PLAY - Why Dave & Buster's Soared Today
2023-06-13 16:54:47 ET
Shares of Dave & Buster's (NASDAQ: PLAY) rose an impressive 19.2% on Tuesday.
The company contains both the namesake Dave & Buster's arcade-themed restaurant and the Main Event, a restaurant concept that features bowling, laser tag, and virtual reality games, which Dave & Buster's acquired this time last year.
Dave & Buster's stock had already jumped last week, after it reported mixed first-quarter results. While the company slightly missed expectations on the top line, it beat expectations for earnings per share, due to the impressive profitability brought on by the realization of merger synergies stemming from the Main Event acquisition last year.
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Why Dave & Buster's Soared Today