Dave & Busters Entmt Inc Stock Price, News & Analysis

Dave & Buster's Entertainment (NASDAQ: PLAY) announced the impending retirement of CEO Brian A. Jenkins, effective September 30, 2021. Jenkins will transition to a Senior Advisor role until November 30, 2021, to assist with leadership continuity. Kevin M. Sheehan, current Chair of the Board, will serve as interim CEO while the search for a permanent successor begins. Jenkins leaves following a record quarterly performance, marking a successful recovery from the pandemic. The company is focused on innovation and growth as consumer demand for entertainment rebounds.

Dave & Buster's (NASDAQ: PLAY) reported record revenues of $377.6 million for Q2 FY 2021, a significant increase of 642.9% from $50.8 million in Q2 2020. Net income reached a record $52.8 million, equating to $1.07 per diluted share, up from a net loss of $58.6 million a year earlier. The company achieved an EBITDA of $114 million, or 30.2% of revenues. With all 142 stores open and strong liquidity of $340 million, Dave & Buster's is poised for growth, having launched new initiatives and expecting continued recovery in the third quarter.

Dave & Buster's announces enhanced football-viewing experiences for the season, featuring high-definition screens, expanded menu items, and live events. On September 16, the company will host Barstool Sports’ podcast, Pardon My Take, during the New York Giants vs. Washington game in Westbury, NY. New menu items include shareable dishes like Buffalo Crunch Wrap and Blue Moon Fried Pickles, available for a limited time. The D&B Sports Bar boasts a 40-foot-wide LED TV and improved seating to offer an immersive viewing experience for fans.

Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) will release its second quarter financial results for the period ending August 1, 2021, on September 9, 2021, after market close. A conference call to discuss these results will take place the same day at 4:00 p.m. Central Time. Interested parties can access the call by dialing (720) 543-0206 or (800) 458-4121. Additionally, the call will be available via live and archived webcast on the company's website under Investor Relations.

Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) announced that CEO Brian Jenkins and CFO Scott Bowman will participate in a fireside chat at the Jefferies Virtual Consumer Conference on June 22, 2021, from 2:05 PM to 2:35 PM ET. The live webcast will be accessible through the investor relations section of their website. Founded in 1982 and based in Dallas, Texas, Dave & Buster's operates 141 venues across North America, providing a unique combination of dining and entertainment options, including a full menu and numerous games for guests to enjoy.

Dave & Buster's (NASDAQ:PLAY) reported strong financial results for Q1 FY2021, ending May 2, with revenues of $265.3 million, a 66% increase from $159.8 million in Q1 2020. The company achieved a net income of $19.6 million or $0.40 per diluted share, compared to a loss of $43.5 million in the same quarter last year. Despite a 35% decline in comparable store sales versus Q1 2019, store-level operating income was positive in 119 locations. Looking ahead, revenues for Q2 2021 are projected between $335 million and $350 million.

Dave & Buster’s is launching its Summer of “DING DING DING,” introducing 7 new arcade games and 23 chef-crafted menu items. The innovative Digital Collectibles Prize program features Non-Fungible Tokens (NFTs) that guests can claim as prizes. The NFT series includes unique D&B Game Coin and City Card designs. To support a charitable cause, they are auctioning an uber-rare NFT, with proceeds benefiting the Make-A-Wish Foundation. The campaign aims to showcase the revitalization of the brand through engaging content across various channels, enhancing the overall guest experience.

Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) will report its financial results for the first quarter of 2021, which ended on May 2, 2021, on June 10, 2021, after market close. A conference call to discuss these results is scheduled for 4:00 p.m. Central Time that same day. Investors can access the call via phone or through a live webcast on the company’s Investor Relations website. Dave & Buster's operates 141 venues across North America, offering dining and entertainment experiences.

On April 21, 2021, Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) announced the appointment of Atish Shah to its Board of Directors, effective April 16, 2021. Shah has extensive experience in the hospitality sector, having served as CFO at Xenia Hotels & Resorts and held senior roles at Hyatt Hotels Corporation and Hilton Hotels Corporation. The Chairman highlighted Shah's financial expertise as crucial for enhancing stakeholder value. CEO Brian Jenkins emphasized that Shah’s appointment aligns with the company's strategic goals as it looks to strengthen its market position following recent challenges.