earnings
confidence high
sentiment negative
materiality 0.80
Dave & Buster's Q3 revenue $466.9M (-3% YoY), net loss $5.2M; repurchases $100M in shares
Dave & Buster's Entertainment, Inc.
2023-Q3 EPS reported
$2.01
revenue$1,606,300,000
- Revenue $466.9M, down 3.0% YoY; net loss $5.2M vs net income $1.9M in Q3 2022.
- Adjusted EPS $0.01 vs $0.10; comparable store sales down 7.8% vs 2022, up 8.1% vs 2019.
- Repurchased 2.8M shares for $100M in Q3; YTD repurchases $300M (17.5% of shares outstanding).
- Executed sale leaseback of four Dave & Buster's stores generating $85.8M in proceeds.
- Adjusted EBITDA $81.6M (17.5% of revenue) down from $86.1M; liquidity of $554.2M at quarter end.