GBA PRESENTS- the public games
- Thread starter stonedinvestor
- Start date
Second Quarter 2024 Financial Highlights
Second quarter revenue of $557.1 million increased 2.8% from the second quarter of 2023.
Comparable store sales decreased 6.3% compared to the same calendar period in 2023.
Net income totaled $40.3 million, or $0.99 per diluted share, compared with net income of $25.9 million, or $0.60 per diluted share in the second quarter of 2023. Adjusted Net income totaled $45.7 million, or $1.12 per diluted share, compared with Adjusted Net income of $40.9 million, or $0.94 per diluted share in the second quarter of 2023.
Adjusted EBITDA of $151.6 million increased 8.1%, or $11.3 million, from the second quarter of 2023.
Other Highlights
The Company opened two new Dave & Buster's stores in Port St. Lucie, FL and Johnson City, NY in the second quarter. Subsequent to the end of the quarter, the Company opened one new Dave & Buster's store in Barboursville, WV and one new Main Event store in Grand Rapids, MI.
The Company remodeled nine Dave & Buster's stores in the second quarter.
The Company closed on its previously announced sale leaseback transaction for the real estate of two Dave & Buster's stores with an institutional real estate investor and generated $45.0 million in proceeds.
During the second quarter, the Company repurchased $47.4 million of shares, bringing its total repurchases year to date to $60.0 million representing 1.2 million shares or 3.1% of the Company's outstanding shares as of the end of fiscal 2023. The Company has $140.0 million remaining on its share repurchase authorization.
Second quarter revenue of $557.1 million increased 2.8% from the second quarter of 2023.
Comparable store sales decreased 6.3% compared to the same calendar period in 2023.
Net income totaled $40.3 million, or $0.99 per diluted share, compared with net income of $25.9 million, or $0.60 per diluted share in the second quarter of 2023. Adjusted Net income totaled $45.7 million, or $1.12 per diluted share, compared with Adjusted Net income of $40.9 million, or $0.94 per diluted share in the second quarter of 2023.
Adjusted EBITDA of $151.6 million increased 8.1%, or $11.3 million, from the second quarter of 2023.
Other Highlights
The Company opened two new Dave & Buster's stores in Port St. Lucie, FL and Johnson City, NY in the second quarter. Subsequent to the end of the quarter, the Company opened one new Dave & Buster's store in Barboursville, WV and one new Main Event store in Grand Rapids, MI.
The Company remodeled nine Dave & Buster's stores in the second quarter.
The Company closed on its previously announced sale leaseback transaction for the real estate of two Dave & Buster's stores with an institutional real estate investor and generated $45.0 million in proceeds.
During the second quarter, the Company repurchased $47.4 million of shares, bringing its total repurchases year to date to $60.0 million representing 1.2 million shares or 3.1% of the Company's outstanding shares as of the end of fiscal 2023. The Company has $140.0 million remaining on its share repurchase authorization.
That's wrong. They didn't increase by 6.3%
It was a "6.3% decrease" over last year. So what does that come to?
Give it a few days dumb dumb. That stock is going up. Low volume nothing day. That's the way it trades.
This thing may get hammered. Depends what they say on the call.
$32 now
Was GME’s profit from interest income?
While we are disappointed with our same store sales performance during the quarter in this complex and challenging environment, we are laser focused on our medium-term goals and encouraged by the progress we are making on each of the initiatives. We fully expect the impact of our initiatives to lead to growth in same store sales, revenue, EBITDA and cash flow in the coming quarters.”
One of these days I'll make a list of words you don't use in a quarterly. "Disappointed" would be one. Some things are better left unsaid when they don't need to be said ya know.
One of these days I'll make a list of words you don't use in a quarterly. "Disappointed" would be one. Some things are better left unsaid when they don't need to be said ya know.
I just looked. No.