Dave & Busters, Inc. has reported its third quarter earnings for 2009. It’s total revenues were reported to have declined 2.1% to $117.2 million, compared to the previous years’ $119.7 million earned during the same period. The decrease is attributed to the 7.4% downfall of comparable store sales, offset by a $5.9 million increase in revenues from non comparable operations.
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The company held a conference call on Tuesday, December 15, following the release of the results. A webcast and full version of the financial results may be found on the company’s website, http://www.daveandbusters.com/.
Dave & Buster's, Inc. (Dave & Buster’s) is an owner and operator of entertainment and dining venues in North America. Each of its locations offers interactive entertainment, including skill/sports-oriented redemption games and technologically advanced video and simulation games, combined with a menu of food and beverages. While its guests are primarily a balanced mix of men and women aged 21 to 44, the Company is also a venue for families with children and teenagers. As of February 1, 2009, the Company owned and operated 52 units in 21 states and Canada. Its units are open seven days a week, from 11:30 a.m. to midnight on weekdays and 11:30 a.m. to 2:00 a.m. on weekends. Its units average approximately 50,000 square feet in size and range between 17,000 and 66,000 square feet. During the fiscal year ended February 1, 2009, Dave & Buster’s opened a total of three stores in Plymouth Meeting, Pennsylvania, Arlington, Texas, and Tulsa, Oklahoma.
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