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X @The Wall Street Journal
The epitome of quiet luxury right now at fine-dining restaurants? The omelet, believe it or not. Here, the ones around the country actually worthy of their new star billing.đź”—: https://t.co/2rVNW3kNPv https://t.co/zlVNW9B3E4 ...
X @Forbes
Forbes· 2025-07-25 13:54
Kumiko, the innovative dining bar serving up a taste of Japan in Chicago’s West Loop, was named World’s Best Bar at the 19th annual Spirited Awards in New Orleans. (Photo: Sammy Faze/Kumiko)https://t.co/ZXsXCZFjmU https://t.co/0MI22x1kEC ...
Dave & Buster’s Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Globenewswire· 2025-07-21 20:05
DALLAS, July 21, 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, announced today that the Company made awards of stock options (“Options”) and performance stock units (“PSUs”) to Tarun Lal, as a material inducement to Mr. Lal joining the Company as its Chief Executive Officer. The awards were approved by the Board in accordance with Listing Rule 5635(c)(4) of the corporate governance ...
Dave & Buster’s Appoints Tarun Lal as Chief Executive Officer
Globenewswire· 2025-07-15 12:30
DALLAS, July 15, 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 that the Board of Directors has appointed Tarun Lal as Chief Executive Officer and as a member of the Board of Directors effective July 14, 2025. "After a careful and comprehensive search, the Board is thrilled to announce Tarun as our next CEO," said Kevin Sheehan, Chairman of the Board and Interim CEO. ...
X @Bloomberg
Bloomberg· 2025-07-06 17:15
Fine-dining kitchens are reliant on the convenience of plastic. Now, one chef has decided to banish it from his. https://t.co/hecBJYCyUu ...
X @Bloomberg
Bloomberg· 2025-07-05 17:15
Fine-dining kitchens are reliant on the convenience of plastic. Now, one chef has decided to banish it from his. https://t.co/a3UnDqUsav ...
X @Bloomberg
Bloomberg· 2025-07-03 13:10
Fine-dining kitchens are reliant on the convenience of plastic. Now, one chef has decided to banish it from his. https://t.co/X5yI0l7zws ...
Dave & Buster’s Reports First Quarter 2025 Financial Results
Globenewswire· 2025-06-10 20:05
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].
Dave & Buster's Reports First Quarter 2025 Financial Results
GlobeNewswire News Room· 2025-06-10 20:05
Core Viewpoint - Dave & Buster's Entertainment, Inc. reported a decrease in financial performance for the first quarter of fiscal 2025, but the company is optimistic about a recovery driven by strategic operational changes and improvements in comparable store sales trends [4][6][7]. 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]. - Adjusted EBITDA was $136.1 million, a decrease of 14.5% from $159.1 million in the first quarter of fiscal 2024 [7][9]. 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 1.0 million shares or 2.9% of outstanding shares as of the end of fiscal 2024 [10]. Cash Flow and Liquidity - Operating cash generated during the first quarter was $95.8 million, with available liquidity of $423.2 million [10]. - The company ended the quarter with a Net Total Leverage Ratio of 3.1x [10][11]. Outlook - The company reiterated its outlook for fiscal 2025, emphasizing a focus on revenue growth and free cash flow generation [12].
Shake Shack Stock Rises 34% in a Year: More Room to Run?
ZACKS· 2025-05-29 13:26
Core Viewpoint - Shake Shack Inc. (SHAK) has experienced a significant share price increase of 34.2% over the past year, outperforming the industry growth of 8.7%, driven by menu innovation, digital initiatives, and unit expansion efforts, although challenges from weather and macroeconomic conditions remain a concern [1] Growth Drivers for SHAK Stock - Culinary innovation is a key differentiator for Shake Shack, with new menu items like the Dubai Chocolate Pistachio Shake receiving strong consumer response [2] - The introduction of the first-ever fish sandwich in Hong Kong has also been successful, quickly becoming the second-best-selling protein [3] - Digital sales accounted for 38% of total transactions in the fiscal first quarter, reflecting a 130-basis-point increase year over year, supported by new digital menu boards and a guest recognition platform [4] - The company plans to open 45 to 50 new locations in 2025, marking its largest development year, particularly in high-growth regions [5] - Shake Shack's licensed business is expanding, with seven new licensed shacks opened in the fiscal first quarter, enhancing brand visibility and global appeal [6] Concerns for Shake Shack Stock - The company faced operational challenges in the fiscal first quarter due to severe weather events and economic uncertainty, particularly in major markets like Los Angeles and New York City, which accounted for about 75% of overall headwinds [8][9] - These challenges resulted in a 4.6% decline in overall traffic and a 1% drop in same-store sales in April, compounded by the effects of a previous menu price increase [9] Overall Assessment - Shake Shack demonstrates long-term growth potential through strong brand recognition, innovative offerings, and an ambitious expansion plan, but faces near-term pressures from weather disruptions and economic uncertainty [10]