Dave & Buster's Entertainment, Inc. - PLAY STOCK NEWS

Dave & Buster's (NASDAQ:PLAY) reported strong financial results for Q1 FY2021, ending May 2, with revenues of $265.3 million, a 66% increase from $159.8 million in Q1 2020. The company achieved a net income of $19.6 million or $0.40 per diluted share, compared to a loss of $43.5 million in the same quarter last year. Despite a 35% decline in comparable store sales versus Q1 2019, store-level operating income was positive in 119 locations. Looking ahead, revenues for Q2 2021 are projected between $335 million and $350 million.

Dave & Buster’s is launching its Summer of “DING DING DING,” introducing 7 new arcade games and 23 chef-crafted menu items. The innovative Digital Collectibles Prize program features Non-Fungible Tokens (NFTs) that guests can claim as prizes. The NFT series includes unique D&B Game Coin and City Card designs. To support a charitable cause, they are auctioning an uber-rare NFT, with proceeds benefiting the Make-A-Wish Foundation. The campaign aims to showcase the revitalization of the brand through engaging content across various channels, enhancing the overall guest experience.

Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) will report its financial results for the first quarter of 2021, which ended on May 2, 2021, on June 10, 2021, after market close. A conference call to discuss these results is scheduled for 4:00 p.m. Central Time that same day. Investors can access the call via phone or through a live webcast on the company’s Investor Relations website. Dave & Buster's operates 141 venues across North America, offering dining and entertainment experiences.

On April 21, 2021, Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) announced the appointment of Atish Shah to its Board of Directors, effective April 16, 2021. Shah has extensive experience in the hospitality sector, having served as CFO at Xenia Hotels & Resorts and held senior roles at Hyatt Hotels Corporation and Hilton Hotels Corporation. The Chairman highlighted Shah's financial expertise as crucial for enhancing stakeholder value. CEO Brian Jenkins emphasized that Shah’s appointment aligns with the company's strategic goals as it looks to strengthen its market position following recent challenges.

Dave & Buster's Entertainment (NASDAQ: PLAY) provided an update on business trends through April 18, 2021, as it approaches investor meetings. As of this date, 98% of its 141 stores have reopened, with 81% sales recovery at fully operational stores compared to 2019. Preliminary quarter-to-date sales reached approximately $228 million, leading to an improved sales expectation of $252 to $257 million for Q1 2021, surpassing prior forecasts of $210 to $220 million. The CEO noted strong early sales recoveries in recently reopened stores, supported by economic stimulus and seasonal factors.

Dave & Buster's Entertainment (NASDAQ:PLAY) reported fourth quarter and fiscal year results impacted by COVID-19. For Q4 2020, revenues were $116.8 million, a 66.3% decline from $347.2 million in Q4 2019. Net loss was $56.8 million, or $1.19 per share, compared to a net income of $25 million in the prior year. For fiscal year 2020, revenues totaled $436.5 million, down 67.8% year-over-year. Despite these losses, the company reported a recovery in early 2021, with sales at fully operational stores reaching 74% of 2019 levels in February.

Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) announced the expiration of its shareholder rights plan on March 17, 2021. This plan, adopted in March 2020, has concluded as scheduled, requiring no action from shareholders. The company will also voluntarily de-register the preferred stock purchase rights under the Securities Exchange Act, as they have terminated. These administrative steps will not affect the common stock, which remains listed on NASDAQ.

Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) has rescheduled the release of its fourth quarter 2020 financial results to March 31, 2021, after market close, moved from April 1, 2021, due to the Good Friday market holiday. The results will be discussed in a conference call at 4:00 p.m. Central Time the same day, with access available via phone or webcast. The company operates 141 entertainment and dining venues across North America, providing a unique experience that combines dining, gaming, and sports viewing.

Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) will report its financial results for Q4 2020 on April 1, 2021, after market close. Management will hold a conference call at 4:00 PM Central Time to discuss these results. Interested parties can access the call via phone or through a live webcast on the company’s website. Dave & Buster’s operates 141 venues across North America, offering a mix of dining and entertainment options, including games and live sports viewing. Investors can reach out to CFO Scott Bowman for inquiries.