Dave & Buster's Entertainment Stock Price Today: Earnings Rise Amid Revenue Growth
Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) has reported remarkable Q2 2024 results, with a net income of $40.3 million, translating to $0.99 per share. This is a substantial increase from the previous year's $25.9 million or $0.60 per share. Adjusted EBITDA also saw an 8% year-over-year growth to $151.6 million.
Despite a 6.3% decline in comparable store sales, total revenues rose 3% year-over-year, driven by a 4% increase in entertainment revenue. CEO Chris Morris highlighted that the company expanded its Adjusted EBITDA margins and generated solid operating cash flow, allowing for both reinvestment and cash returns to shareholders.
Stock Performance Insights
Investors should keep an eye on PLAY stock price trends as Dave & Buster’s Entertainment continues to navigate the consumer discretionary landscape.
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