Reported 7 months ago
Shares of Dave & Buster's (PLAY) are declining as the company's first-quarter earnings fall below expectations, with revenues missing estimates and comparable sales dropping by 5.6% year over year. Analysts cite macroeconomic pressures impacting discretionary spending. Despite the revenue decline and weaker sales, analysts like Jeffrey's are reiterating a buy on the stock but are lowering price targets. The market is reacting negatively to the news, with shares falling about 11.5% in Thursday's trading session.
Source: YAHOO