The chart below shows how PNST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PNST sees a -4.98% change in stock price 10 days leading up to the earnings, and a -27.59% change 10 days following the report. On the earnings day itself, the stock moves by -0.16%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase Overview: Total revenue increased 7.5% to $26.5 million, compared to $24.6 million in the same quarter last year, including an 8.6% increase in food and beverage revenues, and a 3.6% increase in recreation revenues.
New Store Openings Impact Revenue: The company opened four new stores in the second quarter of fiscal 2025, contributing to the increase in total revenue.
Food and Beverage Cost Increase: The cost of food and beverage as a percentage of total revenue increased 10 basis points to 17.5%, primarily due to cost efficiencies offsetting changes in product mix.
Labor Cost Increase: Labor and benefits as a percentage of total revenue increased 100 basis points to 38.9%, primarily due to the addition of four new stores contributing to higher store labor and benefit costs.
Mature Store Contribution Margin: The company's mature stores, those open more than 24 months, generated average contribution margins of 8.3%, representing a 50 basis point increase year-over-year, driven primarily by cost efficiency improvements.
Negative
Consumer Spending Pressure: Consumer wallets remain pressured, with our open play business down approximately 13% year-over-year in Q2, while our event business was only down approximately 6%.
Revenue Increase Overview: Total revenue increased 7.5% to $26.5 million, compared to $24.6 million in the same quarter last year, including an 8.6% increase in food and beverage revenues, and 3.6% increase in recreation revenues.
Food and Beverage Cost Increase: Cost of food and beverage as a percentage of total revenue increased 10 basis points to 17.5%, primarily due to cost efficiencies offsetting changes in product mix.
Labor and Benefits Increase: Labor and benefits as a percentage of total revenue increased 100 basis points to 38.9%, primarily due to the addition of four new stores contributing to higher store labor and benefit costs.
Same-Store Sales Performance: Third quarter-to-date through November 24, 2024, same-store sales decreased 8.1%, with the last two weeks up 10.1%.
Pinstripes Holdings, Inc. (PNST) Q2 2025 Earnings Call Transcript
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