Core Insights - The company is focused on executing its "Back to Basics" plan, aiming to enhance guest experience and operational results, which is expected to create significant value for both guests and shareholders [1][42]. Group 1: Back to Basics Plan - The company has made substantial progress on its "Back to Basics" plan, which includes improvements in marketing, food and beverage offerings, operations, and remodels [2][5]. - Sequential improvement in same-store sales was observed each month during the third quarter, with the final month showing a decline of only approximately 1% [2][18]. - The new menu launch contributed positively to same-store sales for food and beverage during the quarter [2][9]. Group 2: Marketing and Promotions - A reconstructed marketing strategy has been implemented, focusing on a simplified promotional calendar and data-driven decisions to enhance guest acquisition and sales performance [6][7]. - The "Eat & Play" combo promotion has seen a significant increase in guest engagement, with double-digit percentage growth in guest attachment since the beginning of the year [10]. Group 3: Food and Beverage Initiatives - The company has successfully revamped its food and beverage offerings, leading to higher average checks and increased traffic in dining areas [8][9]. - October same-store food sales were reported as the best month of the year, with continued positive trends into November [9][18]. Group 4: Operational Enhancements - Comprehensive training programs have been introduced to empower teams and improve guest experiences, resulting in reduced turnover and enhanced engagement [11][16]. - The company is focused on aligning marketing campaigns with high-impact game launches, with plans to introduce 10 new games in 2026 [12][13]. Group 5: Financial Performance - In the third quarter of fiscal 2025, the company reported revenue of $448 million, a net loss of $42 million, and an adjusted EBITDA of $59 million, resulting in an adjusted EBITDA margin of 13% [18][20]. - The company generated $58 million in operating cash flow during the third quarter, ending with $14 million in cash and $442 million in total liquidity [20][21]. Group 6: Growth and Expansion - The company opened 1 domestic D&B store and 3 new domestic Main Event stores in the third quarter, with plans for 11 new domestic store openings and 1 relocation in fiscal 2025 [22][23]. - International franchising is seen as a driver of efficient growth, with agreements for over 35 additional stores in the coming years [23].