Dave & Buster’s Entertainment Inc PLAY shares are now trading up after the company reported its fourth-quarter financial results Tuesday. Here’s a look at the details. 

The Details: Dave & Buster’s reported quarterly earnings of $1.03 per share which missed the analyst consensus estimate of $1.10 by 6.36%.

Quarterly sales came in at $599.1 million, just under the analyst consensus estimate of $602.609 million.

Dave & Buster’s reported pro forma combined comparable store sales (including Main Event branded stores) decreased 7% year-over-year and increased 8% when compared to the same period in 2019.

The company repurchased 8.5 million shares totaling $300 million and representing 17.5% of outstanding shares during fiscal 2023.

The board increased its share repurchase authorization by an additional $100 million, bringing the total available share repurchase authorization to $200 million.

“I am pleased with the strong progress we made during the final quarter of fiscal 2023 and the year as a whole, which is a testament to the hard work and dedication of our phenomenal team members. During the quarter we successfully opened six new domestic stores at what we expect will be highly attractive ROIs, we signed an additional agreement to open up new international units, we successfully grew Adjusted EBITDA margins, and we laid a strong foundation for future growth on each of our organic growth initiatives,” said Chris Morris, CEO of Dave & Buster’s Entertainment.  

Related News: What’s Going On With AMC Entertainment Stock?

PLAY Price Action: According to Benzinga Pro, Dave & Buster’s Entertainment shares are up 2.89% after-hours at $63.70 at the time of publication Tuesday.

Image: Courtesy of Dave & Buster’s Entertainment, Inc.

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