Dave and Buster’s, owner and operator of family entertainment centres across the US, saw revenue in Q2 increase by 14.9 per cent to US$280.8m with food and beverage revenues up 10.2 per cent to $118.7m.
Food and beverage in Q2, which ended on July 30, made up 42.3 per cent of total revenues while amusements and “other” accounted for 57.7 per cent.
During the quarter, the operator opened four new stores, compared with two in the same period last year.
“Our recent debt refinancing improved our capital structure and financial flexibility, enabling us to invest in new store growth and return value to shareholders for years to come,” said Brian Jenkins, chief financial officer.
The company’s earnings (EBITDA) margin decreased to 22.8 per cent from 23.5 per cent – although there was an increase to 23.7 per cent once a litigation settlement expense is excluded.
Operating income increased to $39.2m from $36m compared with last year's second quarter. As a percentage of total revenues, operating income decreased year-on-year to 13.9 per cent from 14.7 per cent.
