Dave & Buster's climbs after Q1 profit beat

Dave and Busters Entertainment,

06/06/2023 23:15

** Shares of Dave & Buster's Entertainment  PLAY.O  up ~4%
at $35.20 in extended trading
    ** The entertainment and restaurant chain operator tops Q1
profit estimates on tighter cost control
    ** Posts profit of $1.45 per share vs estimates of $1.24 per
share, per Refinitiv data
    ** PLAY's Q1 revenue jumps 32.4% to $597.3 mln, powered by a
near 66% surge in entertainment revenue, but slightly below
estimates of $601.7 mln
    ** Separately, co says it has struck deals to open 15 stores
in India in partnership with Malpani Group and 5 locations in
Australia in partnership with NightOwl Entertainment Group
    ** Up to Tuesday's close, stock had fallen ~5% YTD
    
    

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com))