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Dave & Buster's fiscal Q3 loss narrows YOY

Dave & Buster's Entertainment Inc. said its normalized net income for the fiscal third quarter ended Nov. 2 came to a loss of 9 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 9 cents per share.

The per-share loss narrowed 61.5% year over year from 24 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $3.3 million, compared with a loss of $8.1 million in the year-earlier period.

The normalized profit margin climbed to negative 2.0% from negative 5.7% in the year-earlier period.

Total revenue rose 14.9% on an annual basis to $163.5 million from $142.3 million, and total operating expenses grew 13.5% year over year to $162.6 million from $143.2 million.

Reported net income came to a loss of $4.5 million, or a loss of 13 cents per share, compared to a loss of $10.2 million, or a loss of 31 cents per share, in the year-earlier period.