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White Hutchinson Leisure & Learning Group, Kansas City, MO, USA
Vol. XXIII, No. 4, April 2023
- Editor's corner (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article101.shtml#article)
- Are Dave & Buster's same store sales really increasing? (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article102.shtml#article)
- The Big Mac index (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article103.shtml#article)
- Satisfaction with attraction visits is down (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article104.shtml#article)
- How much is time at your venue worth? Understanding the money value of time (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article105.shtml#article)
- Gen Z slang (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article106.shtml#article)
- Industry veteran still going strong at 90 (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article107.shtml#article)
- Human contact is becoming a luxury - The rise of participatory social eatertainment (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article108.shtml#article)
- Possible explanation for declining births (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article109.shtml#article)
- Who will pay extra fees for the ideal seats in a movie theater? (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article110.shtml#article)
- More about the weekday daytime leisure economy (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article111.shtml#article)
[ Index of Previous eNewsletters (www.whitehutchinson.com/ news/ lenews/ previous.shtml) ]
Are Dave & Buster's same store sales really increasing?
Dave & Buster's recently reported their financial results for the
4th quarter of 2022, which ended January 29th this year. The
results reflect the combined ownership of Dave & Buster's and Main
Event stores. Fourth quarter same store sales were up 19% compared to the
4th quarter of 2021. However, when compared to the 4th
quarter of 2019, which ended in January right before the start of the
pandemic, same store sales were only up 14.1%.
Financial results don't tell the whole truth during periods of high
inflation. Due to inflation, a dollar of sales in Q4 2022 is not worth as
much as a dollar of sales in Q4 2019. The U.S. Bureau of Labor Statistics
reports that inflation between December 2019 (midpoint in the 4th
quarter) and December 2022 was 15.5%. That exceeds the 14.1%
increase in the same store sales D&B reported. In reality, their same
store sales have really declined by about 9% compared to the prepandemic
4th quarter when adjusted for inflation.
They reported that same store Special Event business was recovering. It was
down only 6.4% in Q4 2022 compared to Q4 2019. Of course, if inflation is
considered, it is substantially down by over 20%.
Some other highlights:
Subscribe to monthly Leisure eNewsletter (www.whitehutchinson.com/ subscribe/ lenews/ )
Vol. XXIII, No. 4, April 2023
- Editor's corner (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article101.shtml#article)
- Are Dave & Buster's same store sales really increasing? (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article102.shtml#article)
- The Big Mac index (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article103.shtml#article)
- Satisfaction with attraction visits is down (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article104.shtml#article)
- How much is time at your venue worth? Understanding the money value of time (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article105.shtml#article)
- Gen Z slang (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article106.shtml#article)
- Industry veteran still going strong at 90 (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article107.shtml#article)
- Human contact is becoming a luxury - The rise of participatory social eatertainment (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article108.shtml#article)
- Possible explanation for declining births (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article109.shtml#article)
- Who will pay extra fees for the ideal seats in a movie theater? (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article110.shtml#article)
- More about the weekday daytime leisure economy (www.whitehutchinson.com/ news/ lenews/ 2023/ april/ article111.shtml#article)
[ Index of Previous eNewsletters (www.whitehutchinson.com/ news/ lenews/ previous.shtml) ]
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