Dave & Buster's, Inc. Reports Financial Results for its Fiscal 2009 Second Quarter
Total revenues decreased 3.5% to $131.5 million in the second quarter of 2009, compared to $136.2 million in the second quarter of 2008.
Dave & Buster's, Inc., a leading operator of high volume entertainment/dining complexes, today announced results for its second quarter ended August 2, 2009.
Total revenues decreased 3.5% to $131.5 million in the second quarter of 2009, compared to $136.2 million in the second quarter of 2008. This revenue decline was comprised primarily of a 10.1% decrease in comparable store sales offset by an $8.8 million increase in revenues from non-comparable operations. Total Food and Beverage revenues decreased 7.3%, while revenues from Amusements and Other increased 0.9%.
EBITDA (Modified) for the second quarter of 2009 of $17.6 million was less than prior year EBITDA (Modified) of $19.6 million by 10.2%. Adjusted EBITDA, which excludes Pre-opening costs, expense reimbursements to affiliates and non-recurring charges, decreased 8.3% to $19.0 million versus $20.7 million in the second quarter of fiscal 2008.
Total revenues for the 26-week period decreased 3.1% to $270.0 million from $278.7 million for the comparable period last year. This revenue reduction was comprised of a 9.0% decrease in comparable store sales partially offset by a $15.8 million increase in revenues from non-comparable operations. Total Food and Beverage revenues decreased 6.1%, while revenues from Amusements and Other increased 0.1%.
EBITDA (Modified) for the 26-week period of $43.5 million was less than prior year EBITDA (Modified) of $46.8 million by 7.0%. Adjusted EBITDA decreased 4.4% to $46.3 million, versus $48.4 million for the comparable period last year.
'Despite ongoing economic headwinds, we've continued to do an outstanding job of delivering for our guests, while continuing to control our costs,' said Steve King, Chief Executive Officer. 'We are positioned to be cash flow positive for the year, while building three new stores, even in this soft sales environment.'
Logos, product and company names mentioned are the property of their respective owners.
- Dave & Buster’s, Inc. Achieves Third Quarter Adjusted EBITDA Growth of 15%
- Dave & Buster's Appoints Michael J. Griffith, Vice Chairman of Activision Blizzard, to Board of Directors
- Dave & Buster's Appoints Jonathan Halkyard, CFO of Caesars Entertainment, and Kevin Sheehan, President and CEO of Norwegian Cruise Lines, to Board of Directors
- Dave & Buster’s, Inc. Reports Financial Results for Second Quarter Ended July 31, 2011
- Dave & Buster’s Entertainment, Inc. Files Registration Statement for Initial Public Offering of Common Stock
- Tootie Pie Company January Same Store Sales Up 23%
- Panera Bread Company Reports Fourth Quarter and Full Year Fiscal 2011 Diluted EPS of $1.42 and $4.65, Both Before One-Time Charge, Up 17% and 28% Over Fiscal 2010
- Chick-fil-A Achieves Record Annual Sales of $4 Billion
- Benihana Inc. Reports Results for Fiscal Third Quarter 2012
- Buffalo Wild Wings, Inc. Fourth Quarter Revenues Up 34.5%
