Dave & Buster’s just reported earnings, with shares initially dropping 13% following the report. Here are the key numbers:
- Revenue: $544.10 million vs. $556.83 million expected
- Adjusted EPS: -$0.27 vs. $0.19 expected
Both the top and bottom lines missed expectations, with revenue declining 2.4% year over year. Expectations were already low heading into the print, with consensus calling for roughly $0.19 per share.
Quick Read:
A double miss is hitting PLAY hard: Revenue fell about $13 million short of estimates, while the company swung to an adjusted loss versus expectations for a profit.
With shares already deeply depressed entering earnings, tonight’s 13% drop suggests investors wanted clearer evidence that Dave & Buster’s operating trends are stabilizing.