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Dave & Buster’s Entertainment (NASDAQ:PLAY) shares plunge on weak fiscal Q1 report

  • Dallas-based company delivers $1.13EPS, $363.6M revenue
  • Expects FY earnings of $113-$105M, revenue of $1.365-$1.39B
  • Shares slump 20.3% to $41.05

There was no cheer for Dave & Buster’s Entertainment (NASDAQ:PLAY) on Wednesday as an earnings and revenue miss sent shares 20.3% lower in premarket trade.

The restaurant company posted $1.13 EPS for fiscal Q1, two cents shy of the Wall Street consensus, and $363.6 million revenue, a Y/Y increase but $8.4 million below forecasts. Comparable-store sales also fell 0.3%.

“We are fully committed to executing on our four strategic priorities to strengthen the brand and remain focused on creating significant shareholder value over the long term,” CEO Brian Jenkins said.