PLAY - Dave & Buster's stock slides aftermarket as earnings disappoint

Dave & Buster's (NASDAQ:PLAY) stock dropped 9% aftermarket as the restaurant chain reported disappointing Q4 results. Q4 comparable store sales fell 2.6% vs. the same period in 2019 excluding 14 stores in markets that had vaccine mandates during the quarter. Including all stores, Q4 comparable store sales decreased 6.8% vs. the same period in 2019. Q4 revenue was $343.1M, down 1.1% from Q4 2019. Q4 GAAP EPS was $0.52 vs. $0.80 in Q4 2019. Interim CEO Kevin Sheehan noted continuing headwinds from COVID-19, including vaccine requirements in certain markets, during 2021. Overall comparable store sales in 2021 fell 10.6% vs. 2019. GAAP EPS in 2021 was $2.21, below consensus estimate of $2.36. 2021 revenue was $1.30B, largely in line with Street view of $1.33B. PLAY chose to continue reporting results vs. 2019 to provide a more meaningful comparison. PLAY said comparable store sales grew 5.4% through the first 8 weeks of Q1

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Dave & Buster's stock slides aftermarket as earnings disappoint