PLAY
Dave & Buster's Entertainment, Inc.18.49
-1.04-5.33%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Q&A colors games, marketing trends
Q&A largely reaffirmed Back to Basics progress but added color on consumer-tested value combos resonating in November marketing, driving combo uptake. Management detailed 2026's 10+ IP-linked games pipeline and Human Crane's sub-year ROI, with guests spending more time and money in midways. Remodels sustain 700bps sales lift; capex now hones guest-experience elements. Special events posted mid-single-digit growth, pacing strong into Q4 holidays. Flat comps enable margin expansion. November tracked October's ~1% decline. Games execution matters next.
Key Stats
Market Cap
641.24MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Dave & Buster's Q3 revenue dipped 1.0% y/y to $448.2M while YTD fell 1.6% to $1,573.2M, driven by 4.0% comp store sales drop from softer walk-ins, yet new stores added lift with nine openings YTD. Operating loss widened to $16.2M from $6.3M profit y/y on higher payroll, G&A, and depreciation, with net loss at $(1.22) per share versus $(0.84); YTD operating income shrank to $100.0M from $176.3M, net loss $(0.26) per share. Cash jumped to $13.6M, OCF $187.8M, FCF $(129.9M derived), revolver draws to $208.0M with $428.3M available and 3.3x net leverage. Failed sale-leasebacks added $96.2M proceeds as financing liabilities. Debt covenants met. Softer traffic persists.
8-K
Q3 revenue dips, loss widens
Dave & Buster's posted Q3 revenue of $448.2M, down 1.1% year-over-year, with comparable store sales off 4.0% but improving sequentially each month. Net loss widened to $42.1M from $32.7M, as operating costs hit 103.6% of sales; Adjusted EBITDA fell to $59.4M. Back-to-basics fixes clicked on food sales. New stores opened amid debt load.
8-K
Execs get equity swap
Dave & Buster's granted one-time equity awards on October 21, 2025, to executives Darin Harper, Tony Wehner, and Antonio Bautista under its 2025 Omnibus Incentive Plan, swapping prior performance stock units. Awards include RSUs and options vesting through 2028, PSUs tied to 3% same-store sales growth and 2027 Adjusted EBITDA of $600M-$675M, plus stock price options at 2x-3x hurdles. Retention locked in. Performance hurdles demand strong growth.
10-Q
Q2 FY2026 results
Dave & Buster's held Q2 revenue flat at $557.4M y/y despite a 3.5% comparable store sales drop, thanks to new stores, while food & beverage grew 6.3% y/y on menu pricing and mix. Operating income fell to $53.0M from $84.5M y/y as payroll and store expenses climbed, yet cost of products improved to 13.7% of sales from 14.7%; net income dropped to $11.4M or $0.32 diluted EPS ($35.14M shares), reconciling cleanly. Cash swelled to $12.0M with $129.8M YTD operating cash flow; revolver drew to $205.0M of $650M capacity, compliant on covenants. June sale-leasebacks fetched $74.1M proceeds (failed under ASC 842, recorded as $335.4M financing liability). Share buybacks trimmed 1.04M shares. Commodity fluctuations pose cost risks.
8-K
Q2 revenue flat, profits plunge
Dave & Buster's reported Q2 revenue at $557.4M, up 0.05% yet with comparable store sales down 3.0%; net income fell to $11.4M from $40.3M as Adjusted EBITDA dropped to $129.8M from $151.6M. Tarun Lal took CEO reins July 14, prioritizing guest culture amid store expansions and $77M sale-leaseback cash. Q3 trends mirror Q2 weakness.
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