Dave & Buster’s Entertainment (PLAY)

Pretax margin

		Feb 4, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	163,100	160,176	172,194	177,082	173,682	158,728	165,227	192,778	127,654	27,392	-45,985	-200,702	-290,406	-190,516	-124,967	5,920	127,142	132,979	144,741	145,834
Revenue (ttm)	US$ in thousands	2,065,800	2,035,652	2,050,484	2,003,725	1,877,325	1,668,361	1,520,082	1,432,751	1,243,626	1,035,659	840,158	527,081	436,512	666,849	857,149	1,150,915	1,354,691	1,339,317	1,322,104	1,296,693
Pretax margin		7.90%	7.87%	8.40%	8.84%	9.25%	9.51%	10.87%	13.46%	10.26%	2.64%	-5.47%	-38.08%	-66.53%	-28.57%	-14.58%	0.51%	9.39%	9.93%	10.95%	11.25%

February 4, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $163,100K ÷ $2,065,800K
= 7.90%

The pretax margin of Dave & Buster’s Entertainment has varied over the past several quarters. The trend indicates fluctuating profitability before taxes, with margins ranging from negative figures to positive percentages. The highest pretax margin was recorded at 13.46% on Jul 31, 2022, while the lowest was at -66.53% on Jan 31, 2021. Despite some periods of negative pretax margins, the company has generally shown improvements in profitability, as seen in the upward trend from late 2021 to early 2023. It is important for investors and stakeholders to closely monitor these fluctuations to assess the company's financial performance and sustainability.