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.
News for Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) centers on its role as an owner, operator, and franchisor of entertainment and dining venues under the Dave & Buster’s and Main Event brands. Company announcements regularly highlight financial performance, store development, leadership changes, and capital allocation decisions, giving investors and observers insight into how this entertainment and food service business is evolving.
Earnings releases are a major source of Dave & Buster’s news. The company issues quarterly updates detailing total revenues, the split between entertainment and food and beverage revenues, comparable store sales trends, operating income, net income or loss, Adjusted EBITDA, and cash flow and liquidity metrics. These reports often include commentary on initiatives such as a "back-to-basics" plan, menu changes, marketing adjustments, games platform refreshes, and store remodel programs, providing context for recent performance.
News items also cover store openings, relocations, and remodels across the Dave & Buster’s and Main Event brands, as well as the opening of new international franchise locations. These updates show how the company is expanding its footprint and investing in existing venues. Corporate governance and leadership developments, such as the appointment of a new Chief Executive Officer, promotions within the executive team, and changes to the Board of Directors, are disclosed through press releases and related SEC filings.
Visitors to this PLAY news page can review a stream of these announcements, including earnings dates, conference call details, non-GAAP measure explanations, incentive plan approvals, and equity award disclosures. This makes the page a useful reference for tracking how Dave & Buster’s manages its entertainment and dining brands, finances growth, and responds to operating conditions over time.
Dave & Buster's announced its financial results for Q1 2024, revealing a 1.5% revenue decrease to $588.1 million compared to Q1 2023. Comparable store sales fell 5.6%, and net income dropped to $41.4 million from $70.1 million last year. Adjusted EBITDA decreased 12.6% to $159.1 million. The company repurchased $50 million worth of shares and executed a $45 million sale leaseback agreement. Key initiatives included opening four new stores and entering a partnership to develop five stores in the Philippines. Despite economic challenges, the company plans to reach $1 billion in Adjusted EBITDA in the coming years.
Hilton Grand Vacations (NYSE:HGV) announced the appointment of Gail Mandel to its board of directors, expanding the board to 10 members. Mandel, managing director of Focused Point Ventures, brings extensive hospitality, financial, and public company experience. She has previously served as president and CEO of Wyndham Destination Network, where she oversaw the $1.3 billion divestiture of Wyndham’s European Rentals business and completed over 12 acquisitions. Mandel is expected to leverage her expertise in timeshare, financial, and public company sectors to contribute to HGV's strategic direction. She also holds board positions at Sabre , Dave & Buster’s Entertainment, PureStar, and the Community Foundation of New Jersey.
Dave & Buster's Entertainment (NASDAQ: PLAY) announced it will release its first quarter 2024 financial results on June 12, 2024, after market close. The results will cover the period ending May 5, 2024.
Management will host a conference call the same day at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss these results. Dial-in options are available for both domestic and international participants. A replay of the call will be available for one year starting at 6:00 p.m. Central Time (7:00 p.m. Eastern Time) the same day.
Both the live and archived webcast can be accessed via the Investor Relations section of Dave & Buster's website.
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