FEC operator Dave & Buster’s has reported record fourth quarter and fiscal year end 2022 financial results.
Among the highlights of the results are an increase in revenue in the fourth quarter 2022 of 64.3 per cent from the fourth quarter of 2021. The company reported revenues of US$2bn in the fiscal year 2022, an increase of 50.6 per cent from the fiscal year 2021.
Dave & Buster's completed its acquisition of Main Event in June 2022 and reports that it “successfully achieved implementation of the activities for its forecasted $25m annual synergy target and continues to identify opportunities in excess of that target.”
Chris Morris, Dave & Buster’s CEO, said: “Driven by robust comparable walk-in sales growth and the tailwind of our special events business continuing its recovery toward pre-pandemic norms, we are pleased to report another strong quarter of financial results to mark our first fiscal year-end as a combined company.”
