Dave & Busters (PLAY) reported earnings on Tue 11 Dec 2018 (a/h)

** charts before earnings **

 

** charts after earnings **

Dave & Busters beats by $0.06, beats on revs, comps -1.3%; raises lower end of full year revenue guidance

• Reports Q3 (Oct) earnings of $0.30 per share, $0.06 better than the S&P Capital IQ Consensus of $0.24; revenues rose 12.9% year/year to $282.1 mln vs the $277.3 mln S&P Capital IQ Consensus.
  • Comparable store sales decreased -1.3%, driven by a -0.7% decrease in walk-in sales and a -6.9% decrease in special events sales. Comps in Amusements & Other increased +1.5% but decreased -5.0% in Food & Beverage.
• Co raises low end of guidance for FY18, sees FY18 revs of $1.243-1.255 bln vs. $1.25 bln S&P Capital IQ Consensus and vs prior guidance of $1.230-1.255 bln. Co guides to FY18 EBITDA of $268-277 mln vs prior guidance of $263-277 mln.
  • Guides to FY18 comps of a decrease of low single digits.
• For FY19, co guides to revenue being up high single digits with EBITDA up mid-to-high single digits.