Dave and Buster’s delivered an “exceptionally strong performance” during a record-setting third quarter, CEO Steve King said.

Dave and Buster's

During the three months to November 2, the US-based entertainment venue operator enjoyed a 14.9 per cent increase in revenues to $163.5m. Store sales increased by 8.7 per cent.

EBTDA jumped 24.3 per cent to $24.6m and the company raised $98.6m through an initial public offering, repaying $100m of debt.

"Dave and Buster's is clearly differentiated from conventional casual dining and other entertainment options through our 'Eat Drink Play and Watch' brand attributes, which synergistically combine dining, entertainment and sports viewing in one destination,” said King. “Our dynamic, high-energy and social experience is impossible to replicate at home or elsewhere and positions us as the first choice for frequent fun."

During the third quarter, the company opened two new stores. King believes the company has the potential to develop an estate of more than 200 stores in North America – three times its current store base.

“Our disciplined real estate strategy combined with our long-standing track record of delivering robust results in our new store openings provides us with the foundation to grow our brand domestically and over time, internationally as well,” he said.

“Having now successfully completed our initial public offering, we are excited to be executing our strategic growth plan and intend to open seven to eight new stores in 2015."