Little Rock Dave & Buster's Opens June 13, Making History

Posted On: 6/13/2016

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TAGS: Dave & Buster's first Arkansas location, Gateway Town Center, Little Rock Dave & Buster's, amusement arcade, Little Rock Union Station, Dave Corriveau, James Buster Corley, Dave & Buster's Entertainment Inc.

LITTLE ROCK, AR -- Dave & Buster's opened its first-ever Arkansas location at the Grove at Gateway Town Center in Little Rock today. While the concept for the renowned amusement machine and restaurant chain originated here, it has never had an official location in the Natural State. | SEE STORY

CBS affiliate KTHV published a sneak-peak of the new 30,000-sq.ft. venue a few days before it opened. Click here to check it out.

References to the company's history hang on the wall of the new Dave & Buster's building, including the company's message that is now present at other venues: "A guy named Dave loved all things fun and games. A guy named Buster loved fine food and drink," the wall reads. And in this new location, the missive begins: "Here in Little Rock..."

It was near Union Station here that the late Dave Corriveau operated an amusement arcade next door to James "Buster" Corley's restaurant in late the 1970s. They combined their businesses, creating an upmarket amusement and restaurant concept that would first open under the Dave & Buster's name in 1982 -- not in Little Rock, but in Dallas. The company now operates 84 venues in North America, and plans to open eight or nine more this year.

In other news, Dave & Buster's Entertainment Inc.'s shares surged 10% last week, after the company reported better-than-expected quarterly results and raised full-year guidance. It also announced the repurchase of up to $100 million in common stock.

The entertainment and dining operation reported 2015 first-quarter earnings of 72% per share versus Wall Street consensus estimates of 59¢ a share, according to Thomson Reuters. The company's sales increased nearly 18¢ to $262 million, over an expected $251.42 million. Comparable-store sales increased 3.6%, down from a 9.9% increase in the same quarter a year earlier.

The company raised its full-year earnings guidance to $1.85-$1.97, about 15¢ higher than its previous outlook.

Click here to see Dave & Buster's first-quarter 2016 financial results.