Entertainment revenue decline - Revenue fell 2.4% to $544.1 mln as entertainment revenue dropped $31.9 mln
Food and beverage sales - Co said ongoing growth in food and beverage sales contributed to results
Remodeled store performance - Co said same store sales of remodels continue to outperform the system
Same-store sales improvement - Co said overall same store sales improved in July and continued to improve in Q3 to date
Outlook and store initiatives
Company expects ongoing growth in food, beverage and special events sales
Dave & Buster's plans two more store remodels and at least one more international franchise opening in fiscal 2026
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$544.10 mln
$557.19 mln (10 Analysts)
Q2 Adjusted EPS
Miss
-$0.27
$0.24 (7 Analysts)
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy."
Wall Street's median 12-month price target for Dave & Buster's Entertainment, Inc. is $17.00, about 108.8% above its September 11 closing price of $8.14
Quarterly results miss expectations
U.S. entertainment venue operator's fiscal Q2 revenue fell 2.4% yr/yr, missing analyst expectations
Adjusted EPS for fiscal Q2 missed analyst expectations
Company opened six new domestic stores and saw improvement in same-store sales in July
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