Why Dave & Buster's Stock Was Falling Today
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Shares of Dave & Buster's Entertainment fell 16.2% after missing revenue and earnings estimates. The company reported flat revenue of $557.4 million, below the expected $562.7 million, and a 3% decline in comparable sales. Adjusted EBITDA dropped from $151.6 million to $129.8 million, with earnings per share falling to $0.40, well below the consensus of $0.92. The new CEO, Tarun Lai, aims to improve guest experience and drive growth, but challenges remain in the broader restaurant industry.
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