Benzinga | Dec 7, 2021 04:18PM EST

Dave & Buster's Sees Q4 2021 Comparable Store Sales To Be Slightly Positive Vs Q4 2019

Based on current trends, the Company currently expects the following:

* Fourth quarter comparable store sales to be slightly positive compared with the fourth quarter of 2019. Walk-in comparable store sales are expected to remain strong, while Special Events comparable store sales will be a temporary headwind and will have a larger impact on total comparable store sales due to higher historical weightings in the fourth quarter.

* Fourth quarter Adjusted EBITDA margin to increase by approximately 200 bps compared with the fourth quarter of 2019.

* A total of four new store openings during fiscal year 2021 and the relocation of one existing location. Fiscal 2021 capital additions (net of tenant allowances) of approximately $100 million, with approximately 43% dedicated to new stores and improvements to existing stores, 14% for games, and 43% for infrastructure upgrades and replacements.