Dave & Buster's Entertainment Earnings Call Transcripts
Fiscal Year 2026
-
Q4 2025 saw revenue of $530M and adjusted EBITDA of $111M, with F&B same-store sales up 7% and comps improving sequentially. FY 2026 guidance targets positive comps, over $100M in free cash flow, and $200M CapEx, with new games and remodels expected to drive growth.
-
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.
-
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.
-
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
-
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.
-
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.
-
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.
-
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.