Dave & Buster's Entertainment, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 29, 2023
December 05, 2023 at 04:05 pm EST
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Dave & Buster's Entertainment, Inc. reported earnings results for the third quarter and nine months ended October 29, 2023. For the third quarter, the company reported sales was USD 302 million compared to USD 315.3 million a year ago. Revenue was USD 466.9 million compared to USD 481.2 million a year ago. Net loss was USD 5.2 million compared to net income of USD 1.9 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.
For the nine months, sales was USD 1,055.9 million compared to USD 925.9 million a year ago. Revenue was USD 1,606.3 million compared to USD 1,400.7 million a year ago. Net income was USD 90.8 million compared to USD 98 million a year ago. Basic earnings per share from continuing operations was USD 2.05 compared to USD 2.02 a year ago. Diluted earnings per share from continuing operations was USD 2.01 compared to USD 1.99 a year ago.
Dave & Buster's Entertainment, Inc. is an owner and operator of entertainment and dining venues. The Company owns and operates about 223 venues in North America that offer entertainment and dining experiences to guests through two distinct brands: Dave & Busterâs and Main Event. The Company has about 164 Dave & Buster's branded stores in 42 states, Puerto Rico, and Canada and offers guests the opportunity to Eat Drink Play and Watch, all in one location. Each store offers a full menu of entrees and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an assortment of entertainment attractions centered around playing games and watching live sports and other televised events. It also operates about 59 Main Event branded stores in 20 states across the country, and offers bowling, laser tag, hundreds of arcade games, and virtual reality. Each of its locations also offers full bar service, including a variety of beers, hand-crafted cocktails, and premium spirits.
DAVE & BUSTER'S ENTERTAINMENT, INC. 
