Dave & Buster's Posts Mixed Q1 Results, Plans To Open 20 Stores In India And Australia
Portfolio Pulse from Lekha Gupta
Dave & Buster's Entertainment Inc (NASDAQ:PLAY) reported mixed Q1 2023 results, with revenues of $597.3 million missing consensus estimates. The company also announced plans to open 20 stores in India and Australia through deals with Malpani Group and NightOwl Entertainment Group.
June 07, 2023 | 9:45 am
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Dave & Buster's Q1 2023 revenues missed estimates, but the company announced plans to expand in India and Australia, potentially boosting future growth.
Dave & Buster's missed revenue estimates for Q1 2023, which could negatively impact the stock price. However, the announcement of expansion plans in India and Australia could offset this and provide potential growth opportunities, leading to a neutral short-term impact.
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