Dave & Buster's Triumphs Over Obstacles in Latest Report
Restaurant chain Dave & Buster's Entertainment (NASDAQ: PLAY) reported third quarter results to much investor cheer. The company faced multiple headwinds over the late summer and fall months, but it was able to overcome them and continue growing.
Image source: Dave & Buster's Entertainment.
Total revenue grew 9.3% to $250 million in the third quarter, driven by a larger store base -- 101 operating locations compared to 88 a year ago. Sales from amusements -- which include arcade games, billiards, and bowling -- increased 11.8%, while food and beverage sales were up only 6.3%. Through nine months of 2017, the entertainment segment of the business made up 57% of total revenue.
Source: Fool.com
