Dave and Buster’s Q1 results revealed a 9.2 per cent increase in total revenue to $332.2m from $304.1m the previous year.
Market analyst Andrew Strelzik from BMO Capital Markets said: “We are encouraged to see trends beginning to stabilise ahead of an increasingly favourable content pipeline, including the launch of the Jurassic World virtual reality attraction on June 14 with a second title likely toward the end of the year, as well as the launch of the Halo title as a limited-time game in early Q3.”
The company recently announced that CEO Stephen King will step down on August 5 and will be replaced by current CFO Brian Jenkins — but analysts remain unfazed about the management shake-up.
