Dave & Buster's Is Bouncing Back Faster Than You Think
Shares of Dave & Buster's Entertainment (NASDAQ: PLAY) opened slightly higher on Tuesday. The chain of "eatertainment" restaurants that also feature sports bars and huge arcades housing next-gen video games alongside retro diversions initially stumbled in after-hours trading following the posting of disappointing financial results shortly after Monday's close. It's a quick recovery for a less-than-perfect performance.
Dave & Buster's seemed to have fully recovered from the pandemic slowdown just three months ago when it posted blowout financial results. The turnaround apparently won't be a straight walk back. The chain falling short of Wall Street expectations on both ends of the income statement this week isn't a good look, but there's also the hope that it could be a brief hiccup on a broader path to recovery, judging by the market's response on Tuesday.
Image source: Getty Images.
Source Fool.com
