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Dave & Buster’s Stock Plummets 17% Amid Weak Earnings Report
Dave & Buster’s Stock Plummets 17% Amid Weak Earnings Report
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BTCCSquare news:
Dave & Buster's (PLAY -3.82%) faced a brutal selloff this week as investors digested a dismal Q2 earnings report. Shares cratered 17% after new CEO Tarun Lal failed to deliver the turnaround narrative markets craved. Comparable store sales slid 3% year-over-year, while net income collapsed 67% to just $11.4 million—a far cry from 2022's triple-digit growth.
The entertainment chain's deteriorating fundamentals reveal systemic challenges. Flat revenue of $557.4 million masks eroding profitability, with diluted EPS nosediving from $0.99 to $0.32. Six-month figures paint an equally grim picture, suggesting this isn't a temporary blip but a structural decline.
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