Why Dave & Buster's Stock Is Trading Slightly Lower After Hours
Portfolio Pulse from Ryan Gustafson
Dave & Buster's Entertainment Inc (NASDAQ:PLAY) reported Q2 earnings of 94 cents per share, beating the analyst consensus estimate of 93 cents, and a 10.59% increase from the same period last year. However, the company's quarterly sales of $542.10 million missed the analyst consensus estimate of $559.00 million. The company ended the quarter with $572.8 million of liquidity and purchased 2.1 million shares at a total cost of $74.5 million. Despite the mixed results, the company remains confident in its growth initiatives.
September 06, 2023 | 8:38 pm
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Dave & Buster's reported mixed Q2 results with earnings beating estimates but sales missing. The company remains confident in its growth initiatives.
Dave & Buster's reported a beat on earnings but a miss on sales for Q2. This mixed result could lead to uncertainty in the market, potentially causing short-term volatility in the stock price. However, the company's confidence in its growth initiatives and its strong liquidity position could provide some reassurance to investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100