Dave & Busters Entmt Inc Stock Price, News & Analysis

Dave & Buster's Entertainment (NASDAQ:PLAY) reported fourth quarter and fiscal year results impacted by COVID-19. For Q4 2020, revenues were $116.8 million, a 66.3% decline from $347.2 million in Q4 2019. Net loss was $56.8 million, or $1.19 per share, compared to a net income of $25 million in the prior year. For fiscal year 2020, revenues totaled $436.5 million, down 67.8% year-over-year. Despite these losses, the company reported a recovery in early 2021, with sales at fully operational stores reaching 74% of 2019 levels in February.

Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) announced the expiration of its shareholder rights plan on March 17, 2021. This plan, adopted in March 2020, has concluded as scheduled, requiring no action from shareholders. The company will also voluntarily de-register the preferred stock purchase rights under the Securities Exchange Act, as they have terminated. These administrative steps will not affect the common stock, which remains listed on NASDAQ.

Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) has rescheduled the release of its fourth quarter 2020 financial results to March 31, 2021, after market close, moved from April 1, 2021, due to the Good Friday market holiday. The results will be discussed in a conference call at 4:00 p.m. Central Time the same day, with access available via phone or webcast. The company operates 141 entertainment and dining venues across North America, providing a unique experience that combines dining, gaming, and sports viewing.

Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) will report its financial results for Q4 2020 on April 1, 2021, after market close. Management will hold a conference call at 4:00 PM Central Time to discuss these results. Interested parties can access the call via phone or through a live webcast on the company’s website. Dave & Buster’s operates 141 venues across North America, offering a mix of dining and entertainment options, including games and live sports viewing. Investors can reach out to CFO Scott Bowman for inquiries.

Dave & Buster's Entertainment (NASDAQ: PLAY) reported preliminary fourth-quarter results, showing a steep decline in sales due to COVID-19. For the first nine weeks ending January 3, 2021, revenue was $69.4 million, marking a 75% drop in comparable store sales. The company had an EBITDA loss of $22 million and a cash burn rate of $3.7 million per week. By mid-January, over 100 stores are expected to reopen, though 27 locations in California and New York will remain closed. Revenue guidance for the quarter is projected between $98 million and $102 million.

Dave & Buster's Entertainment (NASDAQ: PLAY) will present at the 2021 ICR Virtual Conference on January 11, 2021, at 4:30 PM ET. CEO Brian Jenkins and CFO Scott Bowman will lead the presentation, which will be accessible via a live webcast on the company's investor relations website. Dave & Buster's operates 139 entertainment and dining venues across North America, providing a unique blend of meals, drinks, and games. Founded in 1982 and headquartered in Dallas, Texas, the company serves customers in 40 states, Puerto Rico, and Canada.

Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) has appointed James Chambers to its Board of Directors and key committees, effective December 22, 2020. Chambers, a partner at Hill Path Capital LP, joins the board as the company's largest shareholder. This addition increases the board's independence, with 8 of 10 directors now classified as independent. CEO Brian A. Jenkins expressed confidence that Chambers' extensive experience in entertainment will enhance strategic growth. Hill Path Capital, a significant investor, aims to collaborate closely to realize the company's potential.

Dave & Buster's Entertainment (NASDAQ:PLAY) reported its third quarter 2020 financial results, severely affected by COVID-19. Revenues fell to $109.1 million, down 63.6% from $299.4 million in Q3 2019. Comparable store sales plummeted 66%. The company posted a net loss of $48.0 million, or $1.01 per share, compared to a net income of $0.5 million in the prior year. By November 1, 104 stores were operational, but recent COVID spikes are expected to further impact fourth-quarter sales and profitability.

Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) will announce its Q3 2020 financial results on December 10, 2020, after market close. The results will be discussed in a conference call scheduled for 4:00 PM CST. Interested parties can join by dialing (720) 543-0214 or toll-free (888) 254-3590. A replay will be available for one year. The company operates 138 venues across North America, providing entertainment and dining experiences. Their establishments are found in 40 states, Puerto Rico, and Canada.