Dave & Busters Entmt Inc Stock Price, News & Analysis

Dave & Buster’s Entertainment reported robust fourth quarter and fiscal year 2022 results, showcasing significant growth. Total revenue reached $563.8 million, a 64.3% increase from Q4 2021, with pro forma comparable store sales rising 19.0%. Net income surged to $39.1 million or $0.80 per diluted share. For the full year, revenue hit $2.0 billion, climbing 50.6% year-over-year, and adjusted EBITDA totaled $480.4 million, up 42.8%. The Company also announced a $100 million share repurchase program and achieved its $25 million annual synergy target ahead of schedule.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) announced it will release its financial results for the fourth quarter and fiscal year ending January 29, 2023, on March 28, 2023, after market close. A conference call will follow at 4:00 p.m. CT to discuss the results, accessible by calling 877-883-0383 or 412-902-6506. A live webcast will also be available on the Company’s Investor Relations website. Founded in 1982, Dave & Buster's operates 204 venues across North America, providing guests with dining and entertainment experiences through its two brands: Dave & Buster’s and Main Event.

Dave & Buster's Entertainment (NASDAQ: PLAY) has launched Dave & Buster's World on Roblox, marking its entry into the metaverse. This immersive experience reflects the company's arcade culture and allows users to engage in multi-user gaming. The platform features adaptations of classic arcade games such as GridIron Blitz™ and original titles like Zombie Survival. By leveraging Roblox's audience of over 58 million daily users, particularly targeting the 17-24 age group, Dave & Buster's aims to enhance guest connections both online and in-store. This initiative underlines the company’s commitment to innovation in interactive experiences.

Dave & Buster's reported strong Q3 2022 results, highlighting record revenue of $481.2 million, a 51.3% increase from Q3 2021. The company successfully integrated Main Event stores, achieving $17 million in cost savings towards a target of $25 million. Adjusted EBITDA rose to $90 million, up 31.9% year-over-year. The net income was $1.9 million, reflecting challenges compared to $10.6 million in Q3 2021. Liquid assets totaled $599.3 million, including $108.2 million in cash. Overall, the outlook remains positive with ongoing sales growth.

Dave & Buster's is launching the "Impossible Holiday Hangout" contest to reunite friends this holiday season. Running from December 5 to December 12, participants can submit a 15-second video for a chance to win an all-expenses-paid weekend in Kansas City for four friends. The prize includes airfare, lodging, unlimited games, and food at a Dave & Buster's location. This promotional event emphasizes the company's focus on creating memorable experiences and fostering connections during the holidays.

DAVE & BUSTER'S Entertainment, Inc. (NASDAQ:PLAY) will disclose its third-quarter financial results for the period ending October 30, 2022, after market close on December 6, 2022. A conference call to discuss the results will follow at 4:00 p.m. Central Time. Investors can join the call via toll-free or international numbers and access a replay for one year. The company operates 203 venues across North America under the Dave & Buster's and Main Event brands, providing dining and entertainment experiences.

Stride Esports and Dave & Buster's Entertainment (NASDAQ: PLAY) are launching live education nights in Las Vegas, aimed at engaging young gamers aged 8 to 25. The events will feature educational gameplay, with participants receiving a $20 gift card, subject to availability. Scheduled for October 21, 26, and 27, this collaboration intends to expand to more markets in 2023. The esports industry is projected to grow to $3 billion in 2022, highlighting significant opportunities for educational and career development within the sector.

Dave & Buster's has announced an international franchise partnership with Abdul Mohsen Al Hokair Holding Group to expand its brand across key West Asian markets. The franchise will launch in Saudi Arabia, followed by the UAE and Egypt.

This partnership signifies a strategic milestone in Dave & Buster's international growth plans, leveraging a customizable business model, localized menu offerings, and a robust marketing strategy to penetrate global markets effectively.

Dave & Buster's (NASDAQ:PLAY) reported record revenue of $468.4 million for Q2 2022, a 35.9% increase from Q2 2019 and 24.0% from Q2 2021. Net income was $29.1 million (59 cents per share), down from $52.8 million in Q2 2021. The acquisition of Main Event contributed $51.4 million in revenue. The company has realized over $11.5 million in annualized cost synergies and raised its target from $20 million to $25 million. Cash liquidity stands at $591.8 million.