earnings
confidence high
sentiment neutral
materiality 0.75
Dave & Buster's Q2 revenue up 2.8% but comp sales down 6.3%; adjusted EBITDA up 8.1%
Dave & Buster's Entertainment, Inc.
2024-Q2 EPS reported
$1.99
revenue$1,145,200,000
- Revenue $557.1M (+2.8% YoY); comparable store sales -6.3%; net income $40.3M vs $25.9M YoY.
- Adjusted EBITDA $151.6M (27.2% of revenue) vs $140.3M (25.9%) a year ago; adjusted EPS $1.12 vs $0.94.
- Opened two new stores in Q2 and remodeled nine; generated $45M from sale-leaseback.
- Repurchased $47.4M of shares in Q2, $60M YTD; $140M remaining on authorization.
- Net total leverage ratio 2.3x vs max 3.5x; $481M available on $500M revolver.