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Pinstripes (PNSTQ)
OTHER OTC:PNSTQ
US Market
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Pinstripes (PNSTQ) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Period Ending
Consensus EPS Forecast
Last Year’s EPS
Same Quarter Last Year
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Earnings Call Summary

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Earnings Call Date:|
% Change Since:
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Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive and negative aspects. While there were significant improvements in profitability and revenue growth, challenges such as negative same-store sales and increased operating costs persisted. Liquidity remains tight, and leadership changes could pose concerns.
Company Guidance
During the third quarter of fiscal 2025, Pinstripes Holdings observed significant profitability improvements, with a venue-level EBITDA margin of 19.2% and adjusted corporate EBITDA of $2.7 million, marking their best corporate profitability quarter in two years. The company also reported a 10.4% increase in total revenue, reaching $35.5 million, largely driven by a 10.5% increase in food and beverage revenues and a 10.3% increase in recreation revenues. Despite facing negative same-store sales in the mid- to high-teens initially, strategic adjustments led to an improvement to a negative 7% range by the end of the quarter. Pinstripes managed to remove $10 million in annualized cost savings at the store level and $4 million from SG&A, contributing to their profitability. Looking ahead, the company remains focused on enhancing topline growth while maintaining their cost structure, as they continue to explore strategic alternatives to improve liquidity, having secured an additional $6 million funding from Oaktree.
Record Corporate Profitability
Third quarter fiscal 2025 marked the best corporate profitability in two years with adjusted EBITDA of $2.7 million.
Strong Venue-Level EBITDA Margins
Venue-level EBITDA margins exceeded 19%, indicating strong operational efficiency.
Revenue Growth
Total revenue increased by 10.4% to $35.5 million, with both food and beverage and recreation revenues seeing over 10% growth.
Cost Reductions Achieved
Achieved $10 million in annualized cost savings at the store level and $4 million in SG&A cost reductions, leading to improved profitability.
New Store Opening
Opened 18th location in Walnut Creek, California, contributing to revenue and future growth potential.

Pinstripes (PNSTQ) Earnings, Revenues Date & History

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PNSTQ Earnings History

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