Dave & Buster's Entertainment (PLAY) Tops Q3 EPS by 11c, Raises FY Revenue Guidance

Dave & Buster's Entertainment (NASDAQ: PLAY) reported Q3 EPS of $0.25, $0.11 better than the analyst estimate of $0.14. Revenue for the quarter came in at $228.7 million versus the consensus estimate of $216.74 million.

GUIDANCE:

Dave & Buster's Entertainment sees FY2016 revenue of $998-1003 million, versus prior guidance of $983-995 million and the consensus of $988.67 million.

• Fourth quarter comparable store sales increase of 2.5% to 4.5%.
• Annual 2016 comparable store sales increase of 3.1% to 3.6% (vs. 2.25% to 3.25% previously).
• Effective tax rate remains 36.5% to 37.5%.
• Net income of $86.5 million to $88.5 million (vs. $80 million to $85 million previously).
• Diluted share count of approximately 43.2 million.

"For fiscal 2017, we expect low double-digit growth in total revenue, net income, and Adjusted EBITDA. We plan to give more comprehensive guidance for next year on our fourth quarter 2016 conference call which is expected to be held in late March 2017"

• Adjusted EBITDA of $265 million to $268 million (vs. $254 million to $260 million previously).

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

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