Pinstripes reports Q1 EPS (23c), consensus (13c)

Reports Q1 revenue $30.6M, consensus $34.2M. Same store sales decreased 2.4% over the prior year period. Dale Schwartz, Founder and CEO, stated, “Our first quarter results did not meet our expectations as we faced a challenging macro environment. Nevertheless, our team remains focused on executing on our top-line and profitability initiatives while ensuring we provide our guests with those magical moments they’ve come to expect from visiting Pinstripes.”