Dave & Buster’s Shares Dip After Q1 Earnings Miss

Dave & Buster’s (PLAY) saw its shares decline in after-hours trading following a disappointing first-quarter earnings report. The company posted earnings per share of $0.76, falling short of the $1.01 consensus estimate. Revenue dropped 3.5% year-over-year to $567.7 million, though it narrowly surpassed expectations of $566.8 million.

Comparable store sales slid 8.3%, reflecting broader challenges. Despite this, the company expanded its footprint with three new store openings and 13 remodels during the quarter. Guidance for Fiscal Year 2025 includes capital expenditures under $220 million and pre-opening expenses of approximately $20 million.

Wall Street remains cautious, with a Hold consensus rating and an average price target of $25.40. The mixed performance underscores the volatility in consumer discretionary sectors—a reminder of the divergent risk profiles between traditional equities and emerging asset classes like cryptocurrencies.