Dave & Buster's Enter Q3 EPS $(0.12), Inline, Sales $466.91M Miss $472.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) reported a Q3 EPS of $(0.12), which was in line with analyst estimates but represented a 400% decrease from the $0.04 per share earned in the same quarter last year. The company's quarterly sales were $466.91 million, falling short of the expected $472.25 million by 1.13% and marking a 2.97% decline from the previous year's sales of $481.21 million.
December 05, 2023 | 9:07 pm
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Dave & Buster's reported Q3 EPS of $(0.12), in line with estimates, but a significant decrease from last year's earnings. Sales also missed estimates and showed a year-over-year decline.
The reported earnings per share were in line with analyst expectations, which might mitigate some negative impact. However, the significant year-over-year decrease in earnings and the miss on revenue estimates are likely to be viewed negatively by investors, potentially leading to a short-term decline in stock price.
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IMPORTANCE 80
RELEVANCE 100