Dave & Buster's Will Have a Lot to Prove on Tuesday
One of the market's more resilient eatery chains will get another chance to show that it's still bucking the "restaurant recession" next week. Dave & Buster's Entertainment (NASDAQ: PLAY) will report fiscal second-quarter results on Tuesday afternoon, and the stakes are high.
Three months ago, the 100-unit chain, which combines casual dining with high-tech arcade gaming, was hitting new share-price highs ahead of its quarterly report, but that's not the case now. Dave & Buster's stock has plummeted 20% since its springtime peak. Strong results for Q2 could get the shares back on the right track, though a blowout quarter wasn't enough to do that last time out.
Image source: Dave & Buster's.
Source: Fool.com