Dave & Buster's(US:PLAY) Globenewswire·2025-09-15 20:05Core Insights - Dave & Buster's Entertainment, Inc. reported total revenue of $557.4 million for the second quarter of fiscal 2025, reflecting a slight increase of 0.05% compared to the same period in fiscal 2024 [5][7] - The company experienced a decline in comparable store sales, which decreased by 3.0% year-over-year [5][7] - Net income for the quarter was $11.4 million, or $0.32 per diluted share, a significant decrease from $40.3 million, or $0.99 per diluted share, in the prior year [6][7] Financial Performance - Total revenue for the second quarter was $557.4 million, a marginal increase from $557.1 million in the same quarter of fiscal 2024 [5][7] - Operating income fell to $53.0 million from $84.5 million in the second quarter of fiscal 2024 [5][7] - Adjusted EBITDA was reported at $129.8 million, down from $151.6 million in the previous year [6][7] Leadership and Strategic Focus - Tarun Lal was appointed as the new Chief Executive Officer effective July 14, 2025, emphasizing a commitment to innovation, growth, and enhancing guest experiences [4][7] - The company aims to reinforce a guest-first culture and drive growth in sales, cash flow, and shareholder value [4] Expansion and Development - During the second quarter, the company opened three new domestic Dave & Buster's stores and one international franchise store in India, with plans for at least five additional international franchise stores in the next six months [7] - The company completed remodels of three existing stores in the second quarter [7] Cash Flow and Liquidity - Operating cash generated during the second quarter was $34.0 million, with available liquidity at the end of the quarter totaling $443.3 million [9] - The company reported a Net Total Leverage Ratio of 3.2x [9][12]