#DAVE N BUSTER RICHMOBD FULL#

Record revenues rose 24% year-over-year (YoY) to $468.4 million and beating consensus analyst estimates of $432.92 and 35.9% over 2019 pre-Covid levels. The Company reported an earnings-per-share (EPS) profit of $0.59 excluding non-recurring items. 22, 2022, Dave & Buster’s released its second-quarter fiscal 2022 results for the quarter ending July 2022. The Company stated that consumers are spending at higher levels than seen in 20. They shrugged off wage and commodity inflation with operational efficiencies and pricing actions as the Company already saw $11.5 million in annualized synergies to date. High inflation and waning consumer discretionary spend has yet to hit the top or bottom line for Dave & Busters as they just reported record Q2 2022 revenues and adjusted EBITDA. While full-service restaurants like Brinker International (NYSE: EAT) and Darden Restaurants (NYSE: DRI) are feeling the margin compression stemming for a pullback in consumer spending, Dave & Busters continues to grow as the video games and entertainment helps offset pressure on the restaurant side. Keep in mind, Dave & Busters has been in business for four decades.

#DAVE N BUSTER RICHMOBD FULL#

More importantly, it adequately covers a full range of demographics from children to middle-aged customers. Together, Dave & Buster’s seeks to generate $20 million to $25 million in cost savings. Main Event is geared more towards families and young children while Dave & Buster’s appeals more to the millennials and Gen-Xers. These are truly synergistic businesses that expand the reach of the core business. They completed the $835 million acquisition of Dallas-based food and games chain Main Event Entertainment on June 29, which has 50 locations.

(NASDAQ: PLAY) is proving that its possible to mitigate both inflationary pressures and weakening consumer spending. Interactive entertainment restaurant operator Dave & Buster's Entertainment, Inc.

Dave n buster richmobd