Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Dave & Buster's (NASDAQ:PLAY) and the best and worst performers in the leisure facilities industry.
Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity.
The 12 leisure facilities stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was in line.
In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.
Weakest Q3: Dave & Buster's (NASDAQ:PLAY)
Founded by a former game parlor and bar operator, Dave & Buster’s (NASDAQ:PLAY) operates a chain of arcades providing immersive entertainment experiences.
Dave & Buster's reported revenues of $453 million, down 3% year on year. This print fell short of analysts’ expectations by 2.1%. Overall, it was a softer quarter for the company with a significant miss of analysts’ EPS estimates and a miss of analysts’ adjusted operating income estimates.
“On behalf of our whole Board, I would like to thank Chris for the effort he put into this great company over the past two and a half years and wish him well in his future endeavors,” said Kevin Sheehan, Chair of the Board and interim CEO of Dave & Buster’s.
The stock is down 34.8% since reporting and currently trades at $23.99.
Read our full report on Dave & Buster's here, it’s free.
Best Q3: Live Nation (NYSE:LYV)
Owner of Ticketmaster and operator of music festival EDC, Live Nation (NYSE:LYV) is a company specializing in live event promotion, venue management, and ticketing services for concerts and shows.
Live Nation reported revenues of $7.65 billion, down 6.2% year on year, falling short of analysts’ expectations by 2%. However, the business still had a very strong quarter with a solid beat of analysts’ adjusted operating income estimates.
The market seems happy with the results as the stock is up 25.1% since reporting. It currently trades at $154.99.
Is now the time to buy Live Nation? Access our full analysis of the earnings results here, it’s free.
United Parks & Resorts (NYSE:PRKS)
Parent company of SeaWorld and home of the world-famous Shamu, United Parks & Resorts (NYSE:PRKS) is a theme park chain featuring marine life, live entertainment, roller coasters, and waterparks.
United Parks & Resorts reported revenues of $545.9 million, flat year on year, falling short of analysts’ expectations by 0.7%. It was a slower quarter as it posted a miss of analysts’ visitors and adjusted operating income estimates.
As expected, the stock is down 7.5% since the results and currently trades at $52.58.
Read our full analysis of United Parks & Resorts’s results here.
Vail Resorts (NYSE:MTN)
Founded by two Aspen, Colorado ski patrol guides, Vail Resorts (NYSE:MTN) is a mountain resort company offering luxury experiences in over 30 locations across the globe.
Vail Resorts reported revenues of $260.3 million, flat year on year. This print topped analysts’ expectations by 4%. Overall, it was a very strong quarter as it also recorded an impressive beat of analysts’ EBITDA estimates.
The stock is down 13.6% since reporting and currently trades at $164.93.
Read our full, actionable report on Vail Resorts here, it’s free.
Xponential Fitness (NYSE:XPOF)
Owner of CycleBar, Rumble, and Club Pilates, Xponential Fitness (NYSE:XPOF) is a boutique fitness brand offering diverse and specialized exercise experiences.
Xponential Fitness reported revenues of $80.49 million, flat year on year. This number surpassed analysts’ expectations by 5.5%. Zooming out, it was a mixed quarter as it also logged an impressive beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ EPS estimates.
Xponential Fitness delivered the biggest analyst estimates beat but had the weakest full-year guidance update among its peers. The stock is up 36.5% since reporting and currently trades at $17.33.
Read our full, actionable report on Xponential Fitness here, it’s free.
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