Dave & Buster's Entertainment Inc. said its normalized net income for the fiscal fourth quarter ended Feb. 1 came to 30 cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.
EPS rose year over year from 11 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $14.4 million, an increase from $4.0 million in the prior-year period.
The normalized profit margin increased to 6.9% from 2.3% in the year-earlier period.
Total revenue rose 20.8% year over year to $207.1 million from $171.4 million, and total operating expenses increased 17.0% from the prior-year period to $179.1 million from $153.1 million.
Reported net income increased on an annual basis to $14.9 million, or 32 cents per share, from $4.7 million, or 13 cents per share.
For the year, the company's normalized net income totaled 66 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 73 cents.
EPS rose from 6 cents in the prior year.
Normalized net income was $24.4 million, a gain from $2.0 million in the prior year.
Full-year total revenue increased 17.5% on an annual basis to $746.8 million from $635.6 million, and total operating expenses increased 15.1% year over year to $672.9 million from $584.5 million.
The company said reported net income increased on an annual basis to $7.8 million, or 21 cents per share, in the full year, from $2.0 million, or 6 cents per share.
