Dave & Buster’s: Fiscal 1Q Earnings Snapshot
DALLAS (AP) _ Dave & Buster’s Entertainment Inc. (PLAY) on Tuesday reported fiscal first-quarter net income of $42.4 million.
The Dallas-based company said it had net income of $1.13 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The owner of Dave & Buster’s, a chain of restaurants and arcades posted revenue of $363.6 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $370.5 million.
Dave & Buster’s expects full-year revenue in the range of $1.37 billion to $1.39 billion.
Dave & Buster’s shares have climbed 15% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $51.31, a rise of slightly more than 7% in the last 12 months.