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Dave & Buster's swings to profit in fiscal Q2

Dave & Buster's Entertainment Inc. said its normalized net income for the fiscal second quarter ended Aug. 3 was 10 cents per share, compared with a loss of 1 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.2 million, compared with a loss of $496,250 in the year-earlier period.

The normalized profit margin rose to 1.7% from negative 0.3% in the year-earlier period.

Total revenue rose 18.0% year over year to $181.4 million from $153.7 million, and total operating expenses increased 15.3% year over year to $164.6 million from $142.8 million.

Reported net income totaled a loss of $13.9 million, or a loss of 42 cents per share, compared to a loss of $98,000, or a loss of 0 cents per share, in the prior-year period.