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Why Dave & Buster's Entertainment Inc Stock Slipped Today

TheMotleyFool

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Why Dave & Buster's Entertainment Inc Stock Slipped Today

It was game over for Dave & Buster's Entertainment Inc (NASDAQ: PLAY) on Wednesday after the popular arcade and restaurant chain posted disappointing second-quarter results. As of 2:16 p.m EDT, the stock had given up 10.1%.

D&B said comparable sales increased just 1.1% in the quarter, and that overall revenue grew 14.9% to $280.8 million, missing estimates at $281.7 million. However, adjusted earnings per share rose from $0.50 to $0.59, with the help of a lower tax rate, topping expectations at $0.55.

Image source: Dave & Buster's.

Source: Fool.com