Welcome to our dedicated page for Dave & Busters Entmt news (Ticker: PLAY), a resource for investors and traders seeking the latest updates and insights on Dave & Busters Entmt stock.
Dave & Buster's Entertainment Inc (PLAY) operates at the intersection of casual dining and interactive entertainment, offering a unique blend of arcade gaming, sports viewing, and full-service dining. This news hub provides investors and industry observers with timely updates on corporate developments shaping the company's market position.
Track official press releases, earnings reports, and strategic announcements through our curated collection of PLAY stock news. The page serves as a centralized resource for understanding operational milestones, including venue expansions, menu innovations, and partnership agreements within the entertainment-dining sector.
Users will find updates categorized by material events including quarterly financial results, leadership changes, and competitive market analysis. Content is rigorously verified to ensure alignment with regulatory disclosures and factual accuracy.
Bookmark this page for efficient monitoring of Dave & Buster's business trajectory. Combine these updates with broader market context to inform your analysis of PLAY's performance in the evolving entertainment landscape.
Dave & Buster's (NASDAQ: PLAY) reported disappointing Q4 FY2024 results with revenue declining 10.8% to $534.5 million and comparable store sales dropping 9.4%. Net income decreased to $9.3 million ($0.24 per diluted share) from $36.2 million ($0.88 per diluted share) in Q4 FY2023.
For full FY2024, revenue decreased 3.3% to $2.1 billion with comparable store sales down 7.2%. The company opened 14 new stores and completed 44 remodels since 2023. Notable developments include a $111.4 million sale-leaseback transaction of five properties and share repurchases totaling $172 million in FY2024.
The company maintains strong liquidity of $510.4 million and a Net Total Leverage Ratio of 2.8x. Management acknowledged previous leadership's mistakes and is implementing a 'back to basics' strategy, reporting improved trends in March and April 2025.
Dave & Buster's Entertainment (NASDAQ: PLAY) has announced it will release its fourth quarter and fiscal year 2024 financial results on April 7, 2025, after market close. The company will host a conference call with management at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on the same day.
Investors can access the conference call through multiple channels: a live webcast will be available on the company's Investor Relations website at ir.daveandbusters.com, or by dialing (877) 883-0383 for domestic calls and (412) 902-6506 for international calls using the participant entry number 0450839. A replay will be available for one year after the call.
Dave & Buster's (NASDAQ: PLAY) has promoted Cory Hatton to the position of Head of Entertainment Finance, Investor Relations & Treasurer. Hatton previously served as Vice President, Investor Relations & Treasurer of the company.
The newly created position aims to strengthen management's financial thought leadership and resource allocation towards the company's entertainment business segment, which is described as their largest and most profitable division. CFO Darin Harper praised Hatton's contribution as an essential resource and partner, while Board Chair and Interim CEO Kevin Sheehan highlighted Hatton's talent and experience for the expanded role.
Dave & Buster's Entertainment (NASDAQ: PLAY) has announced the appointment of Scott Ross, Managing Partner of Hill Path Capital, to its Board of Directors, effective January 30, 2025. Ross joins the board bringing significant experience in consumer and entertainment businesses, along with his perspective as a major shareholder of the company.
Board Chair and Interim CEO Kevin Sheehan highlighted Ross's proven track record in working with management teams and boards to create stakeholder value. Ross expressed confidence in the company's strategic plan, stating that Dave & Buster's is a high-quality business with significant potential for growth in revenue, cash flow, and shareholder value.
Dave & Buster's Entertainment (NASDAQ: PLAY) has announced the return of Steve Klohn as Chief Information Officer. Klohn, who previously spent 8 years with Main Event and Dave & Buster's, had left the company earlier this year. Interim CEO Kevin Sheehan praised Klohn as the driving force behind the company's technological advancements, including store innovations and enterprise system improvements. Klohn expressed enthusiasm about rejoining, citing the company's positioning for growth and shareholder value, along with its strategic vision focused on innovation and technology enablement.
Dave & Buster's Entertainment (NASDAQ:PLAY) has announced an expansion of its share repurchase program. The company's Board of Directors has authorized an additional $100 million for stock buybacks under the existing repurchase program, as approved on December 16, 2024. The entertainment and dining venue operator will maintain all other terms of the current share repurchase program unchanged.
Dave & Buster's (NASDAQ: PLAY) reported declining financial results for Q3 2024, with revenue decreasing 3.0% to $453.0 million and comparable store sales dropping 7.7%. The company posted a net loss of $32.7 million ($(0.84) per share), compared to a net loss of $5.2 million ($(0.12) per share) in Q3 2023.
The company announced a CEO transition as Chris Morris resigned, with Board Chair Kevin Sheehan serving as interim CEO. During Q3, the company opened three new stores, completed 11 remodels, refinanced debt with a new $700.0 million term loan, and continued share repurchases totaling $28.0 million.
Adjusted EBITDA decreased 16.3% to $68.3 million, while the company maintained strong liquidity with $537.4 million available under its revolving credit facility.
Dave & Buster's Entertainment (NASDAQ:PLAY) has announced it will release its third quarter 2024 financial results on Tuesday, December 10, 2024, after market close. The results will cover the period ended November 5, 2024. Management will host a conference call at 4:00 p.m. Central Time on the same day. Investors can access the live webcast through the company's investor relations website, or join via phone using the provided toll-free numbers. A replay will be available for one year after the call.
Dave & Buster's Entertainment (NASDAQ: PLAY) reported its Q2 2024 financial results. Revenue increased 2.8% to $557.1 million, while comparable store sales decreased 6.3%. Net income rose to $40.3 million ($0.99 per diluted share), up from $25.9 million in Q2 2023. Adjusted EBITDA grew 8.1% to $151.6 million. The company opened two new Dave & Buster's stores and remodeled nine existing locations. It also completed a sale-leaseback transaction for two stores, generating $45.0 million in proceeds. During Q2, the company repurchased $47.4 million of shares, bringing the year-to-date total to $60.0 million. Despite challenges in same-store sales, management expressed confidence in their strategic initiatives and future growth prospects.
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) has announced it will release its second quarter 2024 financial results on September 10, 2024, after market close. The company will host a conference call on the same day at 4:00 p.m. Central Time to discuss the results. Investors can access the live and archived webcast on the company's website under the Investor Relations section. For those preferring to dial in, toll-free and international numbers are provided. A replay of the call will be available for one year following the event.
