From Nasdaq: 2024-06-13 13:00:00

Dave & Buster’s Q1 2024 earnings report showed a decline in revenue, net income, and EBITDA compared to the previous year. This drop is attributed to inflation, challenging comparisons, and one-time costs. Despite this, the company is focusing on loyalty programs, food & beverage, game pricing, special events, and store remodels to drive growth.

Additionally, Dave & Buster’s opened new stores, repurchased shares, entered sale-leaseback agreements, and signed an international franchise deal. Analysts rate the stock as a Moderate Buy with an average price target of $67.64. While risks exist, the company’s strategic initiatives and potential upside make it an attractive opportunity for investors seeking long-term growth in the consumer discretionary sector.



Read more at Nasdaq:: Dave & Buster’s Stock: Navigating Headwinds, Investing for Growth