Why Dave & Buster's Shares Jumped 12.2% in October
Shares of Dave & Buster's (NASDAQ: PLAY) jumped 13.2% in October, according to data from S&P Global Market Intelligence, after giving some positive news to investors. Shares have continued to rise in November, moving 7.8% higher in the first week of trading.
Management gave an operational update mid-month and said comparable sales were down 62% in September after falling 75% in August and 87% in the second quarter. So revenue trends are heading in the right direction. Some stores still aren't open, but the ones that are continue to see operational improvement.
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Source Fool.com
