Dave & Buster's Profit Crushes Estimates, Lifts FY Guidance; Stock Up 4%

(RTTNews) - Dave & Buster's Entertainment Inc (PLAY) on Monday reported first-quarter net earnings of $19.5 million or $0.45 per share compared with $11.5 million or $0.34 per share last year.

Excluding items, adjusted earnings for the quarter were $0.46 per share compared with $0.33 per share a year ago.

Revenues for the quarter rose to $222.7 million from $194.8 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.37 per share on revenues of $216.3 million for the quarter. Analysts' estimates typically exclude special items.

Comparable store sales increased 9.9% in the quarter.

For the full year 2015, the company now expects adjusted earnings of $43.5 million to $46 million on revenues of $822 million to $831 million. Earlier it expected earnings of $36.7 million to $40.4 million on revenues of $808 million to $822 million.

Analysts expect earnings of $0.96 per share on revenues of $821.9 million for the year.