Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) shares dropped around 14% on Thursday following the company’s reported Q3 results, with EPS of $0.61 coming in worse than the Zacks Consensus estimate of $1.01.
Total revenue came in at $468.4 million, representing a 24% year-over-year growth. Comparable store sales at Dave & Buster’s branded stores grew 9.6% compared to Q2/2019 (comparable store sales will be reported versus 2019 in order to provide a more meaningful comparison).
The company disclosed that same-store sales versus 2019 have since accelerated to 17.6% at the core Dave & Buster’s brand, with strength being called out as being across the board and not really tied to one particular item or initiative.