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Dave And Buster's Reports Quarterly Earnings
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Dave & Buster’s climbs as execs optimistic about Q2, despite mixed Q1

The adult arcade chain missed profit estimates, but company officials say traffic is starting to bounce back.

Nia Warfield

Shares of Dave & Buster’s jumped by double digits Wednesday afternoon after the company posted mixed Q1 results following Tuesday’s close. Adjusted earnings per share landed at $0.76, majorly missing Wall Street estimates of $1.01, per FactSet. Revenue, meanwhile, fell nearly 4% to $567.7 million, but still topped analysts’ forecasts of $566.8 million.

Spending fell across the board, with guests pulling back on both food and entertainment. Comparable-store sales dropped 8.3%. During the quarter, the company opened two new stores and relocated one.

Despite the slowdown, execs struck a hopeful tone. “Through the first five weeks of Q2, we’re seeing further sequential improvement, with comps down just 2.2%,” CFO Darin Harper said on the earnings call. “We believe that reflects the impact of the various initiatives we’ve focused on this year, and there remains a lot of work ahead.”

The company also highlighted a strong Memorial Day weekend and increasing popularity for its Eat & Play Combo, which has helped lift food sales. “We’re still in the early innings, but we feel like we’re building the right momentum,” Harper added. 

Despite today’s rally, Dave & Buster’s shares are still flat on the year and down 38% over the past 12 months.

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Nate Becker

WSJ reports GameStop is preparing an offer for eBay and has quietly been building a stake in the company

GameStop is preparing an offer for eBay and has been quietly building a stake in the company, according to a report from The Wall Street Journal, a move it calls “part of CEO Ryan Cohen’s audacious plan to turn the trailer into a $100 billion-plus juggernaut.”

From WSJ:

GameStop, which has a market value of around $12 billion, has been quietly building a stake in eBay’s shares ahead of a potential offer, the people said. EBay is several times GameStop’s size, with a market value of around $46 billion. 

GameStop could submit an offer for eBay as soon as later this month, the people said. 

If eBay isn’t receptive, Cohen could decide to take the offer directly to eBay’s shareholders, one of the people added. Details of the potential offer for eBay couldn’t be learned. 

Shares of GameStop rose 7.4% after hours following the report, while eBay soared 12%. 

GameStop Preparing Offer for eBay

GameStop Preparing Offer for eBay

GameStop, which has a market value of around $12 billion, has been quietly building a stake in eBay’s shares ahead of a potential offer, the people said. EBay is several times GameStop’s size, with a market value of around $46 billion. 

GameStop could submit an offer for eBay as soon as later this month, the people said. 

If eBay isn’t receptive, Cohen could decide to take the offer directly to eBay’s shareholders, one of the people added. Details of the potential offer for eBay couldn’t be learned. 

Shares of GameStop rose 7.4% after hours following the report, while eBay soared 12%. 

Tasha Matsumoto
14h
Stocks set second consecutive closing highs

The S&P 500 posted its fifth weekly gain, its longest weekly winning streak since 2024.

Chicago Bulls Dennis Rodman (91), Scottie Pippen (33) and Michael Jordan (23) during game vs Miami Heat. Miami, FL 2/23/1996
Max Knoblauch

US airlines pop on report Spirit preparing to shut down as government rescue deal fails to gain support

US airlines are spiking on Friday following a Wall Street Journal report that low-budget carrier Spirit Airlines is preparing to shut down. According to CBS News, the airline could cease operations as early as Saturday, barring an intervention.

In late April, President Trump said he would “love somebody to buy Spirit.” The administration weighed a $500 million rescue package, though it received significant blowback from members of Congress and ultimately didn’t receive support from Spirit’s creditors.

On Friday, Trump told reporters that the administration has given Spirit a “final proposal.”

Shares of Spirit’s rivals surged on the report, with budget carriers like Frontier Airlines and JetBlue climbing by double digits. The big four — Delta Air Lines, United Airlines, American Airlines, and Southwest Airlines — rose by low single digits. Alaska Air and Allegiant also saw a bump.

markets
Helena Cheng

Estée Lauder gets a glow-up after earnings beat, guidance hike

Estée Lauder shares are soaring after the beauty giant released Q3 earnings results that topped expectations and raised its full-year outlook, while also expanding its restructuring plan.

The key numbers:

  • Revenue of $3.71 billion (compared to analysts’ estimate of $3.69 billion).

  • Adjusted earnings per share of $0.91 (estimate: $0.65).

Estée Lauder also lifted its full-year earnings outlook to a range of $2.35 to $2.45 per share, up from $2.05 to $2.25 previously.

The bottom line is getting flattered by job cuts, with management increasing that target to as many as 10,000 roles, up from a prior range of 5,800 to 7,000, as part of a broader effort to streamline operations and shift toward faster-growing sales channels.

The rally comes after a tough stretch for the stock, which is down more than 20% year to date, with the results inspiring hope that its turnaround efforts will bear fruit.

CEO Stéphane de La Faverie said fiscal 2026 is “promising to be the pivotal year we intended,” with the company expecting to restore organic sales growth and expand margins for the first time in four years.

Amid these positive signals, Estée Lauder flagged risks from tariffs, geopolitical tensions, and potential disruptions tied to the Middle East.

Matt Phillips
20h

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