Diamonds and Dogs


Having fun at Dave & Busters (PLAY). The Entertainment and dining stock is up 2% today and up 20% in the last week after raising full year guidance. Dave & Busters hit the trifecta, raising fourth quarter comparable store sales numbers while with full year sales and net income guidance. Food and Beverage revenues (42.1% of total revenues in the fiscal third quarter) increased 10.3% year over year to $118.8 million while Amusement and Other revenues (57.9%) rose 14.8% to $163.3 million.

Sherwin-Williams (SHW) missed the mark.  The paint company is down 4% today not far from a 52 week low after lowering guidance for the full year. The CEO said their performance in the fourth quarter was disappointing across the board relative to their outlook back in October. Consolidated revenue growth for the fourth quarter fell well short of previous expectation, due in large part to weak sales growth by North American stores in October and November. Store sales rebounded somewhat in December, but not enough to bring in the quarter.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.