COPPELL, Texas (AP) — COPPELL, Texas (AP) — Dave & Buster’s Entertainment Inc. (PLAY) on Wednesday reported fiscal first-quarter profit of $41.4 million.
On a per-share basis, the Coppell, Texas-based company said it had net income of 99 cents. Earnings, adjusted for non-recurring costs, were $1.12 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The owner of Dave & Buster’s, a chain of restaurants and arcades posted revenue of $588.1 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $611.4 million.
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