Business
Dave & Buster’s Reaffirms Fiscal 2019 Financial Outlook; Scheduled to Present at 2020 ICR Conference on Tuesday, January 14
DALLAS, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of
About this update from Dave & Buster's Entertainment, Inc.
[{"type":"text","content":"DALLAS, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), (\"Dave & Buster's\" or \"the Company\"), an owner and operator of entertainment and dining venues, today reaffirmed its financial guidance for fiscal 2019, which ends on February 2, 2020. \n Fiscal Year 2019 Financial Guidance Total revenues of $1.347 billion to $1.354 billionComparable store sales of -3.0% to -2.5%Net income of $94 million to $98 millionEffective tax rate of 21.5% to 22.0%EBITDA of $275 million to $280 million “We remain focused on our near-term priorities to revitalize our existing stores, build deeper guest engagement, prioritize spending, allocate capital to high-return opportunities, and return capital to shareholders,” said Brian Jenkins, Chief Executive Officer. “I’m pleased with the progress our team is making on these initiatives as we conclude 2019 and look forward to 2020.” Chief Executive Officer Brian Jenkins and Chief Financial Officer Scott Bowman are scheduled to present at the 2020 ICR Conference in Orlando, Florida at 1:30 p.m. ET, and to hold small-group meetings with investors throughout the day. Investors can listen to the live webcast of the Company’s ICR conference presentation at http://wsw.com/webcast/icr6/PLAY/. In addition, a replay of the Company’s presentation and a copy of the current deck can be accessed at http://ir.daveandbusters.com/events-and-presentations. The Company expects to report fourth quarter and fiscal 2019 results in early April 2020. About Dave & Buster’s Entertainment, Inc. Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 135 venues in North America (as of January 13, 2019) that combine entertainment and dining and offer customers the opportunity to \"Eat Drink Play and Watch,\" all in one location. Dave & Buster's offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. Dave & Buster's currently has stores in 39 states, Puerto Rico, and Canada. Forward-Looking Statements The statements contained in this release that are not historical facts are forward-looking statements. These forward-looking statements involve ri...