Dave and Busters
July 10, 2010 by Post Team
Dave and Busters:First-quarter profits at Dave & Buster’s Inc. fell 24 percent, the company said Tuesday, as the harsh climate in the Northeast closed some restaurants and kept customers out of their home.
The Dallas-based company, which earlier this month was sold to a private equity firm led by Fort Worth philanthropist Robert M. Bass, reported net income of $ 3.9 million, down from $ 5,200,000 a year ago.
Revenue for the quarter ended May 2 rose 2.3 percent to $ 141.6 million. An increase of $ 6.5 million of sales in newer stores were offset by a 2.5 percent decline in same store sales.
Founded in 1982, Dave & Buster’s operates 57 restaurants including large entertainment such as pool tables and video games.
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