Why Jim Cramer Is Ready to Play With Dave & Buster's

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Dave & Buster's (PLAY) - Get Report reported earnings per share of 66 cents a share on revenue of $331.8 million, beating analysts' forecasts on both metrics.

Same-store sales in the period rose 2.9%, higher than analysts' forecasts of 2.2%. Sales jumped, in part, on a new virtual reality game platform leveraging movies series including "Men in Black" and "Star Trek."

"We are pleased to finish the year on a strong note. On a comparable-week basis, we drove double-digit revenue growth in Q4 as comparable-store sales increased 2.9% and new store performance remained strong," said CEO Brian Jenkins.

Cramer wrote about Dave & Buster's in his morning column over on Real Money.

He wrote:

It's not easy, but Dave & Buster's managed to do it this quarter. And it is worthy of study because the strength has to do with using everything at your disposal to generate excitement, and an experience where you will throw away money playing games for near-worthless prizes that only have value to children, like mine. Of course, before they end up in the landfill, they do generate many nights of sharing pillows with the faces of the youngins'.

He explains why he liked the earnings and what Dave & Buster's is doing right.

Related. Jim Cramer: How Dave & Buster's Is Doing It Right

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