Dave & Buster's Entertainment (PLAY) Tops Q3 EPS by 9c; Boosts Outlook

Dave & Buster's Entertainment (NASDAQ: PLAY) reported Q3 EPS of $0.12, $0.09 better than the analyst estimate of $0.03. Revenue for the quarter came in at $192.8 million versus the consensus estimate of $185.39 million.

GUIDANCE:

Dave & Buster's Entertainment sees FY2015 revenue of $857-861 million, versus prior guidance of $844-853 million and the consensus of $851.8 million.

"Dave & Buster's is experiencing a phenomenal year of record results and we are very pleased to be increasing our annual guidance for the third consecutive time. Quarterly comparable store sales rose 8.8%, inclusive of an estimated negative 110 basis point Halloween calendar shift, and despite lapping an 8.7% gain from the prior year. We have now marked the 14th quarter in a row that we have exceeded the competitive industry benchmark while on a two-year stacked basis comparable trends of 17.5% were also higher sequentially than the previous two quarters of 16.7% and 14.6%, respectively. Guests continued to respond well to our 'Summer of Games' promotion which concluded in the third quarter along with our subsequent football-related promotions along with new food and beverage introductions. Our sales strength during the third quarter was well-represented across categories, operating days, day-parts, and geographies. We also set third quarter records for Adjusted EBITDA and Margins by leveraging operating costs into substantially higher profitability as we benefitted from the ongoing business shift to our higher-margin amusement category even as our food and beverage categories grow," said Steve King, Chief Executive Officer

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

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