PLAY - Why Dave & Buster's Stock Rallied Today
Shares of Dave & Buster's Entertainment (NASDAQ: PLAY) climbed on Friday following the release of the restaurant chain's second-quarter results. As of 1:55 p.m. EDT, the stock's price was up 3.6% after rising as much as 15.9% earlier in the day.
Dave & Buster's sales rebounded sharply from their lows during the early stages of the COVID-19 crisis when it was forced to close its stores due to social distancing guidelines. In all, revenue soared 642.9% to $377.6 million.
Notably, Dave & Buster's revenue was also up 9.6% when compared to its pre-pandemic results in Q2 2019, driven in part by a 3.6% rise in comparable-store sales.
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Why Dave & Buster's Stock Rallied Today