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.
Dave & Buster's Entertainment Inc (PLAY) operates at the intersection of casual dining and interactive entertainment, offering a unique blend of arcade gaming, sports viewing, and full-service dining. This news hub provides investors and industry observers with timely updates on corporate developments shaping the company's market position.
Track official press releases, earnings reports, and strategic announcements through our curated collection of PLAY stock news. The page serves as a centralized resource for understanding operational milestones, including venue expansions, menu innovations, and partnership agreements within the entertainment-dining sector.
Users will find updates categorized by material events including quarterly financial results, leadership changes, and competitive market analysis. Content is rigorously verified to ensure alignment with regulatory disclosures and factual accuracy.
Bookmark this page for efficient monitoring of Dave & Buster's business trajectory. Combine these updates with broader market context to inform your analysis of PLAY's performance in the evolving entertainment landscape.
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.
Dave & Buster's Entertainment (NASDAQ:PLAY) will release its Q2 2022 financial results on September 7, 2022, after market close. The results will cover the period ended July 31, 2022. Management plans to host a conference call at 4:00 PM CT to discuss these results, with dial-in options available for participants. A replay of the call will be accessible for one year following the event. The company operates 200 venues in North America, including 148 Dave & Buster’s locations and 52 Main Event centers.
Dave & Buster's Entertainment (NASDAQ:PLAY) announced an investor update to discuss its recent acquisition of Main Event, scheduled for July 12, 2022. The conference call will include key executives sharing combined historical results. Accessible via a toll-free number and also available as a replay, the event signifies an important step in strategic expansion. Founded in 1982, Dave & Buster's operates 200 venues across North America, featuring dining and entertainment options. The company acknowledges risks related to the ongoing pandemic that could affect future performance.
Dave & Buster's Entertainment has announced a new leadership team following its recent acquisition of Main Event Entertainment, finalized on June 29, 2022. The appointments, effective August 1, 2022, include key positions like Chief Financial Officer Michael Quartieri and Chief Operating Officer Tony Wehner. CEO Chris Morris emphasized the experience and talent of the new team aimed at enhancing the entertainment experience across both brands. This strategic move is intended to streamline operations while maintaining distinct brand identities.
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) has successfully acquired Main Event from Ardent Leisure Group and RedBird Capital Partners. The transaction received regulatory approval and was supported by both companies' Boards. Chris Morris, former CEO of Main Event, will lead Dave & Buster's as the new CEO. The merger aims to enhance both brands, positioning the company for accelerated growth. An investor conference call is scheduled for July 12, 2022, to discuss the combined results.
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.
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