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Issue Date: Vol. 51, No. 1, January 2011, Posted On: 12/23/2010


Dave & Buster's Sees Flat Third Quarter


Marcus Webb
Dave and Buster's Inc., Dave & Buster's fourth quarter, Steve King, vending news, arcade, amusement business, arcade games, coin-op news, Oak Hill Capital Partners

DALLAS, TX -- Dave & Buster's Inc., said gross revenues dropped half a percent during its third quarter ended Oct. 31, 2010. The financial report said total revenues decreased 0.5% to $116.6 million for the quarter, compared with $117.2 million in Q3 2009. Total food and beverage revenues decreased 1.6%, while revenues from amusements and “other” decreased 0.6%.

The year-over-year revenue decline was driven by a 1.3% decline in comparable store sales and the loss of $2.3 million in revenues associated with the flood-related closure of the D&B’s store in Nashville, TN.

Officials said the revenue declines were partially offset by a $3.1 million increase in revenues from non-comparable stores and other revenue sources.

CEO Steve King said the chain is seeing stronger casual and special events business and that early fourth-quarter results were encouraging.

Founded in 1982, Dave & Buster's owns and operates 57 entertainment restaurants located in 24 states and Canada.


Topic: Music and Games Features

Articles:
  • GameCo Inc. Debuts World's First Skill-Based Videogame Gambling Machines At Caesars Entertainment Properties In Atlantic City
  • Joseph Levitan Dies; Russian Immigrant Founded JVL And CashCode
  • AMI Entertainment Sponsors Music Competition At ArtPrize In Grand Rapids; Jukebox Stations Entertain Festivalgoers
  • Stern Pinball Marks Two Anniversaries With Batman '66 Flipper Game Launch
  • Canada's Cineplex Entertainment Acquires New Jersey's Tricorp Amusements Inc.

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