Pent up demand for fun and games after the pandemic is good for
The dining and entertainment company was upgraded by S&P Global Ratings last week to B from B-, signaling its recovering from the Covid-19 lockdown. S&P said the company’s stable outlook reflects an expectation of better earnings because of a significant increase in demand for the arcade and sports-bar-style restaurant.
S&P said it projects adjusted earnings before interest, taxes, depreciation and amortization margins in the “low to mid 30% area” in fiscal 2021, compared to 30.4% in fiscal 2019. Its revenue for the first ...
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