Dave & Buster's(PLAY)

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Fly Play hf.: Summer Load Factor Trending Up Year Over Year
Globenewswire· 2025-04-07 16:40
Core Insights - PLAY airlines experienced a 16.5% reduction in capacity in March 2025, carrying 111,531 passengers compared to 142,918 in March 2024 [1] - The airline's load factor decreased to 82.0% from 88.1% year-over-year, influenced by a focus on leisure destinations and the timing of Easter [2] - PLAY Europe received its Air Operator Certificate (AOC) from Malta, marking a significant step in the airline's international expansion [4] Passenger and Operational Metrics - In March 2025, 30.7% of passengers were flying from Iceland, 37.5% were traveling to Iceland, and 31.8% were connecting passengers [3] - On-time performance dropped to 83.9% from 94.0% in the previous year, attributed to weather-related disruptions [3] Strategic Developments - PLAY Europe has secured a lease agreement with an Eastern European airline, aiming to operate aircraft outside of Iceland and recruit local pilots and crew [5] - The company plans to launch its first flight to Antalya, Turkey, in April 2025, and will also begin service to Faro, Portugal [6] Future Outlook - The outlook for summer 2025 is positive, with improved seat factors and strong forward bookings to and from Iceland, despite reduced capacity [7] - CEO Einar Örn Ólafsson emphasized the importance of the AOC for financial stability and operational predictability [8]
Fly Play hf: Candidacy for the Board of Directors of PLAY
Globenewswire· 2025-04-07 14:45
Group 1 - The Annual General Meeting of Fly Play hf. is scheduled for April 9, 2025, at 16:00 (GMT) in Reykjavik [1] - The deadline for submitting candidacies for the Board of Directors was April 4, 2025, at 16:00 (GMT) [1] - Five individuals have declared their candidacy for the Board of Directors, and all submissions have been accepted in accordance with relevant regulations [1] Group 2 - As no additional candidacies were submitted, the candidates will be elected without a ballot during the meeting [2] - Additional information regarding the candidates is provided in an attachment [2][3]
Fly Play hf.: Settlement reached with the Financial Supervisory Authority
Globenewswire· 2025-04-04 16:57
Core Viewpoint - Play Airlines has accepted a settlement with the Financial Supervisory Authority of the Central Bank of Iceland regarding compliance issues related to revenue disclosure and operating results for the latter half of 2022 [1][4]. Group 1: Settlement Details - The settlement requires Play Airlines to pay a fine of ISK 15,800,000 and acknowledges the violation of Article 17(1) of the Market Abuse Regulation (MAR) [4]. - The investigation focused on whether the draft Q3 2022 interim financial statements contained inside information and if their disclosure was timely [2]. Group 2: Company Position - Play Airlines maintained that the information in question did not constitute inside information, arguing that their initial forecast was broad and not price sensitive [3]. - The company fully cooperated with the FSA during the investigation, providing all relevant documentation [3].
Countdown to Dave & Buster's (PLAY) Q4 Earnings: Wall Street Forecasts for Key Metrics
ZACKS· 2025-04-02 14:15
Core Viewpoint - Analysts project that Dave & Buster's (PLAY) will report a quarterly earnings per share (EPS) of $0.66, reflecting a year-over-year decline of 35.9% and revenues of $547.99 million, down 8.5% from the same quarter last year [1]. Group 1: Earnings Projections - The consensus EPS estimate for the quarter has been revised downward by 9.3% over the past 30 days, indicating a collective reassessment by covering analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Group 2: Revenue Estimates - Analysts estimate 'Entertainment revenues' will reach $354.75 million, representing a year-over-year decline of 6.4% [5]. - 'Food and beverage revenues' are projected to be $193.21 million, indicating a year-over-year change of -12.3% [5]. - The consensus for 'Stores Count - End of Period' is 232, an increase from 220 reported in the same quarter last year [5]. Group 3: Market Performance - Shares of Dave & Buster's have returned -4.6% over the past month, compared to a -5.3% change in the Zacks S&P 500 composite [6]. - With a Zacks Rank 5 (Strong Sell), Dave & Buster's is expected to underperform the overall market in the near future [6].
Earnings Preview: Dave & Buster's (PLAY) Q4 Earnings Expected to Decline
ZACKS· 2025-03-31 15:01
Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings and revenues for Dave & Buster's in the upcoming earnings report, with actual results being crucial for stock price movement [1][3]. Earnings Expectations - The consensus estimate for quarterly earnings is $0.66 per share, reflecting a year-over-year decrease of 35.9%, while revenues are projected at $547.99 million, down 8.5% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 9.26% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a negative Earnings ESP of -9.09%, suggesting that analysts have lowered their expectations for the company's earnings [11]. Historical Performance - In the last reported quarter, Dave & Buster's was expected to post a loss of $0.42 per share but actually reported a loss of $0.45, resulting in a surprise of -7.14%. Over the last four quarters, the company has only beaten consensus EPS estimates once [12][13]. Overall Assessment - Given the negative Earnings ESP and a Zacks Rank of 5, Dave & Buster's does not appear to be a strong candidate for an earnings beat, and investors should consider other factors before making investment decisions [11][16].
Fly Play hf.: Play Europe Receives Air Operator Certificate in Malta
Globenewswire· 2025-03-28 11:46
Core Points - Play Europe, a subsidiary of Fly Play hf., has received an Air Operator Certificate (AOC) from the Civil Aviation Directorate in Malta, marking a significant milestone for the company [1] - The establishment of Play Europe is part of a restructuring process initiated by Fly Play hf. in October of the previous year, aimed at expanding operations in Europe [1] - Fly Play hf. operates a fleet of ten aircraft and has secured a leasing agreement with an airline operator in Eastern Europe for three aircraft under the new Maltese AOC [2] - The first aircraft registered under the Maltese AOC is an Airbus A321-NEO, manufactured in 2018 [3] - The CEO of PLAY, Einar Örn Ólafsson, emphasized that the leasing projects will enhance profitability and stability for the company, with a positive financial outlook [4] - Charles Pace, Director General of the Civil Aviation Directorate of Malta, welcomed Play Europe as a significant addition to Malta's aviation sector and acknowledged the smooth process of obtaining the AOC [5]
Dave & Buster’s Entertainment, Inc. to Report Fourth Quarter and Fiscal Year End 2024 Financial Results on April 7, 2025
Globenewswire· 2025-03-18 20:05
DALLAS, March 18, 2025 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that it will report financial results for its fourth quarter and fiscal year ended February 4, 2025 after the market closes on Monday, April 7, 2025. Management will host a conference call to discuss these results on Monday, April 7, 2025, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time). A live and ar ...
Continued Unit Revenue Growth
Globenewswire· 2025-03-07 16:01
PLAY airlines carried 86,893 passengers in February 2025, compared to 106,042 in February last year, a reflection of a 13.8% reduction in PLAY’s capacity for the month which is a direct result of the company’s decision to lease one of its aircraft to GlobalX in Miami and adjust its network to better match seasonal demand, as previously announced. PLAY’s load factor in February was 75.8%, compared to 81.0% in February last year. This result aligns with PLAY’s increased focus on leisure destinations in Sou ...
Dave & Buster's Announces Appointment of Cory Hatton to Head of Entertainment Finance, Investor Relations & Treasurer
Newsfilter· 2025-03-04 21:05
DALLAS, March 04, 2025 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company") today announced that it has promoted Cory Hatton to the position of Head of Entertainment Finance, Investor Relations & Treasurer. Cory most recently served as Vice President, Investor Relations & Treasurer of the Company. "I am excited to congratulate Cory on his well-deserved promotion and the next step in his career," said Darin Harper, Chief Financial Officer. "Always weari ...
Dave & Buster’s Announces Appointment of Cory Hatton to Head of Entertainment Finance, Investor Relations & Treasurer
Globenewswire· 2025-03-04 21:05
DALLAS, March 04, 2025 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ: PLAY), ("Dave & Buster's" or "the Company") today announced that it has promoted Cory Hatton to the position of Head of Entertainment Finance, Investor Relations & Treasurer. Cory most recently served as Vice President, Investor Relations & Treasurer of the Company. “I am excited to congratulate Cory on his well-deserved promotion and the next step in his career,” said Darin Harper, Chief Financial Officer. “Always wear ...