Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) is set to report its third-quarter financial results after Tuesday's closing bell. Here's what investors will be looking for in the report.
What To Know: Dave & Buster's reported better-than-expected second-quarter earnings in September, but missed revenue expectations after the company saw comparable sales decline 6.3%.
CEO Chris Morris pointed to progress on the company's strategic goals and freshly remodeled stores as potential catalysts for future quarters.
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"Our fully programmed remodels continue to perform well and we are excited about the remodels that have recently opened and will open throughout the remainder of Fiscal 2024 and beyond," Morris said in the company’s most recent earnings release.
Investors will be looking at the company's same-store sales figures and potential operating cost efficiencies to offset sales pressures.
The Street estimates Dave & Buster's will report quarterly earnings of 90 cents per share and revenue of $563.957 million when it reports after Tuesday's closing bell, according to Benzinga Pro.
PLAY Price Action: According to Benzinga Pro, Dave & Buster's Entertainment shares ended Monday's session down 3.96% at $35.39.
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