Core Insights - Dave & Buster's Entertainment, Inc. reported its financial results for the third quarter of fiscal 2025, showing a revenue of $448.2 million, which is a 1.1% decrease compared to the same quarter in fiscal 2024 [8] - The company experienced a net loss of $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 same period last year [8] - Adjusted EBITDA for the quarter was $59.4 million, down from $68.3 million in the third quarter of fiscal 2024 [8] Financial Performance - Total revenues for the third quarter were $448.2 million, with entertainment revenues at $279.4 million and food and beverage revenues at $168.8 million [8][19] - Comparable store sales decreased by 4.0% compared to the same period in fiscal 2024, with a sequential improvement noted in same-store sales each month [5][8] - The company generated $58.0 million in operating cash during the third quarter, ending with $441.9 million in available liquidity [7][12] Operational Highlights - The company opened one new domestic Dave & Buster's store and three new Main Event stores during the third quarter, with plans to open two additional domestic stores in the fourth quarter [8] - The third quarter saw the launch of a new menu, contributing to positive same-store sales for food and beverage [5] - The company is focused on executing its back-to-basics plan, which includes enhancing marketing, food and beverage offerings, and store remodels [4][6] Balance Sheet and Cash Flow - As of November 4, 2025, total assets were reported at $4.13 billion, with total liabilities at $4.00 billion [19] - The company’s cash and cash equivalents increased to $13.6 million from $6.9 million at the beginning of the fiscal year [19] - The net total leverage ratio was calculated at 3.3x as of November 4, 2025, indicating the company's debt levels in relation to its adjusted EBITDA [28]

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]

Core Insights - Dave & Buster's Entertainment, Inc. will report its financial results for the third quarter ended November 4, 2025, after market close on December 9, 2025 [1] - A conference call to discuss these results is scheduled for December 9, 2025, at 4:00 p.m. Central Time [2] Company Overview - Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster's operates 241 stores in North America under two brands: Dave & Buster's and Main Event [3] - The company has 177 Dave & Buster's stores across 43 states, Puerto Rico, and Canada, offering a combination of dining and entertainment experiences [3] - Main Event, with 64 stores in 22 states, provides activities such as bowling, laser tag, and arcade games, catering to family entertainment [3] - The company is also in early-stage growth internationally, with three franchise stores currently open [3]

Core Insights - Dave & Buster's Entertainment, Inc. will report its financial results for the third quarter ended November 4, 2025, after market close on December 9, 2025 [1] - A conference call to discuss these results is scheduled for December 9, 2025, at 4:00 p.m. Central Time [2] Company Overview - Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster's operates 241 stores in North America under two brands: Dave & Buster's and Main Event [3] - The company has 177 Dave & Buster's stores across 43 states, Puerto Rico, and Canada, offering a combination of dining and entertainment experiences [3] - Main Event operates 64 stores in 22 states, providing activities such as bowling, laser tag, and arcade games [3] - The company is in early-stage growth internationally as a franchisor, with three Dave & Buster's franchise stores currently open [3]

Core Insights - Dave & Buster's Entertainment, Inc. reported total revenue of $557.4 million for the second quarter of fiscal 2025, reflecting a slight increase of 0.05% compared to the same period in fiscal 2024 [5][7] - The company experienced a decline in comparable store sales, which decreased by 3.0% year-over-year [5][7] - Net income for the quarter was $11.4 million, or $0.32 per diluted share, a significant decrease from $40.3 million, or $0.99 per diluted share, in the prior year [6][7] Financial Performance - Total revenue for the second quarter was $557.4 million, a marginal increase from $557.1 million in the same quarter of fiscal 2024 [5][7] - Operating income fell to $53.0 million from $84.5 million in the second quarter of fiscal 2024 [5][7] - Adjusted EBITDA was reported at $129.8 million, down from $151.6 million in the previous year [6][7] Leadership and Strategic Focus - Tarun Lal was appointed as the new Chief Executive Officer effective July 14, 2025, emphasizing a commitment to innovation, growth, and enhancing guest experiences [4][7] - The company aims to reinforce a guest-first culture and drive growth in sales, cash flow, and shareholder value [4] Expansion and Development - During the second quarter, the company opened three new domestic Dave & Buster's stores and one international franchise store in India, with plans for at least five additional international franchise stores in the next six months [7] - The company completed remodels of three existing stores in the second quarter [7] Cash Flow and Liquidity - Operating cash generated during the second quarter was $34.0 million, with available liquidity at the end of the quarter totaling $443.3 million [9] - The company reported a Net Total Leverage Ratio of 3.2x [9][12]

Core Points - Dave & Buster's Entertainment, Inc. announced the granting of stock options and performance stock units to Tarun Lal as an inducement for his appointment as CEO [1][2] - The awards were approved by the Board in accordance with Nasdaq corporate governance rules and were granted on July 15, 2025 [1][2] Summary of Awards - Mr. Lal received a total of 124,766 stock options that will vest annually over three years from the grant date [2] - An additional 124,766 options will vest if the company's stock price doubles before February 1, 2028, contingent on Mr. Lal's continued employment [2] - Further, 83,177 options will vest if the stock price triples before February 1, 2028, also subject to continued employment [2] - An additional 31,191 options will vest annually over three years, conditioned on Mr. Lal purchasing $1,000,000 of the company's common stock by December 31, 2026 [2] - Mr. Lal was also granted 124,766 performance stock units (PSUs) based on achieving same store sales growth metrics, which will vest annually over two years [2] - Another 124,766 PSUs will be earned based on achieving specific 2027 Adjusted EBITDA, average same store sales growth, and relative total shareholder return metrics [2] Company Overview - Founded in 1982, Dave & Buster's operates 236 venues across North America, offering entertainment and dining experiences [3] - The company has 175 Dave & Buster's branded stores in 43 states, Puerto Rico, and Canada, providing a full menu and various entertainment attractions [3] - Additionally, the company operates 61 Main Event branded stores in 22 states, featuring bowling, laser tag, arcade games, and virtual reality experiences [3]

Core Points - Dave & Buster's Entertainment, Inc. announced the granting of stock options and performance stock units to Tarun Lal as part of his inducement to join the company as CEO [1][2] - The awards were approved by the Board under Nasdaq corporate governance rules and were granted on July 15, 2025 [1][2] Summary by Category Stock Options - Mr. Lal was granted a total of 124,766 stock options that will vest annually over three years from the grant date [2] - An additional 124,766 options will vest if the company's stock price doubles before February 1, 2028, contingent on Mr. Lal's continued employment [2] - Further, 83,177 options will vest if the stock price triples before February 1, 2028, also subject to continued employment [2] - An additional 31,191 options will vest annually over three years, conditioned on Mr. Lal purchasing $1,000,000 of the company's common stock by December 31, 2026 [2] Performance Stock Units (PSUs) - Mr. Lal was granted 124,766 PSUs that will be earned upon achieving same store sales growth metrics and will vest annually over two years [2] - Another 124,766 PSUs will be earned and vested based on achieving specific 2027 Adjusted EBITDA, average same store sales growth, and relative TSR metrics [2] Company Overview - Founded in 1982, Dave & Buster's operates 236 venues across North America, offering entertainment and dining experiences [3] - The company has 175 Dave & Buster's branded stores in 43 states, Puerto Rico, and Canada, providing a full menu and various entertainment attractions [3] - Additionally, the company operates 61 Main Event branded stores in 22 states, featuring bowling, laser tag, arcade games, and virtual reality experiences [3]

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].