Dave & Busters (PLAY) reported earnings on Mon 11 June 18 (a/h)

** charts before earnings **

** charts after earnings **

 

Dave & Busters beats by $0.12, beats on revs; reaffirms FY19 revs guidance 

• Reports Q1 (Apr) earnings of $1.04 per share, $0.12 better than the Capital IQ Consensus of $0.92; revenues rose 9.2% year/year to $332.2 mln vs the $321.57 mln Capital IQ Consensus.
• Comparable store sales decreased 4.9%. Comparable store sales decrease was driven by a 4.8% decrease in walk-in sales and a 6.4% decrease in special events sales.
• Co opened six new stores during the quarter.
• Coreaffirms guidancefor FY19, sees FY19 revs of $1.2-$1.24 bln vs. $1.23 bln Capital IQ Consensus Estimate. Expects comparable store sales to decrease in the low-to-mid single digits. Expects to open 14-15 new stores. Sees net income of approx $95-$110 mln.