CEC Entertainment (CEC) Tops Q2 View; Same Store Sales Up 5.7%; Guides Q3/Q4/FY08

July 22, 2008 4:24 PM EDT
CEC Entertainment (NYSE: CEC) reports Q2 EPS of $0.48, versus the analyst estimate of $0.31. Revenues for the quarter were $192.49 million, versus the consensus of $185.23 million.

Same store sales for the quarter came in at up 5.7%. Sees comps for the rest of the year up 2-3%.

Sees Q3 EPS of $0.56-$0.60, versus the consensus of $0.56. For Q4, EPS are expected to be in the range of $0.20-$0.22. Also sees FY08 EPS in the range of $2.57-$2.65, versus $2.40.

CEC Entertainment, Inc. and its subsidiaries develop, operate, and franchise family entertainment-restaurant centers under the name ‘Chuck E. Cheese's' in the United States and internationally.

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Earnings, Guidance, Retail Sales