Dave & Buster’s Reports Third Quarter 2025 Financial Results

Financial Summary - Third quarter revenue was $448.2 million, a 1.1% decrease compared to the third quarter of fiscal 2024 [9] - Comparable store sales decreased by 4.0% compared to the same period in fiscal 2024 [9] - Net loss totaled $42.1 million, or $1.22 per diluted share, compared to a net loss of $32.7 million, or $0.84 per diluted share in the third quarter of fiscal 2024 [9] - Adjusted net loss was $39.4 million, or $1.14 per diluted share, compared to an adjusted net loss of $17.5 million, or $0.45 per diluted share in the third quarter of fiscal 2024 [9] - Adjusted EBITDA was $59.4 million, down from $68.3 million in the third quarter of fiscal 2024 [9] Operational Highlights - The company generated $58.0 million in operating cash during the third quarter, ending with $441.9 million of available liquidity [7] - One new domestic Dave & Buster's store and three new Main Event stores were opened in the third quarter [9] - The company anticipates opening two additional domestic Dave & Buster's stores in the fourth quarter, totaling 11 new stores and one relocation for fiscal 2025 [9] - The company opened its third international franchise store in the Philippines and expects to open at least four additional international franchise stores in the next six months [9] Strategic Initiatives - The CEO reported progress on a back-to-basics plan, focusing on marketing, food and beverage offerings, operations, games platform, and store remodels [4] - There was a sequential improvement in same-store sales each month during the third quarter, with the final month down only roughly one percent [5] - The new menu launch contributed positively to same-store sales for food and beverage during the quarter [5] Company Overview - Dave & Buster's operates 241 stores in North America, offering entertainment and dining experiences through its brands [11] - The company has 177 Dave & Buster's stores in 43 states, Puerto Rico, and Canada, and operates 64 Main Event stores in 22 states [11]