earnings
confidence high
sentiment positive
materiality 0.80
Dave & Buster's Q1 revenue record $597.3M, net income $70.1M, repurchased $200M in shares
Dave & Buster's Entertainment, Inc.
2023-Q1 EPS reported
$1.45
revenue$597,300,000
- Record revenue of $597.3M, up 32.4% YoY; pro forma combined comparable store sales -4.1% vs 2022 but +10.3% vs 2019.
- Net income $70.1M ($1.45 diluted EPS) vs $67.0M ($1.35) in Q1 2022; Adjusted EBITDA $182.1M, up 29.8%.
- Repurchased 5.7M shares for $200M in FY 2023 (11.8% of outstanding shares); $100M remaining on authorization.
- Opened four new stores (one Dave & Buster's, three Main Event) and signed international franchise agreements for up to 20 stores in India and Australia.
- Ended quarter with $581.7M liquidity ($91.5M cash, $490.2M revolver availability); net total leverage ratio 2.0x.