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Stock impact report

Dave & Buster's Has Slashed Cash Outflow to Below $10 Million per Week [The Motley Fool]

Dave & Buster's Entertainment, Inc. (PLAY) 
Last dave & buster's entertainment, inc. earnings: 4/2 04:33 pm Check Earnings Report
US:NASDAQ Investor Relations: dave.com
Company Research Source: The Motley Fool
Dave & Buster's Entertainment(NASDAQ:PLAYBut investors were more concerned with management's plan to navigate through the temporary closure of its entire store base due to COVID-9 containment measures. In aconference call with investorsLet's look at a few key points that executives sought to get across to shareholders.Image source: Getty Images.Slashing cash outflowsAs a result of the aggressive actions we have taken and while we remain in full temporary shutdown mode, we reduced our shutdown period expense run rate to approximately $6. million per week.TherestaurantAs a result, cash outflows are averaging around $7 million each week, which should give the company flexibility to ride out even a prolonged pause in sales given its $00 million cash balance. "In the current environment," Jenkins said, "preserving liquidity is of paramount importance."Business strengthsIn 09 we achieved record sales and [adjusted earnings] results, eclipsing our recent expectation and past years' results. Show less Read more
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