Dave & Buster's Entertainment (PLAY) Tops Q3 EPS by 6c, Updates FY Guidance

Dave & Buster's Entertainment (NASDAQ: PLAY) reported Q3 EPS of $0.30, $0.06 better than the analyst estimate of $0.24. Revenue for the quarter came in at $282.1 million versus the consensus estimate of $277.66 million.

• Comparable store sales decreased 1.3%

GUIDANCE:

Dave & Buster's Entertainment sees FY2018 revenue of $1.243-1.255 billion, versus the consensus of $1.25 billion.

• Comparable store sales (on a comparable 52-week basis) decrease of low single-digits (unchanged)
• 15 new stores (vs. 14 to 15 stores previously)
• Net income of $106 million to $113 million (vs. $101 million to $111 million previously)
• Effective tax rate of approximately 22% (vs. 24% previously) and diluted share count of approximately 40.2 million shares (vs. 40.3 million previously)
• EBITDA of $268 million to $277 million (vs. $263 million to $277 million previously)
• Total capital additions (net of tenant improvement allowances and other landlord payments) of $179 million to $189 million (unchanged)

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

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