earnings
confidence high
sentiment positive
materiality 0.85
Dave & Buster's Q1 revenue record $451.1M; net income $67M, EPS $1.35; Main Event close expected soon
Dave & Buster's Entertainment, Inc.
2022-Q1 EPS reported
$1.35
revenue$451,101,000
- Revenue $451.1M, up 24.1% vs Q1 2019 ($363.6M); net income $67.0M vs $19.6M in Q1 2021.
- Diluted EPS $1.35 vs $0.40 in Q1 2021; Adjusted EBITDA $143.2M (31.8% of revenue).
- Comparable store sales +10.9% vs Q1 2019; walk-in +14.7%, special events -34.6%.
- Cash $139.1M; $492.5M revolver availability; net leverage 0.7x; Q2 to-date comp sales +12.2% vs 2019.
- Main Event acquisition expected to close in a few weeks; management cites growth opportunities.