Dave & Buster's Entertainment (NASDAQ: PLAY) reported Q1 EPS of $1.04, $0.11 better than the analyst estimate of $0.93. Revenue for the quarter came in at $322.2 million versus the consensus estimate of $322.05 million.

“We continue to be pleased with our new store performance and are confident in our unit growth guidance for the year. We opened six stores during the quarter, our fastest pace so far, and these openings include a few that have delivered some of the highest volume openings in our history. The 2017 class of stores is also performing well for us, on track to achieve strong first year returns in line with our recent classes of stores. At the same time, evolving the brand and improving comparable store performance is a priority for us. The upcoming launch of our proprietary virtual reality platform, and the new 100% Angus Butcher’s Blend burger are just two examples of improvements in our overall offering,” said Steve King, Chief Executive Officer.

“We delivered near double-digit revenue growth, and drove EBITDA and Adjusted EBITDA growth of approximately 2% and 4% respectively on a comparable week basis, excluding the 2017 use tax settlement. While comparable store sales declined in the first quarter this year, I’m confident that our operating team’s continued focus on execution will drive improved results over time,” said Brian Jenkins, Chief Financial Officer.

The firm reaffirmed financial outlook on several key metrics for fiscal 2018, which ends on February 3, 2019:

• Total revenues of $1.20 billion to $1.24 billion
• Comparable store sales decrease in the low-to-mid single digits (on a comparable 52-week basis)
• 14 to 15 new stores
• Net income of $95 million to $110 million
• Effective tax rate of approximately 24% (including the estimated impact of the Tax Cuts and Jobs Act of 2017) (vs. 23% to 24% previously) and diluted share count of approximately 40.5 million shares (vs. 41.0 million shares previously)
• EBITDA of $255 million to $275 million
• Total capital additions (net of tenant improvement allowances and other landlord payments) of $179 million to $189 million, up from $170 million to $180 million

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