Dave & Buster's Reports Q4 Results: EPS Misses, Revenue Misses
Portfolio Pulse from Erica Kollmann
Dave & Buster's Entertainment Inc (NASDAQ:PLAY) reported Q4 earnings of $1.03 per share, missing the consensus estimate of $1.10, and quarterly sales of $599.1 million, slightly below the estimate of $602.609 million. Comparable store sales decreased 7% year-over-year but increased 8% compared to 2019. The company repurchased 8.5 million shares for $300 million and increased its share repurchase authorization by $100 million to $200 million. CEO Chris Morris highlighted the opening of six new stores, a new international agreement, growth in Adjusted EBITDA margins, and a strong foundation for future growth.
April 02, 2024 | 8:31 pm
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Dave & Buster's missed Q4 EPS and revenue estimates, reported a decrease in comparable store sales year-over-year but an increase compared to 2019, repurchased shares, and increased share repurchase authorization.
The missed EPS and revenue estimates could negatively impact investor sentiment in the short term. However, the share repurchase and increased authorization indicate the company's confidence in its future, potentially offsetting negative impacts. The mixed comparable store sales results add complexity to the short-term outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100