Dave & Buster's shares jump on raised forecast after sales improved in fourth quarter [CNBC]
Dave & Buster's Entertainment, Inc. (PLAY)
Last dave & buster's entertainment, inc. earnings: 4/2 04:33 pm
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Source: CNBC
Dave & Buster's shares jump on raised forecast after sales improved in fourth quarter Timothy Fadek | Bloomberg | Getty Images Signage is displayed in the middle of a air hockey table at a Dave & Buster's Entertainment Inc. location in Pelham, New York. Shares of The company, best known for its arcade games and sports-bar food, said fourth-quarter sales have outpaced previous expectations, leading it to forecast same-store sales growth of 1.8 percent to 2.5 percent. The positive projection comes after Dave & Buster's struggled in the third quarter, when its results were hurt by a decision to skip an All You Can Eat Wings promotion at the start of the football season. Since reintroducing the $19.99 offer, the company has seen a turnaround in sales. Dave & Buster's said it expects full-year same-store sales will fall 1.9 percent to 1.7 percent, a more pinpointed outlook compared to its prior forecast of a low single-digit decrease. The company also updated its full-year revenue project
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PLAY
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- 4/5/24 - Form 4
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- PLAY's page on the SEC website