Dave & Buster's (NASDAQ: PLAY) is still shrinking. The restaurant chain recently reduced its sales and profit outlook for the second straight quarter following a growth rebound in the fourth quarter of 2018.
That bounce was encouraging, but the following two reports show that the business isn't yet on a path toward consistent sales gains, and that fact is likely to push earnings lower for the third straight fiscal year.
Investors understandably had some burning questions about Dave & Buster's rebound plans and its wider growth ambitions, which CEO Brian Jenkins and his executive team sought to answer in a conference call following the earnings report. Below are a few highlights from that presentation.