Actionable news
0
All posts from Actionable news
Actionable news in PLAY: DAVE & BUSTER'S ENTERTAINMENT Inc,

Dave & Buster's Spikes On Strong Results, Guidance

  • Revenue of $228.7 million, up 18.7 percent year-over-year, came in $11.96 million ahead of expectations.
  • Management guided for Q4 comps of 2.5 percent to 4.5 percent.
  • The team expects fiscal 2016 comps of 3.1 percent to 3.6 percent, up from a previous guidance of 2.25 percent to 3.25 percent.
  • The company boosted its full year net income guidance from $80-$85 million, to $86.5-$88.5 million, and its revenue outlook from $983-$995 million, to $998-$1.003 million. Analysts were anticipating $988.67 million in sales.
  • Shares traded up almost 12 percent to $53.63 in Tuesday’s after-hours session.

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.