Dave & Buster’s Q1 report came out yesterday, and to say that it was disappointing would be an understatement. Shares floundered on the news, with PLAY stock currently down more than 20% twenty-four hours later.
Here’s what we know.PLAY Stock Goes For a Slide
On Tuesday, June 11, Dave & Buster’s Entertainment (NASDAQ:PLAY), a restaurant and arcade chain, released its fiscal Q1 results. There were some major expectations for this report in terms of revenue figures and same-store sales—and the Dallas, Texas company missed on both.
According to Dave & Buster’s ...