DAVE & BUSTER’S ENTERTAINMENT Reports 15.7% Increase in Total Revenue for Q2 FY2024
September 8, 2023
☀️Earnings Overview
During the second quarter of FY2024, ending July 31 2023, DAVE & BUSTER’S ENTERTAINMENT ($NASDAQ:PLAY) reported total revenue of USD 542.1 million, a 15.7% rise compared to the same quarter of the previous year. However, their net income decreased by 11.0%, amounting to USD 25.9 million.
Analysis
GoodWhale can help us analyze DAVE & BUSTER’S ENTERTAINMENT’s fundamentals, and the Star Chart shows that DAVE & BUSTER’S ENTERTAINMENT is classified as ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. It could be an attractive option for long-term growth-oriented investors, as it has strong performance in terms of assets, growth and profitability, while its dividend may not be as attractive. Its intermediate health score of 6/10 with regard to its cashflows and debt means that it might be able to safely ride out any crisis without the risk of bankruptcy. Therefore, it could be a great investment option for those looking for long-term growth potential. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PLAY. More…
| Total Revenues | Net Income | Net Margin |
| 2.18k | 137.03 | 6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PLAY. More…
| Operations | Investing | Financing |
| 407.57 | -262.79 | -162.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PLAY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.73k | 3.42k | 7.33 |
Key Ratios Snapshot
Some of the financial key ratios for PLAY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 36.6% | 21.0% | 13.1% |
| FCF Margin | ROE | ROA |
| 6.4% | 53.2% | 4.8% |
Peers
The competition in the entertainment industry is intense. Companies are constantly vying for market share and trying to outdo each other. Dave & Buster’s Entertainment Inc is no different. It competes against other big names such as Bowlero Corp, Societa Sportiva Lazio SPA, and DEAG Deutsche Entertainment AG. These companies are all fighting for a piece of the pie and each has its own unique strengths and weaknesses.
– Bowlero Corp ($NYSE:BOWL)
Bowlero Corporation is the world’s largest operator of bowling centers, with more than 300 locations across the United States. The company was founded in 2013 and is headquartered in New York, New York. Bowlmor AMF is the largest operator of bowling alleys in the world. The company was formed in 2013 from the merger of AMF Bowling Worldwide and Bowlmor Lanes.
– Societa Sportiva Lazio SPA ($LTS:0MS9)
Societa Sportiva Lazio SPA is an Italian professional sports club based in Rome, Lazio. The club was founded in 1900 and currently plays in Serie A, the top flight of Italian football. Lazio has won the Coppa Italia a record seven times and the Supercoppa Italiana three times. The club has also won the UEFA Cup Winners’ Cup once and the UEFA Super Cup once.
As of 2022, Societa Sportiva Lazio SPA has a market capitalization of 68.42 million and a return on equity of -538.84%. The company is a professional sports club that competes in Serie A, the top flight of Italian football. Lazio has won several championships and trophies, including the Coppa Italia and the Supercoppa Italiana. The club also has one UEFA Cup Winners’ Cup and one UEFA Super Cup to its name.
Summary
DAVE & BUSTER’S ENTERTAINMENT reported strong financial results for Q2 2024, with total revenue of USD 542.1 million, representing a 15.7% year-on-year increase. Net income was USD 25.9 million, a 11.0% decrease compared to the same period in the previous year. Despite this, the company’s strong top line and cost controls indicate potential for long-term growth, and make it an attractive investment option for those looking for a reliable return. It remains to be seen how investors will respond to the second quarter earnings, but with increased sales and positive momentum, DAVE & BUSTER’S ENTERTAINMENT could be primed for a successful future.
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