Dave & Buster's(PLAY)

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Fly Play hf.: Strong Bookings Signal Payoff from Leisure Strategy
GlobeNewswire· 2025-06-06 17:29
PLAY carried 117,199 passengers in May 2025, compared to 146,692 passengers in May 2024, reflecting a 14.0% reduction in PLAY’s capacity for the month. This reduction is the result of the company’s decision to lease aircraft to SkyUp through its Maltese AOC and put more emphasis on the point-to-point leisure market out of Iceland. Load factor in May 2025 was 80.9%, compared to 86.4% in May 2024. Again, this aligns with PLAY's strategy to increase its focus on leisure destinations in Southern Europe. Whil ...
Dave & Buster’s Entertainment, Inc. to Report First Quarter 2025 Financial Results on June 10, 2025
GlobeNewswire· 2025-05-28 12:45
DALLAS, May 28, 2025 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that it will report financial results for its first quarter ended May 6, 2025 after the market closes on Tuesday, June 10, 2025. Management will host a conference call to discuss these results on Tuesday, June 10, 2025, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time). A live and archived webcast of the ...
Dave & Buster's (PLAY) Up 22.7% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-05-07 16:30
It has been about a month since the last earnings report for Dave & Buster's (PLAY) . Shares have added about 22.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Dave & Buster's due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Th ...
Passenger Increase Tied to Point-to-Point Success
GlobeNewswire· 2025-05-07 15:26
PLAY carried 128,119 passengers in April 2025, compared to 122,217 passengers in April 2024. This represents a 5% increase in passenger numbers year-over-year. This growth reflects continued demand in PLAY’s core markets and a well-aligned route network for the early summer season. The load factor in April 2025 was 82.6%, compared to 85.1% in April 2024. This change is largely due to shift toward more leisure-oriented destinations, which historically see lower load factors due to reduced VIA feed but typica ...
Dave & Buster’s Announces Board of Directors Transitions
GlobeNewswire· 2025-05-02 12:00
DALLAS, May 02, 2025 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ: PLAY), ("Dave & Buster's" or "the Company") today announced that it will nominate Allen R. Weiss and Nathaniel J. Lipman for election to its Board of Directors. Existing Board members, Michael Griffith, Gail Mandel, and Jennifer Storms have notified the Company that they will not stand for reelection at the Company’s 2025 annual meeting of shareholders, to be held on June 20, 2025. “On behalf of the Board, we are pleased ...
Correction: Fly Play hf.: Financial Results Q1 2025
GlobeNewswire· 2025-04-29 16:11
Fly Play hf.: Financial Results Q1 2025 PLAY’s business plan continues to progress, with a clear focus on our most stable and profitable business segments: leisure and ACMI operations. Cash position strengthened to USD 21.1 million at the end of Q1 2025, up from USD 17.2 million. Operating costs in Q1 2025 were USD 58 million, compared to USD 66 million in Q1 2024. PLAY carried 286 thousand passengers in Q1 2025, compared to 349 thousand in Q1 2024. Load factor in Q1 2025 was 77.2%, compared to 81.8% in Q1 ...
Fly Play hf.: Financial Results Q1 2025
GlobeNewswire· 2025-04-29 15:40
Fly Play hf.: Financial Results Q1 2025 PLAY’s business plan continues to progress, with a clear focus on our most stable and profitable business segments: leisure and ACMI operations.Cash position strengthened to USD 21.1 million at the end of Q1 2025, up from USD 17.2 million.Operating costs in Q1 2025 were USD 58 million, compared to USD 66 million in Q1 2024.PLAY carried 286 thousand passengers in Q1 2025, compared to 349 thousand in Q1 2024Load factor in Q1 2025 was 77.2%, compared to 81.8% in Q1 2024T ...
Fly Play hf.: Results of the AGM
GlobeNewswire· 2025-04-09 16:56
Core Points - The Annual General Meeting of Fly Play hf. was held on April 9, 2025, at Grand Hotel, Reykjavik [1] Group 1 - The meeting results were attached for review [2]
Dave & Buster's(PLAY) - 2024 Q4 - Earnings Call Transcript
2025-04-07 23:09
Financial Data and Key Metrics Changes - In Q4 of fiscal 2024, comparable store sales decreased by 9.4% year-over-year on a like-for-like basis [32] - Revenue for the quarter was $535 million, with a net income of $9 million, or $0.25 per diluted share, and adjusted net income of $27 million, or $0.69 per diluted share [32] - Adjusted EBITDA was $127 million, resulting in an adjusted EBITDA margin of 23.8% [32] - Operating cash flow for the quarter was $108.9 million, ending with $6.9 million in cash and $503.5 million available under a $650 million revolving credit facility [33] Business Line Data and Key Metrics Changes - The company has reintroduced TV advertising and returned to a historical cadence of promotional activity, including the classic eat and play combo promotion [17][18] - The menu is being revamped to reintroduce popular items and improve pricing architecture [19][20] - The company completed 15 remodels in Q4, totaling 44 remodels since the program began in 2023 [21] Market Data and Key Metrics Changes - The company opened five new stores in Q4, bringing the total to 14 new stores for fiscal 2024, including its first international franchise location in India [28][29] - The company has entered into 35 franchise partnership agreements, anticipating at least six additional franchise units opening in the next 12 months [29] Company Strategy and Development Direction - The current leadership is focused on a "back to basics" strategy to improve operational performance and shareholder value [11][12] - The company aims to enhance its marketing strategy by reallocating funds back to TV advertising and optimizing digital marketing [57] - A renewed focus on capital expenditures is being implemented, with expectations for total capital expenditures not to exceed $220 million in fiscal 2025 [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving revenue and cash flow, with March and April showing notable improvements compared to Q4 [12][44] - The leadership team is optimistic about the company's ability to navigate economic uncertainties and capitalize on strategic opportunities [114] Other Important Information - The company repurchased nearly 3 million shares for approximately $85 million in Q4, totaling 5 million shares for fiscal 2024 [34] - The company is committed to generating free cash flow while investing in new store growth and high ROI initiatives [37] Q&A Session Summary Question: Improvements seen in March and April - Management noted that March and April showed marked improvements in traffic and ticket sales, indicating a positive trend [44] Question: Impact of calendar shifts and late Easter - Management acknowledged that the holiday calendar played a role but emphasized that the overall business is building positively [46][48] Question: Back-to-basics strategy and cost structure implications - The strategy involves smarter spending on marketing and a focus on core menu items without significantly increasing costs [57][59] Question: Value proposition for the brand - Management is re-evaluating the gaming side's value proposition and testing ways to enhance guest experience [67] Question: Recent traffic and sales pressures breakdown - Management indicated that recent challenges were largely self-inflicted due to execution errors rather than competitive pressures [76][78] Question: Competitive environment and differentiation - Management believes that improving execution will mitigate competitive pressures and is focused on driving traffic through new initiatives [100][102] Question: Clarification on remodel spending and TV advertising mix - The remodel hurdle rate is expected to be lowered to mid to high single digits, and TV advertising is moving back towards a 50% mix [110][108]
Dave & Buster's (PLAY) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2025-04-07 22:31
Core Insights - Dave & Buster's reported revenue of $534.5 million for the quarter ended January 2025, reflecting a year-over-year decline of 10.8% [1] - The company's EPS for the same period was $0.69, down from $1.03 a year ago, with a surprise of +7.81% compared to the consensus estimate of $0.64 [1] Financial Performance - Revenue of $534.5 million was below the Zacks Consensus Estimate of $544.9 million, resulting in a surprise of -1.91% [1] - Comparable Store Sales decreased by 9.4%, worse than the six-analyst average estimate of -6.2% [4] - Entertainment revenues were reported at $335 million, which is a decline of 11.6% year over year and below the average estimate of $352.84 million [4] - Food and beverage revenues reached $199.50 million, representing a year-over-year decline of 9.4%, slightly above the average estimate of $192.04 million [4] Stock Performance - Over the past month, shares of Dave & Buster's have returned -12.8%, compared to a -12.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]