Stock Monitor: Ark Restaurants Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 04, 2018 / Active-Investors.com has just released a free earnings report on Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PLAY. The Company posted its financial results on December 05, 2017, for the third quarter of the fiscal year 2017. The owner and operator of venues' EPS surpassed analysts' expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Ark Restaurants Corp. (NASDAQ: ARKR), which also belongs to the Services sector as the Company Dave & Buster's Entertainment. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=ARKR

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Dave & Buster's Entertainment most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=PLAY

Earnings Highlights and Summary

For the three months ended October 31, 2017, Dave & Buster's Entertainment's total revenues increased 9.3% to $249.98 million from $228.66 million in Q3 FY16. For the reported quarter, the Company's comparable store sales growth was negative 1.3% compared to positive 5.9% in Q3 FY16. The Company's total revenue numbers were below analysts' expectations of $255.38 million.

For the reported quarter, the Company's Food and Beverage revenues increased 6.3% to $107.69 million from $101.34 million in Q3 FY16. For the reported quarter, the Company's Amusement and Other revenues increased 11.8% to $142.29 million from $127.32 million in the third quarter of 2016.

During Q3 FY17, Dave & Buster's Entertainment's earnings before interest, tax, depreciation, and amortization (EBITDA) increased 9.8% to $45.60 million from $41.54 million in the same period of last year. For the reported quarter, the Company's EBITDA margin was on par with the 18.2% of revenue in Q3 FY16. During Q3 FY17, Dave & Buster's Entertainment's adjusted EBITDA increased 12.1% to $54.13 million from $48.27 million in Q3 FY16. For the reported quarter, the Company's adjusted EBITDA margin increased 60 basis points to 21.7% of revenue from 21.1% of revenue in Q3 FY16.

During Q3 FY17, Dave & Buster's Entertainment's operating income increased 6.7% to $19.93 million from $18.67 million in the comparable period of last year. For the reported quarter, the Company's operating margin decreased 20 basis points to 8% of revenue from 8.2% of revenue in Q3 FY16.

For the reported quarter, the Company's store operating income before depreciation and amortization (D&A) increased 8.5% to $64.64 million from $59.60 million in Q3 FY16.

During Q3 FY17, Dave & Buster's Entertainment's earnings before tax (EBT) decreased 0.3% to $17.05 million from $17.10 million in the corresponding period of last year. For the reported quarter, the Company's EBT margin decreased 70 basis points to 6.8% of revenue from 7.5% of revenue in Q3 FY16.

For the reported quarter, Dave & Buster's Entertainment's net income increased 13% to $12.16 million on a y-o-y basis from $10.76 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) increased 16% to $0.29 on a y-o-y basis from $0.25 in the same period of last year, surpassing analysts' expectations of $0.23.

Balance Sheet

As on October 29, 2017, Dave & Buster's Entertainment's cash and cash equivalents decreased 24% to $15.26 million from $20.08 million as on January 29, 2017. For the reported quarter, the Company's net long-term debt increased 16.9% to $299.94 million from $256.63 million in Q4 FY16.

Outlook

For FY17, the Company expects revenue to be in the range of $1.15 billion - $1.16 billion, and comparable store sales growth to be in the band of 0% - 0.8%. The Company estimates EBITDA to be in the range of $268 million - $272 million, and net income to be in the band of $110 million - $112 million for the fiscal year 2017.

Stock Performance Snapshot

January 03, 2018 - At Wednesday's closing bell, Dave & Buster's Entertainment's stock rose 2.51%, ending the trading session at $55.90.

Volume traded for the day: 1.30 million shares, which was above the 3-month average volume of 1.24 million shares.

Stock performance in the last month ? up 5.61%; previous three-month period ? up 9.03%; past twelve-month period ? up 0.11%; and year-to-date ? up 1.32%

After yesterday's close, Dave & Buster's Entertainment's market cap was at $2.34 billion.

Price to Earnings (P/E) ratio was at 21.42.

The stock is part of the Services sector, categorized under the Restaurants industry. This sector was up 0.5% at the end of the session.

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