Pinstripes reports Q3 EPS (19c) vs 33c last year

Reports Q3 revenue $35.5M, two estimates $36.38M. Dale Schwartz, Founder and CEO, stated, “We are pleased with our team’s ability to successfully execute on our cost reduction initiatives since the start of the fiscal year, allowing us to deliver strong third-quarter venue-level EBITDA margins of over 19%. Moreover, our new stores continued to mature as expected and delivered double-digit venue-level EBITDA margins in the quarter. While we are not satisfied with our top-line results, we continue to believe that our high-quality, connection-oriented dining, entertainment and event venues uniquely position us in the restaurant industry.”