On Wednesday, in the course of current trade, Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY), climbed 2.63%, and is now trading at $ 2.63.
Dave & Buster’s Entertainment, declared financial results for its first quarter 2015, which ended on May 3, 2015. The Company also raised its guidance for the full year 2015.
Key highlights from the first quarter 2015 contrast to the first quarter 2014 comprise:
- Total revenues raised 14.3% to $222.7 million from $194.8 million.
- Comparable store sales raised 9.9% vs. a 4.7% enhance in last year’s first quarter.
- Opened two stores in the first quarter 2015.
- Adjusted EBITDA, a non-GAAP measure, raised 22.3% to $61.9 million from $50.6 million. As a percentage of total revenues, Adjusted EBITDA raised about 180 basis points to 27.8%.
- Net income of $19.5 million, or $0.45 per diluted share, contrast to $11.5 million, or $0.34 per diluted share, in the first quarter 2014.
- Pro forma net income, a non-GAAP measure, of $20.0 million, or $0.46 per diluted share, contrast to $14.2 million, or $0.33 per diluted share, in the same period last year.
Dave & Buster’s Entertainment, Inc. owns and operates venues that combine dining and entertainment for adults and families in North America. Its venues offer a menu of Fun American New Gourmet entrées and appetizers, in addition to a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.
During an Afternoon trade, Shares of Liberty Interactive Corp (NASDAQ:QVCA), climbed 1.93 %, and is now trading at $ 28.45.
Liberty Interactive, declared projected merger of Charter Communications, Inc. (“Charter”) and Time Warner Cable Inc. (“TWC”). The proceeds of this investment will be used by Liberty Broadband to fund, in part, its agreement to acquire $4.3 billion of Charter stock. Liberty Broadband’s acquisition will be made in support of (and contingent upon) the closing of the Charter-TWC merger. In connection with these transactions, it is predictable that Charter will undergo a corporate reorganization, resulting in a current partner of Charter becoming the publicly traded parent company (“New Charter”). Liberty Interactive’s investment in Liberty Broadband will be funded using cash on hand and will be attributed to the Liberty Ventures Group.
“We are excited for Liberty Interactive to make this attractive investment in Liberty Broadband, providing our shareholders with the unique opportunity to realize value from the projected consolidation in the cable industry declared recently by Charter,” said Greg Maffei, President and CEO of Liberty Interactive. “Through this transaction, Liberty Interactive has the ability to deploy a noteworthy amount of capital and become a meaningful shareholder of Liberty Broadband.”
Liberty Interactive Corporation, through its auxiliaries, engages in the video and on-line commerce industries in North America, Europe, and Asia. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications.
Shares of Global Defense & National Scrty Sys Inc (NASDAQ:GDEF), during its Wednesday’s current trading session raised 0.09%, and is now trading at $ 10.58.
Global Defense & National Scrty Sys, declared that they have reached a definitive agreement to form a planned business combination. The combination, with an approximate value of USD165.5m through a cash and stock transaction, is predictable to provide STG with capabilities and capital in order to pursue growth opportunities.
STG is a specialist provider supporting more than 50 U.S. federal agencies. It operates across three key segments: cybersecurity and secure information systems; software development, systems and services; and intelligence and analytics. GDEF was established by the leadership of Global Strategies Group, the international defense and national security company, and accomplished its initial public offering in October 2013 with the strategy to build a mission focused mid-tier technology provider.
Global Defense & National Security Systems, Inc. does not have noteworthy operations. The company intends to acquire operating businesses or assets through merger, capital stock exchange, asset acquisition, stock purchase, reorganization, exchangeable share transaction, or other similar business transactions in the United States. Global Defense & National Security Systems, Inc. was founded in 2013 and is based in Reston, Virginia.
Finally, Xenia Hotels & Resorts Inc (NYSE:XHR), lost -0.38% Wednesday, hitting its highest level.
Xenia Hotels & Resorts, declared that its Board of Directors has authorized a cash dividend of $0.23 per share of the Company’s common stock for the second quarter of 2015. The dividend will be paid on July 15, 2015 to all holders of record of the Company’s common stock as of the close of business on June 30, 2015.
The Board of Directors also authorized a cash dividend for a partial six month period of $61.11 per share of the Company’s 12.5% Series A Cumulative Non-Voting Preferred Stock for the first six months of 2015. The dividend will be paid on June 30, 2015 to all holders of record of the preferred stock as of the close of business on June 15, 2015.
Xenia Hotels & Resorts, Inc. operates as a self-advised and self-administered REIT that invests in full service hotels in the United States. As of December 31, 2014, it owned 46 hotels comprising 12,636 rooms across 19 states and the District of Columbia. The company is based in Orlando, Florida.
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