Dave & Buster’s Leisure, Inc. (NASDAQ: PLAY), which operates a series of informal eating and leisure amenities, 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, greater 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 throughout the three months.
Driving the underside line progress, second-quarter revenues rose 3% year-over-year to $557.1 million, at the same time as 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, “Through the quarter, we grew Income and Adjusted EBITDA, expanded our Adjusted EBITDA margins and generated sturdy working money move which allowed us to spend money on the enterprise and return money to shareholders.”
