Dave & Buster's Entertainment, Inc. PLAY announced financial results Tuesday for its third quarter of 2014, which ended on November 2, 2014.
Total revenues increased 14.9 percent to $163.5 million, above estimates of $159.33 million and up from $142.3 million in the third quarter of 2013.
EPS came in at $(0.06), less than analyst estimates of $(0.09) and better than the $(0.11) reported in the year-ago period.
Comparable store sales increased 8.7 percent in the third quarter of 2014 compared to a 2.4 percent increase in the same period last year. The comparable store sales increase was driven by a 9.1 percent increase in walk-in sales and a 4.5 percent increase in special events sales.
Across all stores, Food and Beverage revenues increased 12.9 percent to $78.2 million and Amusements and Other revenues increased 16.7 percent to $85.3 million, compared to the prior year period.
The company guided a full year 2014 comparable store sales increase of 5.5 percent to 6.0 percent and adjusted EBITDA of $156.5 million to $157.5 million.
"We delivered an exceptionally strong performance with record-setting third quarter revenues, Adjusted EBITDA, and Adjusted EBITDA margins...I thank our entire team for their contributions to these outstanding achievements," said Steve King, Chief Executive Officer.
Dave & Buster's Entertainment, Inc. traded at $23.00 in the aftermarket, up 6.33 percent.
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