Dave & Buster's Entertainment tumbles after Q2 profit falls

Dave and Busters Entertainment,

08/09/2022 16:59

** Shares of entertainment and restaurant chain operator
Dave & Buster's Entertainment Inc  PLAY.O  fall as much as 13%
to over one-month low of $38.06
    ** Stock last down ~11%, on course for worst day since May
2022
    ** Company reports a fall in Q2 profit on Wednesday after
markets close as higher commodity and labor costs bite
 urn:newsml:reuters.com:*:nGNX9VWNzW
    ** PLAY Q2 net income fell to $29.1 mln, or 59 cents per
share, from $52.8 million, or $1.07, a year earlier 
    ** CEO Christopher Morris says company still expects to see
higher levels of inflation over the next few quarters
    ** However, Q2 revenue rose 24% to $468.4 mln, topping
estimates of $432.9 mln, per Refinitiv IBES data
    ** Stock has risen ~3% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))