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- Dave & Buster's Entertainment Inc (NASDAQ:PLAY) reported first-quarter FY22 sales growth of 70% year-on-year to $451.10 million, beating the consensus of $440.84 million.
- Revenues increased 24.1% from Q1 FY19. Comparable store sales increased 10.9% against Q1 FY19.
- The operating margin was 21.9%, and operating income for the quarter jumped 166.7% Y/Y to $98.7 million.
- Dave & Buster's Entertainment held $139.1 million in cash and equivalents as of May 1, 2022. Cash generated from operating activities for the quarter totaled $148.6 million.
- Adjusted EBITDA increased 86.7% to $143.2 million. The adjusted EBITDA margin was 31.8%.
- EPS of $1.35 beat the analyst consensus of $1.16.
- Q2 Update: The company's business has continued to strengthen through the first five weeks of the Q2, during which comparable-store sales increased 12.2% versus Q2 2019.
- Price Action: PLAY shares are trading higher by 7.11% at $39.90 in premarket on Tuesday.
- Photo Via Wikimedia Commons
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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