This owner of Dave & Buster's, a chain of restaurants and arcades is expected to post quarterly earnings of $1.55 per share in its upcoming report, which represents a year-over-year change of +6.9%. Wall Street expects a year-over-year increase in earnings on higher revenues when Dave & Buster's (PLAY) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock pric ...

Financial Data and Key Metrics - Q4 2023 revenue was $599 million, with adjusted EBITDA of $152 million, representing a 25 3% adjusted EBITDA margin, a 380 basis point expansion compared to 2019 [104] - Net income for Q4 2023 was $36 million, or $0 88 per diluted share, while adjusted net income was $42 million, or $1 03 per diluted share [104] - Pro forma comparable store sales decreased 7% in Q4 2023 versus 2022, but were up 8% compared to Q4 2019 [114] - Adjusted EBITDA grew by $28 million in fiscal 2023, with adjusted EBITDA margins expanding by 80 basis points year-over-year on a pro forma basis [35] Business Line Performance - Food and beverage revenue per check is expected to increase by mid-single digits, with a material improvement in F&B COGS and a 3 to 5 point improvement in food satisfaction scores [1] - Special Events revenue is pacing to finish Q1 up mid-single digits versus 2019, with strong expectations for the May and June graduation season [122] - The new service model for Special Events is driving results, with the company preparing for the busy season and setting up for banquet events later in the year [5] Market Performance - International development is gaining momentum, with 33 stores in the pipeline across six countries, and up to four stores expected to open in the next 12 to 18 months [37] - The company recently entered into a franchise agreement to develop two stores in the Dominican Republic, further expanding its international presence [37] Strategic Direction and Industry Competition - Fiscal 2024 is expected to be a transformative year, with significant progress on organic growth initiatives, including an acceleration of the remodel program and continued store base growth [28] - The company is focused on improving food and beverage offerings, with a multi-phase roadmap to introduce a new menu and service model [45] - Strategic game pricing has been implemented, with regional differentiation showing encouraging results, particularly in stores with the highest price increases [42] Management Commentary on Operating Environment and Future Outlook - The company is navigating the business to meet consumer demand, with a focus on value and favorable mix shifts in food and beverage offerings [4] - Management is confident in the company's ability to achieve its $1 billion adjusted EBITDA target in the coming years, driven by organic growth initiatives and cost efficiency [28] - The company is better equipped than ever to be nimble in marketing and discounting, targeting the right guests with the right offers [6] Other Important Information - The company has a robust pipeline of new units, with 15 new stores planned for fiscal 2024 across both Dave & Buster's and Main Event brands [63] - The loyalty program grew by 500,000 users in Q4 2023, with loyalty guests visiting 50% more frequently and spending 15% more per visit compared to non-loyalty guests [41] - The company has increased its share repurchase authorization to $200 million, reflecting a focus on driving shareholder value [109] Q&A Session Summary Question: Consumer response to price increases and current environment [2] - The company is seeing an increase in check size driven by a favorable mix shift, not price increases, with guests selecting items they see value in [4] - The company is being careful about balancing price and value, with a focus on improving its ability to navigate pricing strategies [7] Question: Impact of weather on Q4 performance [79] - Severe weather in January led to 60-plus stores being partially or fully closed, significantly impacting Q4 comparable store sales [79] Question: Progress on strategic initiatives since Investor Day [80] - The company is on schedule with its strategic initiatives, having completed infrastructure work and testing, and is now implementing these initiatives [82] - Remodels, new units, international expansion, game pricing, and food and beverage offerings are all progressing as expected [83] Question: Impact of game pricing changes on dwell time and value proposition [86] - The company has not seen a material deterioration in dwell time or value proposition due to game pricing changes, but will continue to monitor and adjust as needed [93] Question: Consumer behavior trends and recent choppiness [94] - The company has seen some weakness in lower-income consumers but strength in high-end consumers, with overall spending patterns remaining stable [96] - Visitation has been choppy, but once guests are in the door, spending levels and dwell times remain consistent [106]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED February 04, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File No. 001-35664 ______________________________ Dave & Buster's Entertainment, Inc. (Exact name of registrant as specified in its ...

Dave & Buster's Reports Fourth Quarter and Fiscal Year End 2023 Financial Results Exhibit 99.1 • Fourth quarter revenue of $599.1 million increased 6.3% from the fourth quarter of 2022. • Pro forma combined comparable store sales (including Main Event branded stores) decreased 7.0% compared with the same period in 2022 and increased 8.0% compared with the same period in 2019. • Net income totaled $36.2 million, or $0.88 per diluted share, compared with net income of $39.1 million, or $0.80 per diluted share ...

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Q3 2023 Earnings Conference Call December 5, 2023 5:00 PM ET Company Participants Cory Hatton - Vice President, Investor Relations and Treasurer Chris Morris - Chief Executive Officer Michael Quartieri - Chief Financial Officer Conference Call Participants Andy Barish - Jefferies Jeff Farmer - Gordon Haskett Brian Mullan - Piper Sandler Brian Vaccaro - Raymond James Sharon Zackfia - William Blair Operator Good day, and welcome to the Dave & Buster's Third ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED October 29, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File No. 001-35664 Dave & Buster's Entertainment, Inc. (Exact name of registrant as specified in its charter) | Delaware | 35-2382255 | ...

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Q2 2023 Earnings Conference Call September 6, 2023 5:00 PM ET Company Participants Cory Hatton - Vice President, Investor Relations and Treasurer Chris Morris - Chief Executive Officer Mike Quartieri - Chief Financial Officer Conference Call Participants Jake Bartlett - Truist Securities Jeff Farmer - Gordon Haskett Brian Vaccaro - Raymond James Andrew Strelzik - BMO Capital Dennis Geiger - UBS Operator Good day, and welcome to the Dave & Buster's Second Qua ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED July 30, 2023 OR Dave & Buster's Entertainment, Inc. (Exact name of registrant as specified in its charter) | Delaware | 35-2382255 | (State of Incorporation) | (I.R.S. Employer ID) | | --- | --- | --- | --- | | 1221 S. Beltline Rd., Suite 500, Coppell, Texas, 75019 | (214)357-9588 | (Addre ...

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Q1 2023 Earnings Call Transcript June 6, 2023 5:00 PM ET Company Participants Corey Hatton - Vice President, Investor Relations and Treasurer Chris Morris - Chief Executive Officer Mike Quartieri - Chief Financial Officer Conference Call Participants Andy Barish - Jefferies Jake Bartlett - Truist Securities Brian Vaccaro - Raymond James Jeff Farmer - Gordon Haskett Sharon Zackfia - William Blair Chris O'Cull - Stifel Dennis Geiger - UBS Operator Good afterno ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED April 30, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File No. 001-35664 Dave & Buster's Entertainment, Inc. (Exact name of registrant as specified in its charter) | Delaware | 35-2382255 | | ...