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Issue Date: Vol. 50, No. 7, July 2010, Posted On: 6/20/2010


D&B's Q1 Comp Store Sales Fall, Revenues Rise


Marcus Webb
Dave & Buster's, Dave & Buster's first quarter, Dave & Buster's FTC settlement, Dave & Buster's credit card fraud, Steve King, Oak Hill Capital Partners

DALLAS -- Dave & Buster's Inc. said comparable store sales fell 2.5% for the fiscal first quarter, ended May 2, compared with the first quarter of 2009. Total revenues increased 2.3% to $141.6 million. Total food and beverage revenues increased 0.5% for the quarter, while revenues from "amusements and other" increased 4.1%.

Chief executive Steve King said underlying sales trends for the quarter improved, compared with the prior year, despite harsh February weather that hurt East Coast sales. Special events business growth across the chain was particularly encouraging, King said.

Founded in 1982, D&B's owns and operates 57 restaurant and entertainment stores in 24 states and Canada. D&B's team and Oak Hill Capital Partners closed on a deal in early June to buy the chain from Wellspring Capital Management LLC for $570 million. See story.


Topic: Music and Games Features

Articles:
  • Elaut Sues S&B Candy And Toy Co. For Patent Infringement, Unfair Competition
  • Rich Long Retires From Benchmark Games After 42-Year Coin-Op Career
  • John Milliron, Who Represented Pennsylvania's Amusement Operators For 3 Decades, Exits Industry
  • Redemption Plus Celebrates Two Decades As Value-Added Supplier
  • Three Amigos Plan 2017 Face 2 Face Entertainment Confab For Feb. 21-23

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