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Pinstripes (PNST)
NYSE:PNST
Earnings Data
Report Date
Jun 26, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
-0.23Last Year’s EPS
-0.22Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -30.43%
|Next Earnings Date:Jun 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments in profitability and cost savings, alongside challenges in comp growth and liquidity. While the positive aspects such as revenue growth and cost management efforts show promise, the significant issues with liquidity and negative comp trends indicate areas of concern.Company Guidance
In the third quarter of fiscal 2025, Pinstripes Holdings reported significant improvements in profitability, with venue-level EBITDA margins exceeding 19% and an adjusted corporate EBITDA of $2.7 million, marking their best corporate profitability quarter in two years. The company saw a $1.3 million improvement in venue-level EBITDA from the previous quarter, achieving over a 10% margin, excluding extraordinary expenses. However, same-store sales faced challenges, with a downturn in the mid- to high-teens initially, which improved to a negative 7% range by the end of the quarter due to adjustments in marketing and promotional strategies. Revenue for the quarter increased by 10.4% year-over-year to $35.5 million, driven by a 10.5% rise in food and beverage revenues and a 10.3% increase in recreation revenues. The company implemented $10 million in annualized cost savings at the store level and $4 million in SG&A cost reductions, contributing to a venue-level EBITDA margin of 19.2%. Pinstripes ended the quarter with $2.4 million in cash and cash equivalents and $114 million in debt, while also securing an additional $6 million funding from Oaktree to enhance liquidity.Strong Venue-Level EBITDA Margins
The company achieved venue-level EBITDA margins of over 19% and reported their best corporate profitability quarter in two years with adjusted EBITDA of $2.7 million.
Revenue Growth
Total revenue increased by 10.4% to $35.5 million compared to the same quarter last year, with a 10.5% increase in food and beverage revenues and a 10.3% increase in recreation revenues.
Cost Reduction Initiatives
Achieved $10 million in annualized cost savings at the store level and $4 million in annualized cost savings in SG&A, which have been fully implemented and are flowing through the P&L.
New Store Openings
Opened a new venue in Walnut Creek, California, marking the 18th location, and planning to open additional locations including Coral Gables and Jacksonville.
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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 |
|---|---|---|---|
| Feb 19, 2025 | $0.46 | $0.31 | -32.61% |
| 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% |
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 Jun 26, 2025, TBA Not Confirmed.
What is Pinstripes (PNST) earnings time?
Pinstripes (PNST) earnings time is at Jun 26, 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 (Q4) is -0.23.
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