Is Dave & Buster's Stock a Buy?
Investors had concerns heading into the first-quarter report of Dave & Buster's Entertainment (NASDAQ: PLAY), but the chain just eased many of those worries. Sales trends strengthened through the selling period that ended in early May, according to its quarterly filing, as guests returned to its restaurant, arcade, and corporate-event offerings.
Executives said that the positive momentum continued into the start of the second quarter as well, which implies a brightening earnings outlook for the business. With that backdrop in mind, let's look at whether the stock seems compelling following the latest earnings report.
Revenue landed at $451 million through early May. That spike translates into a 70% increase compared to last year, when many restaurants were temporarily closed due to COVID-19 restrictions, and a 24% boost compared to the same period in 2019.
Source Fool.com
