earnings
confidence high
sentiment positive
materiality 0.80
Dave & Buster's Q2 revenue record $468.4M; completes Main Event acquisition, raises synergy target
Dave & Buster's Entertainment, Inc.
2022-Q2 EPS reported
$1.95
revenue$919,460,000
- Record Q2 revenue $468.4M, up 35.9% vs Q2 2019 and 24.0% vs Q2 2021; Adjusted EBITDA record $119.6M.
- Completed Main Event acquisition June 29; contributed $51.4M revenue; synergies target raised to $25M.
- Net income $29.1M ($0.59 EPS) vs $52.8M ($1.07) in Q2 2021 and $32.4M ($0.90) in Q2 2019.
- Comparable sales: D&B +9.6%, Main Event +29.7% vs 2019; Q3 first 5 weeks: consolidated +22.1%.
- Refinanced with $850M term loan; repurchased 764K shares for $25M; liquidity $591.8M.