Dave & Buster's Entertainment (NASDAQ: PLAY) reported Q3 EPS of $0.29, $0.05 better than the analyst estimate of $0.24. Revenue for the quarter came in at $250 million versus the consensus estimate of $255.75 million.

Financial Outlook

We are updating our financial outlook on several key metrics for fiscal 2017, which includes 53 weeks and ends on February 4, 2018:

• Total revenues of $1.148 billion to $1.155 billion (vs. $1.160 billion to $1.170 billion previously).-- Primarily driven by the impact of hurricanes, including a delay in our Puerto Rico opening; and reduced comparable store sales guidance
• Comparable store sales increase of 0.0% to 0.75% (on a comparable 52-week basis) (vs. 1% to 2% previously)
• 14 new stores
• Pre-opening expenses of approximately $23 million (vs. $21 million previously)
• Net income of $110 million to $112 million (vs. $109 million to $113 million previously)
• EBITDA of $268 million to $272 million (compared to $270 million to $276 million previously)
• Diluted share count of approximately 42.6 million (vs. 42.6 million to 42.8 million previously) (including the year-to-date impact of ASU 2016-09)
• Effective tax rate of 29.5% to 30.0% (compared to 30.5% to 31.0% previously)-- Effective tax rate and net income guidance for full year 2017 includes an $11.4 million reduction in our year-to-date provision for income taxes resulting from the implementation of ASU 2016-09. The requirements of this standard will likely further reduce our effective tax rate depending on future stock option exercises. Our guidanceexcludes any potential future impacts of ASU 2016-09 on our effective tax rate

GUIDANCE:

Dave & Buster's Entertainment sees FY2017 revenue of $1.148-1.155 billion, versus the consensus of $1.17 billion.

For earnings history and earnings-related data on Dave & Buster's Entertainment (PLAY) click here.