DJ Dave & Buster's Shares Fall 15%
By Allison Prang
Dave & Buster's Entertainment Inc. shares slipped 15% Thursday morning after the company warned it could have to file for bankruptcy.
Shares of Dave & Buster's were trading at $16.31 a share Thursday morning. The company, which has also announced layoffs, recently said that location closures because of the Covid-19 pandemic have hurt revenue and foot traffic.
The company has reopened almost 90 locations but owned over 130 locations as of last month.
Year to date, shares of the company have fallen 59%.
--Jonathan Randles and Alexander Gladstone contributed to this report.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
September 17, 2020 10:10 ET (14:10 GMT)
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