US FEC operator Dave & Buster’s has announced a record rise in revenue in its third quarter results.
Revenue grew more than 50 per cent from the third quarter of 2021 to 2022, totalling US$481.2m.
It is the first full quarter financial results for the company since it completed its acquisition of the Main Event brand in June, with combined comparable store sales increasing 13.3 per cent when compared with the same period in 2021.
During this financial quarter, the company opened three new locations under the Dave & Buster’s brand in Lynnwood, Washington, Long Beach, California, and Bakersfield, California.
Chris Morris, Dave & Buster’s chief executive officer, said: “We are pleased to report strong financial results for the third quarter. We delivered record revenue driven by double-digit comparable sales growth which resulted in record Adjusted EBITDA.
“Our outstanding team continues to strongly execute our integration plan and deliver exceptional results, despite the challenging macro and inflationary environment. We remain focused on driving innovation, growth and value creation for our stakeholders. The future is incredibly bright for this new organisation, and I am excited about sharing our progress with you over the next few years."
