• Pro forma combined comparable store sales (including Main Event branded stores) decreased 4.1% compared with the same period in 2022 and increased 10.3% compared with the same period in 2019.
• Record Adjusted EBITDA of $182.1 million in the quarter increased 29.8% from the first quarter of 2022.
• The Company repurchased 3.6 million shares in the first quarter at a total cost of $125.5 million.
• Ended the quarter with $581.7 million of liquidity, which included $91.5 million in cash and $490.2 million available under its $500 million revolving credit facility.
• Opened a new Dave & Buster's store in Puerto Rico and three new Main Event stores in Little Rock, AR, Tucson, AZ, and Lexington, KY.
• Signed two international franchise agreements for up to 15 stores in India and up to 5 stores in Australia
• Shares +1.51% .

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