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It’s Labor Day weekend.
Time to take a break from work and school to play.
We’re at Dave & Buster’s.
The ticker symbol is “PLAY”
Dave & Buster’s reports Tuesday September 6th after the bell.
It’s reeled off seven straight beats since its IPO.
The stock has gone up 7% on average one week after earnings.
But as we’ve seen with 2 of our favorites, Broadcom & Ulta Beauty, a stock can go down after great earnings.
Expectations & guidance often determine how a stock tradings after earnings.
We’re predicting another earnings beat for Dave & Buster’s.
The NFL season kicks off Thursday September 8th with a rematch of last year’s Super Bowl, the Panthers vs the Bronocos.
A lot of people watch football here and spend lots of money on food & drinks.
And the next few years look super as well.
Dave & Busters has over 80 locations.
It wants to have over 200 locations.
As companies like Macy’s close 100 stores, look for Dave & Buster’s to replace them as “anchor tenants”
People are buying more clothes online.
But the Dave & Busters model is Amazon-proof.
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