Dave & Buster's Enter Q2 2024 Adj. EPS $1.12 Beats $0.84 Estimate, Sales $557.100M Miss $560.646M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dave & Buster's reported Q2 2024 earnings per share of $1.12, surpassing the expected $0.84, but sales of $557.1 million slightly missed the $560.646 million estimate. Sales increased by 2.77% compared to the same period last year.
September 10, 2024 | 8:05 pm
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POSITIVE IMPACT
Dave & Buster's Q2 2024 earnings per share exceeded expectations, but sales slightly missed estimates. Despite the sales miss, the EPS beat could positively influence the stock price.
The significant EPS beat of 33.33% over estimates is likely to have a positive impact on the stock price, as it indicates better-than-expected profitability. The slight sales miss is less significant given the strong EPS performance, and the year-over-year sales growth of 2.77% adds a positive context.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100