Dave & Buster’s Reports Fourth Quarter and Full Year 2019 Results; Details Comprehensive Response to COVID-19 Pandemic
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Dave & Buster's Entertainment (PLAY) tops Q4 EPS by 11c, pursuing discussions with landlords and vendors to reduce expenses
April 2, 2020 4:36 PM EDTDave & Buster's Entertainment (NASDAQ: PLAY) reported Q4 EPS of $0.80, $0.11 better than the analyst estimate of $0.69. Revenue for the quarter came in at $347.2 million versus the consensus estimate of $344.46 million.
Preserving Financial Flexibility: The Company has implemented steps focused on conserving existing capital and is working to maintain operating liquidity while preserving critical store restart capabilities.
These efforts include:
A significant reduction in capital spending: All new store construction has been halted, and capital spending on strategic initiatives, store remodels, games and maintenance has been severely... More