Dave & Buster's Entertainment up on strong Q4 margin growth, share buyback

Dave and Busters Entertainment,

03/04/2024 11:27

** Shares of Restaurant chain operator Dave & Buster's
Entertainment  PLAY.O  up 7.1% at $66.29 premarket
    ** Co reports Q4 revenue and adjusted profit below
expectations, but cheers investors with strong core margin
growth
    ** Co also increases its share repurchase program by an
additional $100 million
    ** Says adjusted EBITDA margins grew 80 basis points
compared with last year, driven by revenue growth and material
improvements in its recurring cost structure
    ** PLAY's Q4 revenue grew 6.3% to $599.1 mln, missing
analysts' average expectations of $602.6 mln, as per LSEG data
    ** Q4 adjusted EPS of $1.03 misses estimates of $1.10/shr
    ** YTD, stock up ~15% as of last close

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))