QUICK LINKS: Vending Videos  | Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:    

Bookmark this site




Issue Date: Vol. 52, No. 7, July 2012, Posted On: 6/13/2012


New Stores Fuel Dave & Buster's Q1 Gains


Emily Jed
Emily@vendingtimes.net
Dave & Buster's Inc., Dave & Buster's 2012 first quarter, Dave & Buster's profit, Dave & Buster's IPO, amusement business

DALLAS -- Dave & Buster's Inc. first-quarter profit climbed more than 60%, fueled by better-than-expected performance from its newest stores.

The operator of big box entertainment-dining complexes saw profit for the quarter, ended April 29, rise to nearly $11 million from $6.7 million in the comparable 2011 period.

Total revenues increased 10% to $163.5 million in the first quarter, an increase over $148.6 million a year earlier. The company said the year-over-year revenue increase was primarily driven by a $16.1 million increase in revenues from new stores. Revenues at Dave & Buster's existing stores were essentially flat versus the first quarter of 2011.

Across all stores, food and beverage revenues increased 6.6% to $4.9 million. Amusements and "other" revenues grew $10 million, or 13.4%, over last year's first quarter.

Dave & Buster's posted record adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $39.7 million in the recent quarter, up 18% from $33.6 million a year earlier.

"While the exceptionally mild winter across the country hurt our comparable store sales, our margin-enhancing initiatives enabled us to deliver exceptional results," said Steve King, chief executive of Dave & Buster's.

Dave & Buster's currently owns and operates 59 stores in the U.S. and Canada. The company, which has alternated from a private to a publicly traded company several times during its 30-year history, is preparing to go public yet again. | SEE STORY


Topic: Music and Games Features

Articles:
  • Shaffer Distributing Kicks Off TouchTunes Service Schools
  • NDA Implements Prepaid Electronic Dart Tournament Fees To Meet Player Demand
  • Bay Tek Obtains Flappy Bird License; Redemption Game Ships In September
  • Smart Industries Reports Strong Performance By Fright Night Game
  • Tricorp Amusements Leads Gameroom Renaissance By Integrating With Clients' Businesses

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570