Dave & Buster's Entertainment (PLAY) Tops Q4 EPS by 4c

Dave & Buster's Entertainment (NASDAQ: PLAY) reported Q4 EPS of $0.63, $0.04 better than the analyst estimate of $0.59. Revenue for the quarter came in at $270.2 million versus the consensus estimate of $269.77 million.

Financial Outlook

We are providing our initial financial outlook for fiscal 2017, which includes 53 weeks and ends on February 4, 2018:

• Total revenues of $1.155 billion to $1.170 billion
• Comparable store sales increase of 2% to 3% (on a comparable 52-week basis)
• 11 to 12 new stores
• Net income of $101 million to $105 million
• Effective tax rate of 36% to 37% and diluted share count of 43.2 million to 43.4 million, excluding the impact of FASB Accounting Standard, ASU 2016-09. The implementation of this new standard could significantly reduce our effective tax rate and slightly increase our diluted share count, dependent on stock option exercises
• EBITDA of $270 million to $277 million
• Total capital additions (net of tenant improvement allowances and other landlord payments) of $156 million to $166 million

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

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