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Dave & Buster's Stock Slumps as Q1 Results Miss Estimates Amid Soft Consumer Demand
DAVEDave(DAVE) Investopedia·2024-06-13 20:12

Key Takeaways Dave & Buster's Entertainment (PLAY) shares slumped more than 10% in premarket trading on Thursday after the restaurant and entertainment chain posted quarterly results that fell short of expectations amid challenging economic conditions weighing on consumer demand. Breaking down the top line, the company's entertainment revenue, which makes up about two-thirds of net sales, fell 1.9% to $385.7 million, while revenue in its food and beverage business tallied $202.4 million, down from $204.2 mi ...