PLAY - Why Dave & Buster's Thinks Higher Profits Are Here to Stay
Despite a huge run-up in the stock of Dave & Buster's (NASDAQ: PLAY) this past year, investors found reasons to celebrate the company's latest earnings report. Sure, the chain isn't yet back to setting sales records after COVID-19 shutdowns sent customer traffic plummeting last year. But that full rebound is in sight, and so is potentially higher profitability from here on out.
In a conference call with Wall Street analysts, CEO Brian Jenkins and his team detailed that possible earnings boost while expressing caution about cost spikes over the short term. Let's look at a few highlights from that presentation as it relates to investors' hopes for big gains from this popular stock.
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Why Dave & Buster's Thinks Higher Profits Are Here to Stay