Dave & Busters Entmt (PLAY) Stock News

Dave & Buster's Entertainment (NASDAQ: PLAY) has announced the promotion of Les Lehner to Chief Development Officer, succeeding John Mulleady who will retire on October 23, 2025. Lehner previously served as Chief Procurement Officer and Head of Main Event Development. Mulleady will transition to an advisory role on June 30, 2025, and continue providing consulting services until January 31, 2026. During his 15-year tenure, Mulleady led the construction of over 100 new stores. The company currently has a pipeline of approximately 40 stores planned for opening over the next three years. Board Chair and Interim CEO Kevin Sheehan expressed confidence in Lehner's capabilities, citing his experience in procurement, cost optimization, and development expertise.

Dave & Buster's (NASDAQ: PLAY) reported declining financial results for Q1 2025. Revenue decreased 3.5% to $567.7M, with comparable store sales down 8.3%. Net income fell to $21.7M ($0.62 per share) from $41.4M ($0.99 per share) in Q1 2024. Adjusted EBITDA declined 14.5% to $136.1M. Despite challenges, the company showed sequential improvement in comparable store sales from -11.9% in February to -2.2% in Q2'25 QTD. The company opened two new stores, relocated one, and completed 13 store remodels. They repurchased $23.9M in shares and maintained strong liquidity with $423.2M available. Management emphasized their "back to basics" strategy and confidence in future improvements, maintaining their fiscal 2025 outlook with capital expenditures under $220M.

Dave & Buster's Entertainment (NASDAQ:PLAY) has announced it will release its first quarter 2025 financial results on Tuesday, June 10, 2025, after market close. The company will host a conference call to discuss the results at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on the same day.

Investors can access the conference call via webcast on the company's investor relations website or by dialing (877) 883-0383 (toll-free) or (412) 902-6506 (international) with participant entry number 4149547. A replay will be available for one year after the call.

Dave & Buster's Entertainment (NASDAQ: PLAY) announced significant changes to its Board of Directors. The company will nominate Allen R. Weiss and Nathaniel J. Lipman as new independent directors. Three current board members - Michael Griffith, Gail Mandel, and Jennifer Storms - will not seek reelection at the upcoming annual shareholders meeting on June 20, 2025.

Board Chair and Interim CEO Kevin Sheehan expressed confidence in the new nominees' industry expertise and track records of value creation, while thanking the departing board members for their service.

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.