Dave & Buster's Entertainment Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2026 saw a 5.4% same-store sales decline due to macro headwinds, but strong F&B growth and new game launches are driving early Q2 improvement. Management expects positive comps and over $100 million in free cash flow for the year, with disciplined CapEx and a focus on core business investments.
Fiscal Year 2026
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The meeting covered director elections, auditor ratification, and an advisory vote on executive compensation. Voting was conducted online, with results to be filed in a Form 8-K. No shareholder questions were raised during the business session.
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Back-to-basics initiatives are stabilizing same-store sales, with F&B and promotional efforts driving growth. FY 2026 targets include positive comps, over $100M in free cash flow, and 11 new store openings, supported by disciplined CapEx and new game launches.
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Sequential improvement in same-store sales and strong food and beverage performance drove Q3 results, with October and November showing near-flat comps. Strategic investments in menu innovation, remodels, and new games are expected to sustain growth and margin expansion.
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Q2 2025 saw revenue of $557M and a 3% decline in comparable store sales, but special events and new stores outperformed. Leadership is focused on execution, value messaging, and expects margin improvement and 11 new store openings this year.
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Q1 saw improved sequential sales trends, with comps down 8.3% year-over-year but showing momentum into Q2. Revenue reached $568M, adjusted EBITDA $136M, and new initiatives in marketing, menu, and games are driving traffic and check growth. Remodels and new store openings continue to outperform.
Fiscal Year 2025
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Q4 saw a 9.4% drop in comparable sales, but March and April trends improved as leadership reversed prior missteps and refocused on core strengths. Fiscal 2025 will emphasize disciplined capital allocation, new store growth, and enhanced guest experience.
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Q3 saw revenue of $453M and a net loss of $33M, with comparable store sales down 7.7% year-over-year. Despite macro headwinds and operational disruptions, special events and remodels outperformed, and fiscal 2024 Adjusted EBITDA is guided at $505–$515M.
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Q2 revenue grew 3% to $557M and Adjusted EBITDA rose 8% to $152M, despite a 6.3% same-store sales decline due to macro headwinds. Strategic initiatives, remodels, and loyalty programs are driving margin expansion and future growth, with 15 new stores planned for 2024.
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Q1 2024 saw $588M in revenue and $159M adjusted EBITDA, with comps down 5.6% but improving in Q2 as growth initiatives scale. Remodels and loyalty programs are driving double-digit gains, and management remains confident in reaching $1B adjusted EBITDA.