Dave & Buster's Shares Plunge 17% After Q2 Revenue Miss, Unexpected 27-Cent Loss
Updated
Updated · CNBC · Sep 15
Dave & Buster's Shares Plunge 17% After Q2 Revenue Miss, Unexpected 27-Cent Loss
3 articles · Updated · CNBC · Sep 15
Summary
Dave & Buster's fell 17% before the bell after reporting a surprise adjusted loss of 27 cents a share, versus analysts' expectations for an 18-cent profit.
Revenue of $544.1 million missed the $556.8 million FactSet consensus, while adjusted EBITDA came in at $98.9 million against expectations of $120.4 million.
Those misses across sales, profitability and earnings drove the sharp investor reaction to the arcade-and-restaurant operator's second-quarter report.
The drop made Dave & Buster's the standout premarket decliner in a session where other movers included Enova, down more than 15%, and Etsy, up 3%.