Dave & Buster’s Entertainment Inc. shares dropped in the extended session Monday after the games-themed restaurant chain’s quarterly results fell below Wall Street expectations.
Dave & Buster’s
shares fell 9% after hours, following a 0.5% decline in the regular session to close at $43.12.
The company reported fourth-quarter net income of $26.7 million, or 52 cents a share, versus a loss of $56.8 million, or $1.19 a share, in the year-ago period.
Revenue rose to $343.1 million from $116.8 million in the year-ago quarter.
Analysts surveyed by FactSet had forecast earnings of 61 cents a share on revenue of $364.5 million.
“Despite continuing headwinds from COVID-19 (including vaccine requirements in certain markets) we saw strong sales across our stores in fiscal 2021,” said Kevin Sheehan, Dave & Buster’s chairman and interim chief executive, in a statement.