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Pinstripes (PNST)
NYSE:PNST
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.13Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jun 27, 2024
|% Change Since: -65.00%
|Next Earnings Date:Feb 21, 2024
Earnings Call Sentiment|Neutral
While the company has shown some revenue growth and cost efficiency improvements, significant challenges remain with declining open play business, increased costs, negative same-store sales, and liquidity concerns.Company Guidance
During the Pinstripes Holdings, Inc. Q2 2025 earnings call, management provided guidance centered around key financial metrics and strategic initiatives. Total revenue for the fiscal second quarter increased by 7.5% to $26.5 million, supported by an 8.6% rise in food and beverage revenues and a 3.6% increase in recreation revenues. Despite a decrease in same-store sales by 9% in Q2, recent weeks showed a 10.1% improvement, indicating positive momentum. The company successfully implemented cost-saving measures amounting to $10 million annually, with further SG&A savings of $4 million expected. Venue-level EBITDA as a percentage of total revenue declined to 5%, while mature stores saw an increase in contribution margins to 8.3%. Liquidity remained a focus, with $3.2 million in cash and $114 million in debt as of October 13, 2024. The company anticipates positive cash flow in the third fiscal quarter and is exploring additional capital raising options to support expansion efforts. Overall, Pinstripes aims to leverage its high-quality offerings to enhance long-term shareholder value amidst challenging market conditions.Revenue Growth
Total revenue increased by 7.5% to $26.5 million in Q2 2025, compared to $24.6 million in the same quarter last year.
Cost Efficiency Improvements
Achieved annualized cost savings of $10 million, with additional $4 million savings targeted in SG&A.
New Venue Opening
Opened the 18th location in Walnut Creek, California, showing promising initial performance.
Event Business Performance
Strong lead generation and booking performance in the event business, showing improvement in recent weeks.
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PNST 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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PNST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 26, 2024 | $1.00 | $0.77 | -23.00% |
| Sep 04, 2024 | $2.20 | $1.70 | -22.73% |
| Jun 27, 2024 | $3.15 | $2.75 | -12.70% |
| Feb 21, 2024 | $3.20 | $3.05 | -4.69% |
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 Pinstripes (PNST) report earnings?
Pinstripes (PNST) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Pinstripes (PNST) earnings time?
Pinstripes (PNST) earnings time is at Feb 19, 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 PNST EPS forecast?
PNST EPS forecast for the fiscal quarter 2025 (Q3) is -0.13.
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