earnings
confidence high
sentiment neutral
materiality 0.75
Dave & Buster's Q2 revenue record $542M (+15.7% YoY); comps down 6.3%; buyback boosted to $200M
Dave & Buster's Entertainment, Inc.
2023-Q2 EPS reported
$2.09
revenue$1,139,400,000
- Net income $25.9M ($0.60 diluted EPS) vs $29.1M ($0.59) in Q2 2022; adjusted EPS $0.94.
- Adjusted EBITDA $140.3M (+21.3% YoY); pro forma combined comparable store sales -6.3% vs 2022, +5.8% vs 2019.
- Board increased share repurchase authorization by $100M to $200M total remaining; bought 2.1M shares ($74.5M) in Q2.
- Credit agreement amended to reduce interest rate margin on term/ revolving loans by 1.25%.
- New store openings: two Dave & Buster's and one Main Event in Q2; ended with $572.8M liquidity.