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Dave & Busters Entertainment (PLAY)
NASDAQ:PLAY
Earnings Data
Report Date
Apr 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.7Last Year’s EPS
0.88Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 10, 2024
|% Change Since: -46.11%
|Next Earnings Date:Apr 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant progress in strategic initiatives and financial performance improvements compared to 2019, despite some challenges with comparable store sales declines and a net loss in the third quarter. The positive momentum in remodels, share repurchases, and strategic initiatives outweigh the lowlights.Company Guidance
During the Dave & Buster's Third Quarter 2023 Earnings Conference Call, the company provided guidance on their financial and strategic initiatives. They reported third-quarter revenue of $467 million and adjusted EBITDA of $82 million, which, although slightly below the previous year, showed significant growth compared to 2019 figures, even after accounting for the acquisition of Main Event. The company highlighted a 390 basis point improvement in adjusted EBITDA margins relative to 2019, almost doubling their previously targeted 200 basis point improvement. They emphasized progress in their six key organic growth initiatives, including marketing optimization, strategic game pricing, enhanced food and beverage offerings, remodels, special events, and technology enablement. Dave & Buster's also reported positive developments in their special events sector, with a 4.8% year-over-year increase in comparable sales and confidence in surpassing 2019 levels in the fourth quarter. They continue to focus on cost efficiency, expansion, and strategic investments, including the planned opening of 16 new stores in fiscal 2023, 15 new locations in 2024, and an accelerated remodel plan aiming for 40 to 45 stores by the end of 2024. Additionally, the company remains committed to achieving a $1 billion adjusted EBITDA target and is confident in the long-term growth and shareholder value creation through these initiatives.Strong Revenue and EBITDA Growth
Generated revenue of $467 million and adjusted EBITDA of $82 million, both slightly below last year but significantly above 2019 levels.
Expansion of Adjusted EBITDA Margins
Adjusted EBITDA margins increased by 390 basis points compared to 2019, nearly double the previously communicated goal of 200 basis points.
Successful Strategic Initiatives
Key growth initiatives in marketing, pricing, food and beverage, remodels, and special events showing positive results, with plans for broader rollout.
Remodel Program Success
The remodel of the Friendswood store exceeded expectations with a double-digit sales uplift and over 30% sales uplift compared to 2019.
Significant Share Repurchases
Repurchased $100 million worth of shares in the third quarter, totaling 17.5% of shares outstanding year-to-date in 2023.
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PLAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PLAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 10, 2024 | $36.80 | $29.41 | -20.08% |
| Sep 10, 2024 | $29.86 | $31.25 | +4.66% |
| Jun 12, 2024 | $50.35 | $44.84 | -10.94% |
| Apr 02, 2024 | $61.91 | $68.29 | +10.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dave & Busters Entertainment (PLAY) report earnings?
Dave & Busters Entertainment (PLAY) is schdueled to report earning on Apr 07, 2025, TBA Not Confirmed.
What is Dave & Busters Entertainment (PLAY) earnings time?
Dave & Busters Entertainment (PLAY) earnings time is at Apr 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLAY EPS forecast?
PLAY EPS forecast for the fiscal quarter 2024 (Q4) is 0.7.
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