Dave & Busters Scores Poorly in Earnings

Challenging Economic Conditions Lead to 11% Drop in Dave & Buster's Stock

Stock Earnings Results

Dave & Buster’s stock dropped nearly -11% June 13th after Q1 sales missed expectations.

The company reported $588 million in revenue, falling short of the $621 million expected by analysts.

Dave & Buster’s Entertainment (PLAY) shares slumped more than 10% in premarket trading on Thursday after the restaurant and entertainment chain posted quarterly results that fell short of expectations amid challenging economic conditions weighing on consumer demand.

Breaking down the top line, the company’s entertainment revenue, which makes up about two-thirds of net sales, fell 1.9% to $385.7 million, while revenue in its food and beverage business tallied $202.4 million, down from $204.2 million in the same quarter last year.

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