Dave & Buster’s Entertainment Inc. reported outstanding results for the first quarter of 2022, despite steadily increasing inflation.
Revenue increased to a record $451.1 million compared with $265.3 million in the first quarter of 2021 and $363.6 million in the first quarter of 2019. Total comparable sales increased 10.9% compared with the same period in 2019.
“We set records for revenue, net income and adjusted EBITDA in the first quarter, indicating a return to a normalized operating environment,” said interim CEO Kevin Sheehan. “I am so proud of our teams as they have enthusiastically welcomed back guests to our stores.”
Further growth is expected with the acquisition of the Main Event, a deal that is expected to close in late July.
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