Shares of Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) to $37.50 in after-hours trading on Tuesday following the release of financial results for the second quarter of its fiscal 2019, which ended on Aug. 4.
The market wasn’t pleased with the 1.8% drop in same-store sales due to a 2% decline in Dave & Buster’s recorded walk-in sales. In contrast, special events sales rose 0.1%, but it was not enough to offset the decline.
The Dallas-based American restaurant and entertainment company also posted GAAP earnings per share of 90 cents, up 7.1% year-over-year, beating consensus estimates by 6 cents.
Revenue increased 8% year-over-year to approximately $344.6 million, matching projections. By segment, food and beverage jumped 6% to nearly $138 million in revenue, and amusement and other revenues went up