Dave & Buster's Entertainment Reports Net Income of $70.1 Million for the First Quarter of 2023

Dave & Buster's Entertainment, Inc.(PLAY), a leading entertainment and dining desti nation, announced its financial results for the first quarter of 2023. The company reported a net income of $70.1 million, demonstrating a strong performance during the period. The revenue for the quarter reached $597.3 million, indicating significant growth compared to the same period last year. Let's delve deeper into the financial information provided by Dave & Buster's Entertainment, Inc.

Financial Statements

Consolidated Balance Sheets

Dave & Buster's Entertainment, Inc. reported total assets of $3,694.4 million as of April 30, 2023. The company's current assets stood at $207.6 million, including $91.5 million in cash and cash equivalents. Additionally, inventories amounted to $47.9 million, while prepaid expenses reached $27.2 million. Dave & Buster's Entertainment, Inc. also held $20.7 million in income taxes receivable and $20.3 million in accounts receivable.