Dave & Busters Entmt Inc Stock Price, News & Analysis

Dave & Buster's is launching a unique contest offering an exclusive overnight stay at the 'D&B B&B' in Miami this July. One winner and their friends will enjoy unlimited access to games, a full-service bartender, and chef-crafted meals. Contest entries, open until July 1, require a 10-second video explaining why summer is better indoors. The winner will be announced on July 11, with the event scheduled for July 16. This initiative is part of Dave & Buster’s summer campaign, emphasizing indoor entertainment amidst summer challenges.

Dave & Buster's reported record financial results for Q1 2022, with revenue rising 24.1% from Q1 2019 to $451.1 million, compared to $265.3 million in Q1 2021. Net income reached $67.0 million, or $1.35 per diluted share, up from $19.6 million in Q1 2021. Adjusted EBITDA also set a record at $143.2 million, representing 31.8% of revenue. The company ended the quarter with $139.1 million in cash and a low net debt leverage ratio of 0.7x. The second quarter has started strong with comparable store sales increasing 12.2% compared to 2019.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) will announce its financial results for the first quarter of 2022, ending May 1, 2022, on June 7, 2022, before market opens. A conference call is scheduled for the same day at 7:30 a.m. Central Time to discuss these results. Participants can register online or dial in using specified numbers. The company operates 146 venues across North America, offering dining and entertainment experiences.

Dave & Buster's Entertainment (NASDAQ:PLAY) announced that the waiting period for its pending acquisition of Main Event from Ardent Leisure Group and RedBird Capital Partners expired on May 18, 2022. The acquisition, however, is still subject to conditions, including shareholder approval from Ardent Leisure Group. This strategic move aims to enhance Dave & Buster's family entertainment offerings, aligning with their business model that combines dining and entertainment across their 146 venues in North America.

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has appointed Gail Mandel to its Board of Directors, effective April 18, 2022. This follows the retirement of Patricia Mueller, who served on the Board since 2015. Kevin Sheehan, Board Chair, praised Mueller's contributions and expressed excitement about Mandel's financial expertise and potential to drive growth. Mandel, founder of Focused Point Ventures, brings extensive experience from her roles at Wyndham Destination Network and Sabre Corporation. The company operates 145 venues across North America, offering dining and entertainment.

Dave & Buster's (NASDAQ:PLAY) announced its agreement to acquire Main Event from Ardent Leisure Group and RedBird Capital for $835 million in cash. This deal aims to enhance both brands by targeting different demographics: Main Event focuses on families with younger children while Dave & Buster's caters to young adults. The acquisition is expected to yield $20 million in synergies within two years and is predicted to be accretive to both earnings and growth. The transaction, pending regulatory and stockholder approvals, will close later this year.

Dave & Buster's Entertainment (NASDAQ:PLAY) reported its fourth quarter and fiscal year results for the period ending January 30, 2022. Revenue for Q4 reached $343.1 million, a 193.7% increase from Q4 2020 but a 1.2% decline from Q4 2019. Net income totaled $25.7 million, or $0.52 per diluted share.

For fiscal 2021, revenue was $1.30 billion, up 198.7% from fiscal 2020 but down 3.7% from fiscal 2019. Adjusted EBITDA improved to $351.7 million, or 27.0% of revenue. The company redeemed $55 million in senior secured notes, improving its financial position.

WWE has partnered with Joe Hand Promotions to broadcast all Premium Live Events at over 140 Dave & Buster’s locations nationwide, starting with WrestleMania on April 2-3, 2022. This strategic move aims to expand WWE's audience and enhance the viewing experience for fans. Emilio Revelo, WWE VP, highlighted the synergy between WWE events and the fun atmosphere at Dave & Buster's, while Joe Hand Promotions expressed enthusiasm for connecting WWE fans in a vibrant setting. This collaboration could significantly boost attendance and engagement for WWE events across the country.