Core Points - Dave & Buster's Entertainment has promoted Les Lehner to Chief Development Officer, succeeding John Mulleady who will retire on October 23, 2025 [1][2] - Mulleady will transition to an advisory role effective June 30, 2025, and will provide consulting services until January 31, 2026 [2] - The company has a pipeline of approximately 40 new stores expected to open over the next three years, indicating ongoing growth in development efforts [3] Company Overview - Dave & Buster's Entertainment, Inc. operates 236 venues across North America, including 175 Dave & Buster's stores and 61 Main Event stores [5] - The company offers a combination of dining and entertainment experiences, allowing guests to "Eat Drink Play and Watch" in one location [5] - The venues feature a full menu, a variety of beverages, and numerous entertainment attractions such as arcade games and live sports viewing [5] Leadership Background - Les Lehner has been with the company since August 2022 as Chief Procurement Officer and Head of Main Event Development [4] - He has prior experience as Executive Vice President at Main Event Entertainment and Senior Vice President at Red Robin Gourmet Burgers [4] - Mulleady has served nearly 15 years at Dave & Buster's, leading the construction of over 100 new stores during his tenure [3]

Company Leadership Changes - Dave & Buster's has promoted Les Lehner to Chief Development Officer, previously serving as Chief Procurement Officer and Head of Main Event Development [1][4] - John Mulleady, the current Chief Development Officer, will retire on October 23, 2025, transitioning to an advisory role effective June 30, 2025, and will provide consulting services until January 31, 2026 [2][3] Leadership Transition Insights - Kevin Sheehan, Board Chair and Interim CEO, expressed gratitude for John Mulleady's nearly 15 years of service, highlighting his success in constructing over 100 new stores [3] - Les Lehner is expected to lead the development efforts with a well-developed pipeline of approximately 40 stores planned to open over the next three years [3] Company Overview - Dave & Buster's Entertainment, Inc. operates 236 venues across North America, including 175 Dave & Buster's stores and 61 Main Event stores [5] - The company offers a combination of dining and entertainment experiences, featuring a full menu, a variety of beverages, and numerous entertainment attractions [5]

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].

DALLAS, May 28, 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 it will report financial results for its first quarter ended May 6, 2025 after the market closes on Tuesday, June 10, 2025. Management will host a conference call to discuss these results on Tuesday, June 10, 2025, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time). A live and archived webcast of the ...

DALLAS, May 28, 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 it will report financial results for its first quarter ended May 6, 2025 after the market closes on Tuesday, June 10, 2025. Management will host a conference call to discuss these results on Tuesday, June 10, 2025, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time). A live and archived webcast of the ...