Dave & Buster's(US:PLAY) Benzinga·2025-12-09 22:08Core Viewpoint - Dave & Buster's Entertainment reported disappointing third-quarter earnings, with losses and revenue falling short of analyst expectations, indicating challenges in the company's recovery efforts [2][4]. Financial Performance - The company reported a quarterly loss of $1.14 per share, missing the analyst estimate of a loss of $1.01 per share [2]. - Quarterly revenue was $448.21 million, which was below the consensus estimate of $461.32 million and down from $453 million in the same period last year [2]. Operational Updates - Comparable store sales decreased by 4% compared to the same calendar period in fiscal 2024 [4]. - The company opened one new domestic Dave & Buster's store and three new Main Event stores during the third quarter [4]. - Plans are in place to open two additional domestic Dave & Buster's stores in the fourth quarter, aiming for a total of 11 new stores and one relocation in fiscal 2025 [4]. Strategic Initiatives - The CEO highlighted progress on a "back-to-basics" plan, which includes relaunching marketing efforts, enhancing food and beverage offerings, improving operations, refreshing the games platform, and revamping the store remodel program [3].