earnings
confidence high
sentiment neutral
materiality 0.75
Dave & Buster's Q4 rev $599M, comps -7%, adj EBITDA $152M, buyback upped $100M
Dave & Buster's Entertainment, Inc.
2023-FY EPS reported
$2.88
revenue$2,205,300,000
- Q4 revenue $599.1M (+6.3% vs Q4 2022); pro forma combined comps -7.0% vs 2022, +8.0% vs 2019.
- Q4 adjusted net income $42.0M ($1.03 adj. diluted EPS) vs $41.8M ($0.85) prior year.
- Fiscal 2023 adjusted EBITDA $555.6M (25.2% of rev) +15.7% YoY; net income $126.9M ($2.88 GAAP diluted).
- Board authorized $100M buyback increase to $500M total; $200M remaining. Repurchased 8.5M shares ($300M) in FY2023.
- Opened 16 new stores in FY2023; international franchise deals for 33 stores across 6 countries.