Dave & Buster’s Leisure, Inc. (NASDAQ: PLAY), which operates a series of informal eating and leisure services, has reported a rise in revenues and web earnings for the second quarter of 2024.
The Dallas-based firm reported a web earnings of $40.3 million or $0.99 per share for the July quarter, increased than the $25.9 million or $0.60 per share recorded within the prior-year interval. Adjusted EBITDA elevated 8% yearly to $151.6 million through the three months.
Driving the underside line progress, second-quarter revenues rose 3% year-over-year to $557.1 million, whilst comparable retailer gross sales declined 6.3%. Leisure income grew 4%, whereas Meals and Beverage income remained unchanged.
Chris Morris, the corporate’s CEO, stated, “During the quarter, we grew Revenue and Adjusted EBITDA, expanded our Adjusted EBITDA margins and generated strong operating cash flow which allowed us to invest in the business and return cash to shareholders.”
