Dave & Buster's, Inc. Reports a 3.8 Percent Increase in Comparable Store Sales
23.6 Percent Increase in Adjusted EBITDA for its Fiscal 2008 First Quarter
Dave & Buster's, Inc., a leading operator of high volume entertainment/dining complexes, today announced results for its first quarter ended May 4, 2008.
Total revenues increased 5.2% to $142.5 million in the first quarter of 2008, compared to $135.5 million in the first quarter of 2007. This revenue growth was comprised primarily of a 3.8% increase in comparable store sales. Total Food and Beverage revenues increased 1.1%, while revenues from Amusements and Other increased 10.0%.
EBITDA (Modified) for the first quarter of 2008 increased to $27.2 million from $18.8 million in the first quarter of 2007. Adjusted EBITDA, which excludes non-recurring charges, increased 23.6% to $27.7 million versus $22.4 million in the first quarter of 2007.
'We are excited that the sales growth and margin momentum from last year continued through the first quarter of 2008,' said Steve King, Chief Executive Officer. 'We are particularly encouraged by our exceptionally strong amusement sales.'
- Dave & Buster's, Inc. Reports Financial Results for its Fiscal 2009 Third Quarter
- Dave & Buster's, Inc. Reports Financial Results for its Fiscal 2009 Second Quarter
- Dave & Buster's, Inc. Reports Financial Results for its Fiscal 2009 First Quarter
- Got Fun? Four Out of Five Americans Say No
- Dave & Buster's, Inc. Reports Fourth Quarter and Fiscal Year 2008 Results
- Granite City Food & Brewery Reports Fourth Quarter and Fiscal Year 2009 Results
- J. Alexander’s Corporation Reports Results for Fourth Quarter and 2009 Fiscal Year
- Luby's Reports Second Quarter Fiscal 2010 Results
- Noble Roman's Announces Results for 2009
- Diversified Restaurant Holdings Reports 20.8% Revenue Increase in Fourth Quarter of 2009; Full Year Revenue Up 64.5% with New Restaurants
