Issue Date: Vol. 51, No. 9, September 2011, Posted On: 9/16/2011
Dave & Buster's Q2 Sales Rise 1.9%
amusement business, Dave & Buster's, Dave & Buster's second quarter, Steve King, arcade, family entertainment center, FEC, video game arcade, redemption arcade, Steve King, Jonathan Halkyard, Caesars Entertainment Corp., Kevin Sheehan, Norwegian Cruise Lines
DALLAS -- Dave & Buster's Inc. said comparable store sales rose 1.9% for its second quarter ended July 31, 2011. Amusement revenues were up slightly (2.2%) while food and beverage dropped by 1%.
Total second-quarter revenues increased 0.6% to $128.7 million during the period, compared with $127.9 million in the same period of 2010.
D&B's also reported a $1.6 million decrease in second-quarter revenues from noncomparable stores and other revenue sources.
D&B's chief executive Steve King highlighted the fact that the company's adjusted EBITDA for the 26-week period increased 17.9% to $53.3 million versus $45.2 million for the comparable period last year. | SEE REPORT
Separately, the company announced Jonathan Halkyard, chief financial officer of Caesars Entertainment Corp., and Kevin Sheehan, president of Norwegian Cruise Lines, will join D&B's six-person board.
Founded in 1982 and headquartered in Dallas, Dave & Buster's owns 57 stores in 24 states and Canada.