You can't really rely on the figures reported by Yahoo! though. If you look at the history of insider purchase/sale, the last updated entry by Yahoo! Finance is in April 2012. So, I'm not sure of what the exact figures are at this time.
The problem is....we've been saying the same thing about the rewards every call for about 3 years now. Obviously, ever single time, I hope it's true, because I'm ready to make some money here. What they need to show here this quarter is that distribution is in line and that, because of that we'll see a significant uptick from our mediocre sales in the past years. It shouldn't be hard to have a positive increase q/q or y/y, but there needs to be evidence that this will happen.
I will be curious if there are any newcomers to the fountain deal since it's announcement, or any in the pipeline. Here's to hoping....yet again!
I wasn't posting in regards to your specific issue, just stating that I was at a location and it was very busy.
Now, if anyone is missing the point, I think it is you. You are trying to compare D&B to Chuck E Cheese. The only comparison you can make between the two is that they both have video games. The comparison ends there.
Dave and Busters operates a full scale restaurant, is basically a sports bar, and operates the gaming business as well.
Chuck E Cheese, was, and is essentially a kids entertainment company. Dave and Busters caters to kids, adults, companies, sports junkies etc. Now obviously, if video games were to disappear from D&B it wouldn't be the same, and that would really hurt them. However, I don't see that happening. If anything, it appears these days that the arcades are coming back in to the mainstream.
Many disappeared from the malls and such back in the 90's, but I've seen more and more popping up these days. I think the trend is coming back.
Basically my point is, you cannot compare D&B to Chuck E Cheese.
I really hope on the upcoming call they go into some detail on the fountain distribution. I would like to know if there are actually restaurants/convenience stores signing on for this. Particularly, outside of the base Seattle area.
I don't think fountains will be a huge money maker for the company, but it may produce "reach" if it is adopted by any chains (even smaller ones). The fact of the matter is, very few restaurants/eateries offer bottled beverages, so people may never be exposed to the Jones line if it's only in bottle form. The fountain idea would let them reach a broader audience of people, who may have never tried the line.
I'm just not sure how easily it's going to be to get in to locations that are basically monopolized by Pepsi & Coke.
I was at the location in Pittsburgh on Saturday night....and that place was unbelievably packed. The restaurant was loaded, and the game room was insanely busy. My one beef with the place was that the prize room was almost bare! Shelves were cleared out, and I didn't see any of the usual big ticket items out on display.
I don't know if this was due to them being so busy, or if it was just botched. But, there was definitely revenue rolling in for sure.