PLAY - Dave & Buster's higher after earnings Q4 update

Dave & Buster's Entertainment (PLAY) is higher after the company's update on the quarter looks better than feared. During the first five weeks of Q4 through December 6, sales recovery has moderated to overall comparable store sales down about 71% Y/Y. The net reclosure of 15 stores due to local mandates and one new store opening, leaves 90 stores open or 65% of the chain. Investors may have been factoring in a worse update. CEO update: "We believe our strong sales recovery through late October and return to store-level profitability at the majority of our re-opened stores clearly illustrates the resilience of the Dave & Buster’s brand and validates our plan for navigating through this unique environment. However, we expect our fourth quarter sales and profitability will be significantly impacted by the recent resurgence of COVID cases and resulting operating limitations imposed by local jurisdictions. Despite this temporary setback, our

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Dave & Buster's higher after earnings, Q4 update