Dave & Buster's, Inc. Reports Second Quarter Store Sales.DALLAS -- Dave & Buster's, Inc., a leading operator of upscale restaurant/entertainment complexes, today announced second quarter comparable store sales increased 5.3 percent for the three months ended July 30, 2006. Special events sales for the second quarter of 2006 were 14.4 percent of total sales compared with 13.8 percent of total sales in last year's second quarter.
Comparable store sales for Dave & Buster's were as follows
Second Quarter Second Quarter
Ended July 30, Ended July 31,
2006 2005
---------------- ---------------
Comp Food Sales 5.2% 7.2%
Comp Beverage Sales 6.7% 2.5%
Comp Amusements Sales 4.9% (5.8%)
Total Comp Store Sales 5.3% 0.2%
"We are delighted with our significantly positive same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of results," said the company's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. & Co-founder, Buster Corley. "Our teams continue to increase sales in spite of economic pressures and trends in our industry." Celebrating over 23 years of operations, Dave & Buster's was founded in 1982 and is one of the country's leading upscale, restaurant/entertainment concepts with 47 locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in Canada. More information on the Company is available on the Company's website, www.daveandbusters.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in this press release regarding Dave & Buster's business which are not historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the company's Annual Report or Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the most recently ended fiscal year. |
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