Dave & Buster's Entertainment (PLAY) Tops Q2 EPS by 17c, Raises FY15 Comps & Revenue Outlook

Dave & Buster's Entertainment (NASDAQ: PLAY) reported Q2 EPS of $0.40, $0.17 better than the analyst estimate of $0.23. Revenue for the quarter came in at $217.3 million versus the consensus estimate of $204.3 million.

• Comparable store sales increased 11.0% vs. a 5.7% increase in last year's second quarter.

Dave & Buster's Entertainment sees FY2015 revenue of $844-853 million, versus prior guidance of $822-831 million and the consensus of $832.74 million.

• Comparable store sales increase of 6.5% to 7.5% (vs. 4% to 5% previously).
• Adjusted EBITDA* of $199 million to $203 million (vs. $187.5 million to $191.5 million previously).
• Effective tax rate of approximately 35% to 36% (vs. 37% to 38% previously).
• Pro-forma net income of $52.5 million to $55 million (vs. $43.5 million to $46 million previously). Pro-forma net income excludes the net impact of charges related to secondary offerings and loss on debt retirement.
• Diluted share count of 42.7 million to 42.8 million (vs. 43.8 million to 43.9 million previously).

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

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