Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) insider has recently participated in insider trading activity. SVP & CFO, JENKINS BRIAN sold 3,000 shares for $102,236 via one transaction Feb 17. Another notable insider trading was done by Mulleady John on Feb 16, who is the SVP, RE & Dev. The insider Sold 5,000 shares at an average price of $33.86. Moreover, an insider selling of 1,260 shares was carried out by DeProspero Joseph Benjamin, Vice President of Finance, on Feb 16. Following the transaction, the insider now owns 18,032 in total. SVP, Gen Counsel & Sec TOBIN JAY L sold 1,000 shares for $30,721 through one transaction Feb 08. Following this sale, this insider’s stake in the company comprises 102,071 shares, priced at $3448979.09 as of Thursday.
The stock has experienced a total of 20 insider trades in the past three months. These trades include 20 sell activities and 0 buy trades. Furthermore, over the past 12 months, the stock was traded 70 times by insiders. In 64 of these trades, the insider was a seller while an employee of the company was the buyer in just 6 instances.
Dave & Buster’s Entertainment, Inc. (PLAY) on December 8, 2015 announced financial results for its third quarter 2015, which ended on November 1, 2015. The Company also raised its guidance for the full year 2015.
Key highlights from the third quarter 2015 compared to the third quarter 2014 include:
- Total revenues increased 17.9% to $192.8 million from $163.5 million.
- Comparable store sales increased 8.8% vs. an 8.7% increase in last year’s third quarter.
- Opened one store and relocated one store in the third quarter 2015.
- Adjusted EBITDA, a non-GAAP measure, increased 40.3% to $34.5 million from $24.6 million. As a percentage of total revenues, Adjusted EBITDA increased approximately 290 basis points to 17.9%.
- Net income of $4.6 million, or $0.11 per diluted share, compared to net loss of $4.6 million, or $(0.13) per share, in the third quarter 2014.
- Pro forma net income, a non-GAAP measure, of $5.0 million, or $0.12 per diluted share, compared to pro forma net loss of $2.3 million, or $(0.06) per share, in the same period last year.
- Signed master development agreement for seven stores in the Middle East.
“Dave & Buster’s is experiencing a phenomenal year of record results and we are very pleased to be increasing our annual guidance for the third consecutive time. Quarterly comparable store sales rose 8.8%, inclusive of an estimated negative 110 basis point Halloween calendar shift, and despite lapping an 8.7% gain from the prior year. We have now marked the 14th quarter in a row that we have exceeded the competitive industry benchmark while on a two-year stacked basis comparable trends of 17.5% were also higher sequentially than the previous two quarters of 16.7% and 14.6%, respectively. Guests continued to respond well to our ‘Summer of Games’ promotion which concluded in the third quarter along with our subsequent football-related promotions along with new food and beverage introductions. Our sales strength during the third quarter was well-represented across categories, operating days, day-parts, and geographies. We also set third quarter records for Adjusted EBITDA and Margins by leveraging operating costs into substantially higher profitability as we benefitted from the ongoing business shift to our higher-margin amusement category even as our food and beverage categories grow,” said Steve King, Chief Executive Officer.
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