Dave Buster''s Reports Second Quarter 2022 Financial Results
DALLAS, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Dave Buster''s Entertainment, Inc., (NASDAQ: PLAY ), ("Dave Buster''s" or "the Company"), an owner and operator of entertainment and dining venues, today announced financial results for its second quarter ended July 31, 2022. Key Second Quarter 2022 Highlights The Company completed its acquisition of Main Event on June 29, 2022. The Company implemented over $11.5 million of annualized cost synergies to date that will be realized in future quarters and increased its target annualized cost synergies from $20.0 million to $25.0 million. Record second quarter revenue of $468.4 million increased 35.9% from the second quarter of 2019 and increased 24.0% from the second quarter of 2021. Main Event branded stores contributed $51.4 million of revenue during the quarter. Total comparable sales at Dave Buster''s branded stores increased 9.6% compared with the same period in 2019. Total comparable sales at Main Event branded stores increased 29.7% during the period from June 29 through July 31, 2022 compared with the same period in 2019.
Dave Buster''s Reports Second Quarter 2022 Financial Results
DALLAS, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Dave Buster''s Entertainment, Inc., (NASDAQ: PLAY ), ("Dave Buster''s" or "the Company"), an owner and operator of entertainment and dining venues, today announced financial results for its second quarter ended July 31, 2022. Key Second Quarter 2022 Highlights The Company completed its acquisition of Main Event on June 29, 2022. The Company implemented over $11.5 million of annualized cost synergies to date that will be realized in future quarters and increased its target annualized cost synergies from $20.0 million to $25.0 million. Record second quarter revenue of $468.4 million increased 35.9% from the second quarter of 2019 and increased 24.0% from the second quarter of 2021. Main Event branded stores contributed $51.4 million of revenue during the quarter. Total comparable sales at Dave Buster''s branded stores increased 9.6% compared with the same period in 2019. Total comparable sales at Main Event branded stores increased 29.7% during the period from June 29 through July 31, 2022 compared with the same period in 2019.