A much-improved scenario is expected for FEC operator Dave & Buster’s when it reports its first-quarter earnings on Thursday, June 11.
The company’s stock fell by around 90 per cent earlier in the year, but having solved its cash problems and survived the pandemic early reports suggest that it is coming out of the lockdown well.
The figures for the quarter are bound to be bad, given that the US market (where nearly all of the D&B locations are) has been temporarily shut. But the stock market price of the company has recovered well.
This is on the back of early reports from the marketplace that suggest that Americans are quickly returning to their old eating-out habits, even with reduced venue capacity and social distancing.
Reports from the US restaurant business suggest that some of the newly reopened restaurants in well-known chains are operating at 75 pere cent of their pre-virus levels.
