DALLAS, June 13, 2025 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ: PLAY), ("Dave & Buster's" or "the Company") today announced that it has promoted Les Lehner to the position of Chief Development Officer. Mr. Lehner most recently served as Chief Procurement Officer and Head of Main Event Development. In connection with this promotion, the Company announced that John Mulleady, current Chief Development Officer, will retire effective as of the close of business on October 23, 2025. Effect ...

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For the quarter ended April 2025, Dave & Buster's (PLAY) reported revenue of $567.7 million, down 3.5% over the same period last year. EPS came in at $0.76, compared to $1.12 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $563.52 million, representing a surprise of +0.74%. The company delivered an EPS surprise of -20.83%, with the consensus EPS estimate being $0.96.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Dave & Buster's (PLAY) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20.83%. A quarter ago, it was expected that this owner of Dave & Buster's, a chain of restaurants and arcades would post earnings of $0.64 per share when it actually produced earnings of $0.69, delivering a surpri ...

Financial Data and Key Metrics Changes - In Q1 2025, same store sales decreased by 8.3% compared to the prior year, with February seeing a decline of 11.9% [18] - Revenue for the quarter was $568 million, with net income of $22 million or $0.62 per diluted share, and adjusted EBITDA of $136 million, resulting in an adjusted EBITDA margin of 24% [19][20] - Operating cash flow generated during the quarter was $96 million, ending with $12 million in cash and $411 million available under the revolving credit facility [20] Business Line Data and Key Metrics Changes - The company has seen improvements in food and beverage sales since April, driven by the successful reintroduction of the eat and play combo [11][12] - Remodeled stores have outperformed the system by over 700 basis points over the last three months [12] - The introduction of the all-you-can-play option has seen a 30% upgrade rate among guests [67] Market Data and Key Metrics Changes - Positive same store sales were recorded in 11 of the last 30 days leading into the summer season [9] - The company is experiencing strong weekend growth, outpacing weekday performance, indicating effective marketing strategies [34] Company Strategy and Development Direction - The company is focused on a "back to basics" strategy aimed at improving execution and driving revenue growth [6][8] - New store development remains a key part of the strategy, with plans for 10 to 12 new store openings in fiscal 2025 [21][22] - International franchising is seen as a driver of efficient growth, with agreements for over 35 additional stores secured [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery trajectory, emphasizing the importance of executing their current strategies to drive revenue and free cash flow [7][8] - The leadership team is optimistic about the potential for significant improvements in financial performance in the coming months [6][7] - Management acknowledged the challenges posed by the macroeconomic environment but believes their initiatives will help mitigate these impacts [60][61] Other Important Information - The company is actively refining its marketing strategies and has rebalanced media spending to improve brand awareness [9][10] - A new store manager incentive program has been implemented to drive same store sales growth [37][38] Q&A Session Summary Question: Predictability of same store sales trajectory - Management indicated that while they are optimistic about growth, they are still in the early stages of recovery and expect outsized growth in the coming years [25][26] Question: Breakdown of capital expenditures - Management confirmed that capital expenditures were front-end loaded due to new store openings and remodels, with specific allocations provided for new stores, remodels, games, and maintenance [28][30] Question: Improved same store sales trend details - The improvement is primarily driven by increased traffic, with a focus on peak hours and better food and beverage growth [33][34] Question: Key initiatives contributing to sales improvement - Management highlighted the effectiveness of the eat and play combo and increased brand awareness through marketing initiatives as key contributors [42][43] Question: Need for reinvestment in the business - Management believes that smarter spending will benefit the business without the need for significant reinvestment, focusing on effective marketing and operational improvements [46][48] Question: New game cabinets and future outlook - The company plans to roll out eight new cabinets and two new attractions, maintaining a consistent number of new games per location [52][53] Question: Differences in performance between walk-in and events business - The special events business has outpaced walk-in performance, with both Dave and Buster's and Main Event showing similar trends [84][85]

Financial Data and Key Metrics Changes - In Q1 2025, same store sales decreased by 8.3% compared to the prior year, with a notable decline of 11.9% in February, but improved to a decline of 4.3% in April [18][19] - Revenue for the quarter was $568 million, with net income of $22 million or $0.62 per diluted share, and adjusted EBITDA of $136 million, resulting in an adjusted EBITDA margin of 24% [19][20] - Operating cash flow generated during the quarter was $96 million, ending with $12 million in cash and $411 million available under the revolving credit facility [20] Business Line Data and Key Metrics Changes - The company has seen improvements in food and beverage sales, particularly with the reintroduction of the eat and play combo, which has a double-digit opt-in rate [11][12] - Remodeled stores have outperformed the system by over 700 basis points over the last three months, indicating the effectiveness of the remodel strategy [12] - The introduction of new games and attractions, such as the Human Crane, is expected to enhance guest experience and drive traffic [13][55] Market Data and Key Metrics Changes - The company reported positive same store sales in 11 of the last 30 days, indicating a recovery trend [8] - The Memorial Day weekend showed particularly strong sales, contributing to the positive momentum observed in early June [8] Company Strategy and Development Direction - The company is focused on a "back to basics" strategy aimed at improving execution across marketing, operations, and menu offerings [6][7] - New store development remains a key part of the strategy, with plans for 10 to 12 new store openings in fiscal 2025 [21][80] - International franchising is seen as a driver of efficient growth, with expectations for at least seven more international openings over the next year [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery trajectory, emphasizing the importance of executing their current strategies to drive revenue growth and free cash flow [7][15] - The leadership team is optimistic about the potential for significant improvements in operating performance and shareholder value in the coming months [7][93] - Management acknowledged the challenges posed by the macroeconomic environment but believes their initiatives will help mitigate these impacts [62] Other Important Information - The company is in the process of finalizing the search for a permanent CEO, with the interim CEO committed to driving performance improvements [15] - A new store manager incentive program has been implemented to align managers' interests with same store sales growth [38] Q&A Session Summary Question: Predictability of same store sales trajectory - Management indicated that while they are optimistic about future growth, they are still in the early stages of recovery and expect to see outsized growth in the coming years [24][26] Question: Breakdown of capital expenditures - The CFO confirmed that capital expenditures were front-end loaded, with significant spending on new stores and remodels [28][30] Question: Improvement in same store sales trends - Management noted that improvements are driven by increased traffic and better food and beverage sales, particularly through the eat and play combo [34][35] Question: Need for reinvestment in the business - Management stated that they do not foresee the need for significant reinvestment but will focus on smarter spending to drive growth [47][50] Question: New game cabinets and future outlook - The company plans to roll out new game cabinets and attractions, maintaining a focus on guest experience and engagement [54][56] Question: Differences in performance between Dave and Buster's and Main Event - Overall performance is similar, but there are specific metrics showing stronger growth in certain areas for Dave and Buster's [90]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED May 6, 2025 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File No. 001-35664 Dave & Buster's Entertainment, Inc. (Exact name of registrant as specified in its charter) | (State of Incorporation) | (I.R.S. Employer ID ...

Dave & Buster's Reports First Quarter 2025 Financial Results DALLAS, June 10, 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 financial results for its first quarter of fiscal 2025 ended May 6, 2025. First Quarter 2025 Financial Summary Other Highlights | | | | Q4'24 | Feb'25 | Mar'25 | Apr'25 | Q2'25 | QTD | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | S ...

Core Viewpoint - Dave & Buster's Entertainment, Inc. reported a decrease in financial performance for the first quarter of fiscal 2025, but the leadership is optimistic about a recovery driven by strategic changes in operations and marketing [4][5]. Financial Summary - Total revenue for the first quarter was $567.7 million, down 3.5% from $588.1 million in the same quarter of fiscal 2024 [6][7]. - Comparable store sales decreased by 8.3% compared to the first quarter of fiscal 2024 [6][7]. - Operating income was $63.2 million, representing 11.1% of revenue, compared to $85.5 million or 14.5% of revenue in the prior year [6][9]. - Net income totaled $21.7 million, or $0.62 per diluted share, down from $41.4 million, or $0.99 per diluted share in the first quarter of fiscal 2024 [7][8]. Operational Highlights - The company opened two new stores and relocated one during the first quarter, with two additional stores opened after the quarter ended [7]. - A total of 13 stores were remodeled in the first quarter [7]. - The company repurchased $23.9 million worth of shares, representing 2.9% of outstanding shares as of the end of fiscal 2024 [11]. Cash Flow and Liquidity - Operating cash generated during the first quarter was $95.8 million, with available liquidity of $423.2 million at the end of the quarter [10]. - The company ended the quarter with a Net Total Leverage Ratio of 3.1x [10][43]. Outlook - The company reiterated its outlook for fiscal 2025, including capital expenditures on new stores, remodels, and other initiatives [13].

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 ...