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Tuesday, June 11, 2019

Dave & Busters (PLAY) reported earnings on Tue 11 June 19 (a/h)

** charts before earnings **


** charts after earnings **

Dave & Busters misses by $0.01, misses on revs, comps -0.3% which was below expectations; guides FY20 revs below consensus, lowers full year comp guidance 
  • Reports Q1 (Apr) earnings of $1.13 per share, $0.01 worse than the S&P Capital IQ Consensus of $1.14; revenues rose 9.5% year/year to $363.58 mln vs the $371.72 mln S&P Capital IQ Consensus.
    • Comparable store sales decreased -0.3%. Co says comps were below expectations largely due to the Easter shift, which proved unfavorable this year.
  • Co issues downside guidance for FY20, sees FY20 revs of $1.365-1.390 bln vs. $1.40 bln S&P Capital IQ Consensus and vs prior guidance of $1.37-1.40 bln. Co lowers net income guidance to $103-113 mln from $105-117 mln.
    • Comp guidance for full year was lowered to "-1.5% to +0.5%" from prior guidance of "flat to +1.5%." Co reiterates guidance for 15-16 new stores this year.

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