For the fourth quarter 2004, special event revenue, ona comparable store basis, increased to account for23.4% of total revenue compared to 22.2% for the sameperiod last year. For fiscal year ended January 2005,party and special event revenue, on a comparable storebasis, was 16.2%of total revenue compared to 15.3% forfiscal year 2004.
According to Dave & Buster's, total revenue for thequarter increased 21.4% to $121.4 million from $100million compared to the same period last year.However, revenue from comparable stores decreased1.6%. The company says that snowstorms in January 2005reduced revenues by approximately $2 million.
For the fiscal year 2005, total revenue was $390.3million compared to $362.8 million last year, a 7.6%increase. Same store revenue was flat.
"During 2005 we have three primary goals: revitalizeJillian's; improve comp store sales and new storegrowth," Corley says. For the year, the company plansto open stores in Buffalo, NY; Omaha, NE; and KansasCity, KS. The new stores will add to the company'sexisting presence of 43 locations throughout theUnited States and Canada. According to Corley, thecompany will open four to five new stores in 2006.
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