Competition Keeps Getting in Dave & Buster's Way
Dave & Buster's (NASDAQ: PLAY) recently announced earnings results that did little to change the investing picture that has taken shape over the last few quarters. The restaurant stock is still struggling in a competitive landscape, and those challenges hurt sales growth and customer traffic. Annual earnings, meanwhile, are on pace to decline for a second straight year despite the chain's growing store base.
Those negative trends are countered by good news on the financial front, and by the fact that operating trends aren't deteriorating as much as investors had feared. With that big picture in mind, let's take a look at the third-quarter results.
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Source Fool.com
