Dave & Buster's Shares Plunge 17% on Q2 Earnings Miss

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Summary · why it matters

Dave & Buster's Entertainment shares plunged 17% in premarket trading after the arcade and restaurant company's second-quarter results disappointed investors. Reported revenue of $544.1 million missed the $556.8 million FactSet consensus estimate, while adjusted EBITDA of $98.9 million fell short of the expected $120.4 million. The company also posted an unexpected adjusted loss of 27 cents per share, missing the profit of 18 cents a share expected by analysts polled by FactSet. Enova International tumbled more than 15% after the online provider of loans and credit services said it is withdrawing its regulatory applications for the proposed acquisition of Grasshopper Bancorp, though it reaffirmed third quarter and full year guidance and announced an intention to accelerate share repurchases. Sysco slid nearly 2% after the wholesale distributor to restaurants, hospitals and schools announced a common stock offering of 12.3 million shares priced at $81 per share, and Etsy popped 3% after Oppenheimer upgraded the online marketplace to outperform from perform with a $90 price target.

Impact on stocks 5

Consumer Discretionary± Mixed · 2 stocks
Etsy, Inc.
ETSY
▲ PositiveCapitalrelevance

Oppenheimer upgraded Etsy to outperform from perform with a $90 price target, lifting the stock 3%.

Digital Finance & Tokenization · 1 stocks
Enova International Inc
ENVA
▼ NegativeRegulationrelevance

Enova is withdrawing its regulatory applications for the proposed Grasshopper Bancorp acquisition, a setback that sent shares down over 15%.

Consumer Staples · 1 stocks
Sysco Corporation
SYY
▼ NegativeCapitalrelevance

Sysco announced a 12.3 million share common stock offering priced at $81 per share, pressuring shares nearly 2%.

Financials · 1 stocks