A month has gone by since the last earnings report for Dave & Buster's (PLAY - Free Report) . Shares have lost about 17.4% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Dave & Buster's due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Dave & Buster's Entertainment, Inc. before we dive into how investors and analysts have reacted as of late.
Dave & Buster's Q1 Earnings & Revenues Miss EstimatesDave & Buster's reported weak first-quarter fiscal 2026 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate. Both metrics also declined on a year-over-year basis.
The quarter was primarily weighed down by weaker customer demand at existing locations, as reflected in lower comparable-store sales. This softness, particularly in the company's core entertainment segment, contributed to an overall decline in revenues. At the same time, profitability came under pressure due to higher labor, administrative and depreciation-related expenses, which compressed operating margins.
Despite a challenging quarter, Dave & Buster's highlighted several encouraging developments. Management noted that its back-to-basics strategy is gaining traction, with improvements across food and beverage offerings, marketing initiatives and the refreshed remodel program contributing to a stronger guest experience. The company continued to execute on its growth strategy through new store openings, remodel activities and international franchise expansion.
Dave & Buster’s Q1 Earnings & RevenuesFor the fiscal first quarter, the company reported adjusted earnings per share (EPS) of 22 cents, which missed the consensus mark of 37 cents by 40.5%. In the year-ago quarter, it had reported an adjusted EPS of 76 cents.
Quarterly revenues of $559.2 million missed the consensus estimate of $571 million by 2.1% and declined 1.5% year over year. The top line was pressured by a $29.2 million decline in comparable store revenues, partly offset by an $18.1 million increase in noncomparable store revenues.
Dave & Buster’s Sales Mix Shows DivergenceFood and Beverage revenues (38.3% of total revenues in the reported quarter) increased 6.5% year over year to $214.1 million. The company cited eat-and-play combo enhancements and menu changes made in the second half of fiscal 2025 as factors supporting higher food attach rates and check growth. Our estimate was $202.5 million.
Entertainment revenues (61.7%) fell 5.9% year over year to $345.1 million. Our estimate was $373.1 million.
Comparable store sales (including Main Event-branded locations) declined 5.4% year over year. Management attributed the decline in comparable store revenues to a reduction in walk-in business relative to the prior-year period.
Dave & Buster’s Q1 Operating HighlightsOperating income totaled $46.9 million compared with $63.2 million in the year-ago quarter. Operating margin declined to 8.4% from 11.1% reported in the first quarter of fiscal 2025. Our estimate for operating income was $43 million.
Adjusted EBITDA came in at $123.2 million compared with $136.1 million in the prior-year quarter. Adjusted EBITDA margin contracted to 22% from 24%, reflecting softer sales leverage and higher operating cost pressure.
Dave & Buster’s Balance Sheet and Cash FlowCash and cash equivalents were $19.6 million as of May 5, 2026, compared with $16.6 million as of Feb. 3, 2026. Long-term debt, net, was $1.50 billion compared with $1.52 billion at fiscal 2025-end. The company ended the quarter with $499.1 million of available liquidity, consisting of cash and availability under its $650 million revolving credit facility.
Net cash provided by operating activities improved to $113.8 million from $95.8 million in the prior-year period, mainly due to working-capital timing, partly offset by lower net income. Capital expenditures were $105.3 million, down from $154.6 million. Adjusted free cash flow was positive $25.3 million against negative $58.8 million in the year-ago quarter.
PLAY’s Store Growth and OutlookThe company opened one new domestic store in the first quarter and has opened three additional domestic stores in the second quarter. It has completed remodels of six Dave & Buster’s stores so far in fiscal 2026 and expects to complete two more during the remainder of the year.
International franchise growth also continued. Dave & Buster’s opened its fifth international franchise store in May and sixth in June, and expects at least one more opening during the remainder of fiscal 2026. Management said its back-to-basics strategy is gaining traction across food and beverage, marketing and remodels, and reiterated confidence in generating more than $100 million in free cash flow in fiscal 2026.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -22.22% due to these changes.
VGM ScoresCurrently, Dave & Buster's has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. It's no surprise Dave & Buster's has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry PlayerDave & Buster's is part of the Zacks Retail - Restaurants industry. Over the past month, Cracker Barrel Old Country Store (CBRL - Free Report) , a stock from the same industry, has gained 22%. The company reported its results for the quarter ended April 2026 more than a month ago.
Cracker Barrel reported revenues of $797.37 million in the last reported quarter, representing a year-over-year change of -2.9%. EPS of $0.29 for the same period compares with $0.58 a year ago.
For the current quarter, Cracker Barrel is expected to post a loss of $0.33 per share, indicating a change of -144.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -7.7% over the last 30 days.
Cracker Barrel has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.
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52-Week Range$9.61▼
$35.53Price Target$19.33
Dave & Buster’s NASDAQ: PLAY price action is not inspiring for bulls. The stock has trended lower for over two years and could continue to decline. The Q1 earnings release failed to meet expectations, setting the stage for new lows.
The caveat is that PLAY stock is already trading at historically low levels, aligning with lows plumbed during the height of COVID-19 fear, and there are signs of traction in the release.
Get PLAY alerts:
While comps remain an issue, the Back-to-Basics strategy is improving food sales and cash flow metrics, which are central to the stock price outlook. In this scenario, PLAY’s downtrend is played out, and price recovery lies ahead.
Dave & Buster’s Reverts to Free Cash Flow in Q1Dave & Buster’s is a growth story gone awry, but it is also trying to become a recovery and capital return story. The company has historically used cash flow to fund opportunistic share repurchases, which remain in play if the turnaround gains traction. While Q1 results failed to meet expectations, Dave & Buster’s reported a small quarterly profit and returned to positive adjusted free cash flow. The result was modest compared with prior periods, but it was enough to help the company build cash despite continued investment in new stores and remodels.
Looking ahead, management plans a less aggressive capital expenditure year for 2027 than initially reported, focusing on free cash flow (FCF) and the leverage it provides. Dave & Buster’s did not buy back shares in Q1 but will likely do so as the year progresses, given the FCF outlook. As it stands, trailing-12-month activity contributed to a 0.7% average share count reduction in FQ1.
Institutional trends suggest that they, too, will buy PLAY stock in July and summer 2026. The group owns more than 90% of the stock and, after selling in 2025, reverted to buying in 2026. Q1 activity reflects group rotation, with selling spiking alongside buying, but the overall balance is bullish for investors. Activity in early Q2 is less robust overall but comes with a far more bullish balance of approximately $2 bought for every $1 sold. The likely outcome is that buying accelerates amid lower stock prices, with critical support in the $8-$10 range.
Dave & Buster’s Falters on Weak Store TrafficDave & Buster’s Q1 results revealed some budding strengths but also persistent weaknesses. The company’s $559.2 million in net revenue was down 1.5% year-over-year (YOY) and came in $21.4 million below consensus on a 5.4% decline in comp sales. Comp sales are the critical factor in PLAY’s rebound thesis and are expected to provide a catalyst this year. As weak as the Q1 results are, management remains confident in the outlook for positive full-year comps and new-store growth. Store count is up approximately 4% as of Q1’s end and expected to rise by another 100 to 200 bps by year’s end.
The margin news is also uninspiring, but again, there is a catalyst at hand. Gross margin expanded incrementally but was offset by higher costs, resulting in profit compression. Cost increases, tied to wages and labor among other drivers, are accelerating deleveraging as revenue declines. The catalyst is the return to positive comp stores, revenue growth, and improving margins.
Analysts Wait and See: Trends Highlight Deep Value OpportunityDave & Buster’s analyst trends contributed to the stock price decline, as they are bearish, but the market has overreacted to the change. Trading around $12, the stock remains deeply discounted to analysts’ average price target, leaving meaningful upside if the turnaround gains traction. A move toward that target is unlikely without clearer evidence of recovery, but improving comps and profitability could provide the catalyst investors need. Until then, analysts remain cautious, with the consensus rating at Hold and the average price target near $20.
Dave & Buster's Entertainment Stock Forecast Today12-Month Stock Price Forecast:
$19.33
61.50% Upside
Hold
Based on 7 Analyst Ratings
Current Price$11.97High Forecast$30.00Average Forecast$19.33Low Forecast$12.00Dave & Buster's Entertainment Stock Forecast Details
Dave & Buster’s risk this year is high oil prices and inflation. High oil prices are underpinning inflation and impairing discretionary spending. In this environment, it may be difficult for PLAY to grow comp sales.
Debt is also a risk. The company carries significant debt, and maintenance spending cuts into cash flow. If the turnaround fails to gain traction by year’s end, the company’s ability to continue as-is will be in jeopardy.
Catalysts include a renewed focus on targeted store remodels, menu changes, new games and Eat-and-Play offers. Management’s Back-to-Basics strategy appears to be helping food and beverage sales, but the stock likely needs clearer evidence that those gains can translate into better traffic, stronger comps and improved margins. The company is also still opening new stores and expanding internationally through franchise partnerships, giving it longer-term growth levers if the core business stabilizes.
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Key Takeaways PLAY posted weaker Q1 results, with lower revenues, EPS miss and a 5.4% comparable sales decline.PLAY is resetting promotions after dollar-per-day messaging fell short and new offers gained traction.PLAY sees new games, food momentum, remodels and World Cup activations as key traffic drivers. Dave & Buster’s Entertainment, Inc. (PLAY - Free Report) used its first-quarter fiscal 2026 call to acknowledge a weak start while arguing that the bigger story is a business reset built around games, value, food and beverage, and remodels.
Management’s message was clear: Q1 disappointed, but the company believes the pieces are now in place to improve same-store sales through the rest of fiscal 2026 and deliver more than $100 million in free cash flow.
PLAY Confronts a Soft QuarterCEO Tarun Lal said first-quarter results came in below both internal expectations and the outlook management had set previously. He pointed to a softer macro backdrop in April, including pressure on consumer sentiment, but also said the company was not using that as an excuse.
The reported numbers were weak enough to keep the pressure on management. Adjusted earnings per share came in at $0.22, below the Zacks Consensus Estimate of $0.37, resulting in a negative earnings surprise of 40.5%. Revenues of $559.2 million missed the Zacks Consensus Estimate of $571.1 million by 2.1%.
Comparable store sales fell 5.4% in the first quarter, revenues declined 1.5% year over year, and adjusted EBITDA slipped to $123.2 million from $136.1 million a year earlier. Adjusted EBITDA margin also narrowed to 22% from 24%.
Dave & Buster’s Reworks Its Value MessageLal said one of the clearest lessons from the quarter was that the company’s dollar-per-day messaging did not resonate as expected. He said the company has since pivoted to promotions that are proving more compelling with customers.
Management described the marketing reset as broader than a single campaign. Lal said Dave & Buster’s is simplifying its promotional calendar, leaning more heavily on data-driven media mix decisions, and trying to strike a better balance between television and digital rather than swinging too far in either direction.
In Q&A, a BMO Capital Markets analyst pressed for more detail on what changed. Lal stated that the current message hierarchy is more disciplined, with 10 new games now serving as the primary message and the World Cup watch experience as a secondary one.
PLAY Sees Traction in Food and GamesWhile entertainment remained soft, management highlighted food and beverage as an early proof point. Lal said comparable food and beverage sales rose about 5% in Q1, extending a run of nine straight months of positive same-store sales in that part of the business.
Lal credited the return to a historically proven menu and stronger execution of the Eat & Play Combo. CFO Darin Harper added that attach trends have improved, helping the company target value-conscious guests without overdiscounting the broader business.
Games are the bigger strategic swing. Lal said the company rolled out 10 new games, the most since 2017, and expects at least five more over the rest of fiscal 2026. He framed that as a direct response to guest feedback that the arcade floor had lacked enough newness.
Dave & Buster’s Pins Hopes on Traffic DriversManagement repeatedly returned to the idea that new games are meant to drive visits first and spending second. In response to a Texas Capital Securities analyst, Harper said the refresh should be viewed mainly as a way to restore relevance, reengage lapsed guests, and support traffic rather than simply lift in-store game spend.
Lal also tied the second-half outlook to still-unannounced intellectual property partnerships, saying those deals should help put the brand back into consumer conversation. That confidence sounded firmer in Q&A than in the prepared remarks.
The World Cup is another near-term catalyst. Management said the company launched a full activation around watch parties, themed food and drinks, soccer-inspired games, and promotional ticket giveaways tied to marquee matches.
PLAY Stays Focused on Cash and CapexDespite the weak quarter, Harper said the company generated $25.3 million of adjusted free cash flow compared with a negative $58.8 million a year earlier. Available liquidity ended the quarter at $499.1 million.
Management is pairing that cash focus with stricter capital discipline. Lal reiterated that net capital expenditures should not exceed $200 million in fiscal 2026, down from about $270 million in fiscal 2025, while free cash flow should still top $100 million this year.
The call also made clear that capital allocation is shifting. Lal and Harper said the core store base now takes priority, with remodels, deleveraging and shareholder returns all competing for dollars that might otherwise have gone to faster unit growth.
Dave & Buster’s Narrows Its PrioritiesPrepared remarks and Q&A both pointed to a tighter operating playbook. Management emphasized speed of service, more disciplined marketing, better value architecture, and a remodel program that costs about half as much as prior versions while still producing about a 7% comp uplift.
Harper said six remodels have already been completed, with two more expected in fiscal 2026. He also said the company could open about half as many new units in fiscal 2027 as it refocuses spending on the existing base.
Coming out of the call, management’s stance was not celebratory. It was more a case that the quarter exposed what was not working, and that the company now wants investors to judge it on execution against a narrower set of priorities over the balance of the year.
Zacks Signals on PLAYPLAY carries a Zacks Rank #4 (Sell), alongside Value Score A, Growth Score B, Momentum Score A and VGM Score A. Zacks says a Style Score is meant to complement, not override, the Zacks Rank, with the rank remaining the first screen because earnings estimate revisions are the most important driver in the system.
That leaves PLAY with a mixed signal. The style profile points to favorable value, growth and momentum characteristics, but Zacks’ framework says investors should not buy stocks rated Zacks Rank #4 or 5 (Strong Sell) even when each Style Score is strong. That ranking can still change as estimate revisions move following the latest results.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Dave & Buster’s NASDAQ: PLAY price action is not inspiring for bulls. The stock has trended lower for over two years and could continue to decline. The Q1 earnings release failed to meet expectations, setting the stage for new lows.
The caveat is that PLAY stock is already trading at historically low levels, aligning with lows plumbed during the height of COVID-19 fear, and there are signs of traction in the release.
Get PLAY alerts:
While comps remain an issue, the Back-to-Basics strategy is improving food sales and cash flow metrics, which are central to the stock price outlook. In this scenario, PLAY’s downtrend is played out, and price recovery lies ahead.
Dave & Buster’s Reverts to Free Cash Flow in Q1Dave & Buster’s is a growth story gone awry, but it is also trying to become a recovery and capital return story. The company has historically used cash flow to fund opportunistic share repurchases, which remain in play if the turnaround gains traction. While Q1 results failed to meet expectations, Dave & Buster’s reported a small quarterly profit and returned to positive adjusted free cash flow. The result was modest compared with prior periods, but it was enough to help the company build cash despite continued investment in new stores and remodels.
Looking ahead, management plans a less aggressive capital expenditure year for 2027 than initially reported, focusing on free cash flow (FCF) and the leverage it provides. Dave & Buster’s did not buy back shares in Q1 but will likely do so as the year progresses, given the FCF outlook. As it stands, trailing-12-month activity contributed to a 0.7% average share count reduction in FQ1.
Institutional trends suggest that they, too, will buy PLAY stock in July and summer 2026. The group owns more than 90% of the stock and, after selling in 2025, reverted to buying in 2026. Q1 activity reflects group rotation, with selling spiking alongside buying, but the overall balance is bullish for investors. Activity in early Q2 is less robust overall but comes with a far more bullish balance of approximately $2 bought for every $1 sold. The likely outcome is that buying accelerates amid lower stock prices, with critical support in the $8-$10 range.
Dave & Buster’s Falters on Weak Store TrafficDave & Buster’s Q1 results revealed some budding strengths but also persistent weaknesses. The company’s $559.2 million in net revenue was down 1.5% year-over-year (YOY) and came in $21.4 million below consensus on a 5.4% decline in comp sales. Comp sales are the critical factor in PLAY’s rebound thesis and are expected to provide a catalyst this year. As weak as the Q1 results are, management remains confident in the outlook for positive full-year comps and new-store growth. Store count is up approximately 4% as of Q1’s end and expected to rise by another 100 to 200 bps by year’s end.
The margin news is also uninspiring, but again, there is a catalyst at hand. Gross margin expanded incrementally but was offset by higher costs, resulting in profit compression. Cost increases, tied to wages and labor among other drivers, are accelerating deleveraging as revenue declines. The catalyst is the return to positive comp stores, revenue growth, and improving margins.
Analysts Wait and See: Trends Highlight Deep Value OpportunityDave & Buster’s analyst trends contributed to the stock price decline, as they are bearish, but the market has overreacted to the change. Trading around $12, the stock remains deeply discounted to analysts’ average price target, leaving meaningful upside if the turnaround gains traction. A move toward that target is unlikely without clearer evidence of recovery, but improving comps and profitability could provide the catalyst investors need. Until then, analysts remain cautious, with the consensus rating at Hold and the average price target near $20.
Dave & Buster's Entertainment Stock Forecast Today12-Month Stock Price Forecast:
$19.33
75.84% Upside
Hold
Based on 7 Analyst Ratings
Current Price$11.00High Forecast$30.00Average Forecast$19.33Low Forecast$12.00Dave & Buster's Entertainment Stock Forecast Details
Dave & Buster’s risk this year is high oil prices and inflation. High oil prices are underpinning inflation and impairing discretionary spending. In this environment, it may be difficult for PLAY to grow comp sales.
Debt is also a risk. The company carries significant debt, and maintenance spending cuts into cash flow. If the turnaround fails to gain traction by year’s end, the company’s ability to continue as-is will be in jeopardy.
Catalysts include a renewed focus on targeted store remodels, menu changes, new games and Eat-and-Play offers. Management’s Back-to-Basics strategy appears to be helping food and beverage sales, but the stock likely needs clearer evidence that those gains can translate into better traffic, stronger comps and improved margins. The company is also still opening new stores and expanding internationally through franchise partnerships, giving it longer-term growth levers if the core business stabilizes.
Should You Invest $1,000 in Dave & Buster's Entertainment Right Now?Before you consider Dave & Buster's Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dave & Buster's Entertainment wasn't on the list.
While Dave & Buster's Entertainment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
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Key Takeaways Dave & Buster's weak Q1 reset the debate as comps fell 5.4% and entertainment revenues declined.PLAY is refocusing on food, games, marketing, operations and remodels to restore sales growth.Cash flow improved in Q1, with Dave & Buster's targeting more than $100M in 2026 free cash flow. Dave & Buster’s Entertainment, Inc. (PLAY - Free Report) remains a contested story after a weak fiscal first quarter. The company has recognizable entertainment assets, but softer traffic and execution missteps have reset the debate.
The question is whether management’s back-to-basics plan can restore positive comparable sales and rebuild profitability fast enough.
Dave & Buster's Business Mix Matters AgainDave & Buster’s operates around dining, games and sports viewing through its “Eat, Drink, Play and Watch” model. That mix matters because the latest quarter showed sharply different trends across the business.
Food and beverage revenues represented 38.3% of revenues and rose 6.5% year over year to $214.1 million. Entertainment revenues represented 61.7% and fell 5.9% to $345.1 million, making games and traffic the key recovery areas.
Brinker International (EAT - Free Report) is a relevant restaurant peer because casual-dining operators compete for discretionary dining dollars. Brinker currently carries a Zacks Rank #3 (Hold).
The Cheesecake Factory Incorporated (CAKE - Free Report) also fits the comparison, as it depends on guest traffic, menu appeal and value perception in a competitive restaurant market. Cheesecake Factory currently carries a Zacks Rank #3.
PLAY's Weak Quarter Shows the Real ProblemDave & Buster’s reported adjusted earnings of 22 cents per share, missing the Zacks Consensus Estimate of 37 cents. Revenues of $559.2 million also missed the consensus mark of $571 million and declined 1.5% year over year.
Comparable store sales fell 5.4%, including Main Event-branded locations. The decline reflected weaker walk-in business, with entertainment softness weighing heavily on the quarter.
Operating income dropped to $46.9 million from $63.2 million a year earlier. Adjusted EBITDA declined to $123.2 million from $136.1 million, while adjusted EBITDA margin narrowed to 22% from 24%.
Dave & Buster's Turnaround Levers Are VisibleManagement is refocusing on food, games, marketing, operations and remodels. Food and beverage has been an early bright spot, supported by Eat & Play Combos, menu changes and improved food attach.
Games are another major lever after years of underinvestment. The company recently rolled out 10 new games and plans at least five additional games during the remainder of fiscal 2026.
Marketing is being rebuilt around a simpler promotional calendar and more disciplined media spending. Remodels are also part of the reset, with the new prototype producing roughly a 7% comparable sales uplift while costing about half as much as prior remodels.
PLAY Still Faces Clear Execution RisksThe rebound still faces clear pressure points. Weaker consumer sentiment, elevated gas prices and pressure on discretionary spending remain risks for a concept built around out-of-home entertainment.
Marketing execution is also not fixed yet. Management said its dollar-per-day messaging did not resonate as expected, highlighting the need for sharper value communication.
Lower-income consumer weakness adds another challenge. Value promotions may support traffic, but sustained discounting could pressure margins if sales do not respond enough.
Dave & Buster's Cash Flow Adds Breathing RoomCash flow gives the turnaround more flexibility. Dave & Buster’s generated $25.3 million in adjusted free cash flow in the fiscal first quarter, compared with a negative $58.8 million a year earlier.
The company ended the quarter with $499.1 million of available liquidity. Management continues to target more than $100 million in free cash flow for fiscal 2026.
Capital discipline also supports the plan. Net capital expenditures are expected to be no more than $200 million in fiscal 2026, down from approximately $270 million in fiscal 2025.
How PLAY's Zacks Signals Fit This StoryThe bottom line is that PLAY has visible turnaround levers, but the operating proof is still early. Food and beverage momentum, game reinvestment, remodel economics and better cash flow are positives, while negative comps and entertainment weakness keep the stock in prove-it mode.
PLAY currently carries a Zacks Rank #4 (Sell). That rank points to caution around the near-term earnings outlook.
The stock’s Style Scores are stronger, with a VGM Score of A, Value Score of A, Growth Score of B and Momentum Score of A. These scores suggest PLAY screens well across several style factors, but Style Scores are most useful when aligned with a favorable Zacks Rank.
For now, the stronger style profile does not override the cautious rank. Investors may want clearer evidence that the operating reset is translating into sustained sales growth, margin recovery and better earnings momentum.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Dave & Buster's Entertainment, Inc. faces a challenging turnaround as same-store sales fell 5.4% during Spring Break, highlighting weak consumer demand. PLAY's entertainment revenue mix is eroding, pressuring margins, while restaurant sales grew ~5% in Q1 FY 2027 but offer lower profitability. Leverage stands at 3.8x net LT debt/EBITDA, with no near-term debt wall, but operational risks loom if EBITDA declines further.
Dave & Buster's Entertainment (NASDAQ:PLAY) reported a steeper-than-expected drop in first-quarter profit and revenue as softer consumer sentiment and a marketing misstep weighed on comparable store sales.
The video game and restaurant chain posted adjusted earnings per share of $0.22 for the quarter, falling well short of the analyst consensus of approximately $0.90.
Revenue declined 1.5% year-over-year to $559.2 million, missing the $580.6 million expected by analysts.
Comparable store sales fell 5.4% in the quarter, significantly worse than the consensus estimate of a 1.2% decline. The company attributed the shortfall to macroeconomic headwinds including elevated gas prices and geopolitical uncertainty, as well as promotional tests that failed to connect with cost-conscious consumers.
Despite the weak headline results, management pointed to early signs of stabilization. Quarter-to-date comparable sales through mid-June were running at negative 4%, and the company said it expects to return to positive comparable sales for the remainder of fiscal 2026, beginning in mid-June, driven by a new games lineup, World Cup activations and a revitalized loyalty program with personalized offers.
The company also cited momentum in its food and beverage segment, where comparable sales rose 5% year-over-year for the ninth consecutive month of positive growth, and in special events, which saw a 3% comparable sales gain.
On the operational side, Dave & Buster's reported a meaningful swing in adjusted free cash flow, improving to positive $25.3 million from negative $58.8 million in the prior year period. Management reiterated its fiscal 2026 target of generating more than $100 million in free cash flow, with approximately $499 million in total liquidity.
Dave & Buster's also reported continued international expansion, opening its fifth and sixth franchise locations in May and June 2026, including a partnership to develop 15 venues in India.
Jefferies analysts said they view risk/reward as skewed to the upside at current valuations.
The firm noted the stock trades at roughly 4 times estimated 2027 EBITDA, a discount to most full-service peers at 5 to 12 times.
The bank lowered its 2026 comparable sales estimate to negative 2.4% and cut its adjusted EBITDA forecasts for 2026 and 2027 to $433 million and $469 million, respectively.
U.S. stock futures were higher this morning, with the Dow futures gaining around 0.1% on Tuesday.
The company posted quarterly earnings of 22 cents per share, which missed the analyst consensus estimate of 61 cents per share. The company reported quarterly sales of $559.200 million, which missed the analyst consensus estimate of $580.461 million.
Dave and Buster’s shares dipped 13.4% to $10.67 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
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Dave & Buster’s stock is among today’s weakest performers. What’s pressuring PLAY stock? Earnings HighlightsDave & Buster’s reported adjusted earnings per share of 22 cents, missing the consensus estimate of 61 cents. In addition, it reported revenue of $559.20 million, missing the consensus estimate of $580.46 million and representing a 1.5% year-over-year decline.
Comparable store sales fell 5.4% compared to the same period in fiscal 2025. The company ended the quarter with $499.1 million in available liquidity.
Dave & Buster’s opened one new domestic store in the first quarter and three additional domestic stores in the second quarter. The company has completed six store remodels in fiscal 2026 and expects two more by year-end. Its international franchise footprint expanded to six stores with openings in May and June.
“While first quarter results fell short of expectations, our back-to-basics strategy is gaining clear traction,” said Tarun Lal, CEO. “We are highly confident in our ability to drive positive comps for the remainder of the year while generating over $100 million in free cash flow in fiscal 2026.”
Analyst Consensus & Recent ActionsThe stock carries a Hold rating with an average price target of $14.67. Recent analyst moves include:
UBS: Neutral (Lowers Target to $12.00) (June 16) Dave & Buster’s Shares CraterPLAY Price Action: At the time of publication, Dave & Buster’s shares are trading 18.02% lower at $10.10, according to data from Benzinga Pro.
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Dave & Buster's Entertainment Inc (NASDAQ:PLAY) is plummeting before the open, down 19% to trade at $9.98, after the restaurant and arcade operator reported weaker-than-expected first-quarter results. The company earned 22 cents per share, missing analysts' expectations of 37 cents per share, while revenue of $559.2 million missed estimates of $580.5 million.
Comparable-store sales fell 5.4% year over year as well. In response, Benchmark downgraded the stock to "hold" from "buy," while BMO cut its price target to $22 from $24 and UBS lowered its target to $12 from $13.
PLAY is looking to move back toward its March 27 roughly six-year low of $9.61, testing a recent floor at the $10 region. Heading into today, the equity is down 24% since the start of the year and late last week was rejected by the 100-day moving average.
Short interest fell 3.6% over the most recent reporting period and now accounts for 33.7% of the stock's available float. At PLAY's average daily trading pace, it would take nearly five days for bearish bets to be covered.
Meanwhile, PLAY sports a Schaeffer's Volatility Scorecard (SVS) of 99 out of 100, indicating the shares have consistently delivered larger moves than options traders have priced in.
Includes all-new Marvel Infinity Comics series and access to expansive digital catalog of comics
New York, NY--(BUSINESS WIRE)--USA TODAY PLAY, a unified digital hub for casual entertainment and gaming, part of USA TODAY Co., Inc. (NYSE: TDAY), announced a collaboration with Marvel Comics to provide an exclusive vertically-formatted Marvel Infinity “Spider-Man TODAY” Comic series to USA TODAY PLAY. The all-new specially created comic “Spider-Man TODAY” weekly subscriber series written by Al Ewing and illustrated by Todd Nauck will publish every Wednesday for the next 47 weeks showcasing the adventures of the web-slinger teaming up with heroes from across the Marvel Universe.
Additionally, USA TODAY PLAY subscribers can enjoy unlimited access to a catalog of 1,000 digital comics from Marvel’s expansive breadth of characters and storylines including X-Men, Captain America, Black Panther, Fantastic Four, Guardians of the Galaxy, and Captain Marvel among many others. *Non-subscribers can explore a curated weekly selection.
“We’re thrilled to expand the USA TODAY PLAY brand through this exciting collaboration with Marvel,” said Dara Sanderson, Vice President and General Manager of USA TODAY PLAY. “We’re continuing to broaden our offerings, and this project is a testament to that. By blending iconic storytelling with interactive experiences true to the USA TODAY PLAY ethos, we continue to create daily moments that provide users well-deserved breaks from everyday stressors.”
“As digital comics continue to grow, we have the opportunity at Marvel to bring our comics to more fans across different platforms,” said Jon-Michael Ennis, Director of Digital Publishing at Marvel. “We’re excited to be working with USA TODAY to invite even more people to experience our comic book storytelling, whether they’re brand new to comics or lifelong readers.”
Featuring digital comics, puzzles, games and more, USA TODAY offers multiple ways to PLAY. Users can access content ad-free with a subscription, or for free using an ad-supported option. Paid subscribers also enjoy additional benefits, including unlimited hints and reveals in puzzles, full access to archival content, and early access to select new features.
*Subscription Pricing and Availability (subject to applicable terms and conditions)
USA TODAY PLAY monthly subscription: $0.99 for the first month, then $4.99 per month USA TODAY PLAY annual subscription: $39.99 per year Add USA TODAY PLAY monthly subscription to an existing USA TODAY Network subscription: $2 per month Add USA TODAY PLAY annual subscription to an existing USA TODAY Network subscription: $24 per year Anonymous Users: Enjoy access to 1 free Marvel comic a week (from a curated selection of 10) Registered Users: Enjoy access to 2 free Marvel comics a week (from a curated selection of 10) ABOUT USA TODAY CO., INC.
USA TODAY Co., Inc. is a diversified media company with expansive reach at the national and local level dedicated to empowering and enriching communities. Our mission is to inspire, inform, and connect audiences. As a media and digital marketing solutions company we are focused on sustainable growth. Through our trusted brands, including the USA TODAY NETWORK, comprised of the national publication, USA TODAY, and our network of local properties, in the United States, and Newsquest, a wholly-owned subsidiary operating in the United Kingdom, we provide essential journalism, local content, and digital experiences to audiences and businesses. We deliver trusted unbiased journalism when and where consumers want it. LocaliQ, our digital marketing solutions brand, supports small and medium-sized businesses with innovative digital marketing products and solutions.
ABOUT USA TODAY
Since its introduction in 1982, USA TODAY has been a cornerstone of the national media landscape under its recognizable and respected brand. It also serves as the foundation for our newsroom network which allows for content sharing capabilities across our local and national markets. Through USA TODAY, we deliver high-quality, trusted content with a commitment to balanced, unbiased journalism, where and when consumers want to engage. Across our digital platforms we reach an audience of approximately 87 million unique visitors each month (based on December 2025 Comscore Media Metrix®).
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that relate to our current expectations and views of future events. All statements other than statements of historical facts contained in this press release, including statements relating to whether this initiative will enable USA TODAY Co. to increase sales or revenues, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. In some cases, you can identify forward-looking statements by terms such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” “could,” “will,” “would,” “ongoing,” “future” or the negative of these terms or other similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements involve known and unknown risks, uncertainties, contingencies, changes in circumstances that are difficult to predict and other important factors that may cause our actual results, performance, or achievements to be materially and/or significantly different from any future results, performance or achievements expressed or implied by the forward-looking statement. For a discussion of some of the risks and important factors that could cause actual results to differ materially from our expectations, see the risks and other factors detailed in “Item 3. Key Information - Risk Factors” in USA TODAY Co.’s (fka Gannett Co., Inc.) 2025 Annual Report on Form 10-K and USA TODAY Co.’s (fka Gannett Co., Inc.) quarterly reports on Form 10-Q and USA TODAY Co.’s (fka Gannett Co., Inc.) other filings with the SEC, in each case as such factors may be updated from time to time. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. USA TODAY Co. disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
Dave and Buster's Entertainment Inc. (NASDAQ:PLAY) reported downbeat earnings for the first quarter after the closing bell on Monday.
The company posted quarterly earnings of 22 cents per share, which missed the analyst consensus estimate of 61 cents per share. The company reported quarterly sales of $559.200 million, which missed the analyst consensus estimate of $580.461 million.
Dave and Buster's shares fell 8.8% to trade at $11.23 on Tuesday.
These analysts made changes to their price targets on Dave and Buster's following earnings announcement.
UBS analyst Dennis Geiger maintained the stock with a Neutral and lowered the price target from $13 to $12. BMO Capital analyst Andrew Strelzik maintained the stock with an Outperform rating and lowered the price target from $24 to $22. Benchmark analyst Mike Hickey downgraded Dave & Buster’s from Buy to Hold. Considering buying PLAY stock? Here’s what analysts think:
Photo via Shutterstock
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Dave and Buster's Entertainment Inc. (NASDAQ:PLAY) reported downbeat earnings for the first quarter after the closing bell on Monday.
The company posted quarterly earnings of 22 cents per share, which missed the analyst consensus estimate of 61 cents per share. The company reported quarterly sales of $559.200 million, which missed the analyst consensus estimate of $580.461 million.
Dave and Buster's shares fell 8.8% to trade at $11.23 on Tuesday.
These analysts made changes to their price targets on Dave and Buster's following earnings announcement.
UBS analyst Dennis Geiger maintained the stock with a Neutral and lowered the price target from $13 to $12. BMO Capital analyst Andrew Strelzik maintained the stock with an Outperform rating and lowered the price target from $24 to $22. Benchmark analyst Mike Hickey downgraded Dave & Buster’s from Buy to Hold. Considering buying PLAY stock? Here’s what analysts think:
Photo via Shutterstock
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Dave & Buster's Entertainment (NASDAQ:PLAY) reported a steeper-than-expected drop in first-quarter profit and revenue as softer consumer sentiment and a marketing misstep weighed on comparable store sales.
The video game and restaurant chain posted adjusted earnings per share of $0.22 for the quarter, falling well short of the analyst consensus of approximately $0.90.
Revenue declined 1.5% year-over-year to $559.2 million, missing the $580.6 million expected by analysts.
Comparable store sales fell 5.4% in the quarter, significantly worse than the consensus estimate of a 1.2% decline. The company attributed the shortfall to macroeconomic headwinds including elevated gas prices and geopolitical uncertainty, as well as promotional tests that failed to connect with cost-conscious consumers.
Despite the weak headline results, management pointed to early signs of stabilization. Quarter-to-date comparable sales through mid-June were running at negative 4%, and the company said it expects to return to positive comparable sales for the remainder of fiscal 2026, beginning in mid-June, driven by a new games lineup, World Cup activations and a revitalized loyalty program with personalized offers.
The company also cited momentum in its food and beverage segment, where comparable sales rose 5% year-over-year for the ninth consecutive month of positive growth, and in special events, which saw a 3% comparable sales gain.
On the operational side, Dave & Buster's reported a meaningful swing in adjusted free cash flow, improving to positive $25.3 million from negative $58.8 million in the prior year period. Management reiterated its fiscal 2026 target of generating more than $100 million in free cash flow, with approximately $499 million in total liquidity.
Dave & Buster's also reported continued international expansion, opening its fifth and sixth franchise locations in May and June 2026, including a partnership to develop 15 venues in India.
Jefferies analysts said they view risk/reward as skewed to the upside at current valuations.
The firm noted the stock trades at roughly 4 times estimated 2027 EBITDA, a discount to most full-service peers at 5 to 12 times.
The bank lowered its 2026 comparable sales estimate to negative 2.4% and cut its adjusted EBITDA forecasts for 2026 and 2027 to $433 million and $469 million, respectively.
Dave & Buster's PLAY is experiencing significant pressure after falling short of expectations in its Q1 (April) report. The company reported a notable EPS miss, with revenue declining 1.5% year-over-year to $559.2 million. The primary concern appears to be a drop in customer traffic, particularly during the peak spring break season in March and April, attributed to macroeconomic pressures and declining consumer sentiment. However, management pointed to improving free cash flow, positive trends in food and beverage sales, and strong performance from remodeled locations as indicators that internal changes are beginning to take effect.
Traffic and Food & Beverage Performance: Same-store sales fell by 5.4%, worsening from a 3.3% decline in Q4 (January). On a positive note, food and beverage comps increased by approximately 5%, marking nine consecutive months of growth in this area, indicating that the main issue lies with entertainment traffic. Challenges: The company's $1-per-day promotional messaging did not resonate as intended, compounded by macroeconomic pressures and weaker consumer sentiment during March and April. Although Q2-to-date comps have improved, they remain down about 4%. Successful Remodels: The remodeled locations have outperformed the overall system by nearly 700 basis points. Management noted that the new prototype remodels cost about half of the previous versions while delivering a 7% comp uplift. Traffic Recovery Initiatives: PLAY is working to boost traffic through a marketing reset, new promotions, fresh game offerings, World Cup activations, and value deals like Eat & Play bundles. The company recently introduced 10 new games and anticipates adding at least five more this year. Capital Allocation Strategy: PLAY plans to open 11 new stores in FY26 but has expressed a willingness to allocate more capital towards remodels and core business improvements. Future openings in FY27 and FY28 may slow to around five per year. Future Outlook: The company is still targeting positive comps for the remainder of FY26, along with EBITDA growth and over $100 million in free cash flow. Analysts note that this was not the anticipated start for PLAY or its investors as the company navigates its turnaround. Comp sales have declined in Q1, and while macroeconomic headwinds impacted the busy spring break season, the execution of the promotional strategy also fell short. Although improvements in food and beverage trends, successful remodels, and enhanced free cash flow indicate some internal progress, they have not sufficiently countered the decline in traffic and entertainment revenue. With Q2-to-date comps still down about 4%, it remains challenging to support management's goal for positive comps for the rest of FY26. Until PLAY demonstrates a recovery in traffic and entertainment revenue, investor skepticism regarding the turnaround may persist, despite the positive signs from remodels and cash flow.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Key Takeaways PLAY missed Q1 earnings and revenue estimates as both metrics declined from the year-ago quarter.PLAY comparable store sales fell 5.4%, hurt by weaker walk-in demand at existing locations.PLAY said its back-to-basics strategy is gaining traction in food, marketing and remodels. Dave & Buster's Entertainment, Inc. (PLAY - Free Report) reported weak first-quarter fiscal 2026 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate. Both metrics also declined on a year-over-year basis.
The quarter was primarily weighed down by weaker customer demand at existing locations, as reflected in lower comparable-store sales. This softness, particularly in the company's core entertainment segment, contributed to an overall decline in revenues. At the same time, profitability came under pressure due to higher labor, administrative and depreciation-related expenses, which compressed operating margins.
Despite a challenging quarter, Dave & Buster's highlighted several encouraging developments. Management noted that its back-to-basics strategy is gaining traction, with improvements across food and beverage offerings, marketing initiatives and the refreshed remodel program contributing to a stronger guest experience. The company continued to execute on its growth strategy through new store openings, remodel activities and international franchise expansion.
Following the announcement, PLAY stock declined 11.2% during the after-hours trading session yesterday.
Dave & Buster’s Q1 Earnings & RevenuesFor the fiscal first quarter, the company reported adjusted earnings per share (EPS) of 22 cents, which missed the consensus mark of 37 cents by 40.5%. In the year-ago quarter, it had reported an adjusted EPS of 76 cents.
Quarterly revenues of $559.2 million missed the consensus estimate of $571 million by 2.1% and declined 1.5% year over year. The top line was pressured by a $29.2 million decline in comparable store revenues, partly offset by an $18.1 million increase in noncomparable store revenues.
Dave & Buster’s Sales Mix Shows DivergenceFood and Beverage revenues (38.3% of total revenues in the reported quarter) increased 6.5% year over year to $214.1 million. The company cited eat-and-play combo enhancements and menu changes made in the second half of fiscal 2025 as factors supporting higher food attach rates and check growth. Our estimate was $202.5 million.
Entertainment revenues (61.7%) fell 5.9% year over year to $345.1 million. Our estimate was $373.1 million.
Comparable store sales (including Main Event-branded locations) declined 5.4% year over year. Management attributed the decline in comparable store revenues to a reduction in walk-in business relative to the prior-year period.
Dave & Buster’s Q1 Operating HighlightsOperating income totaled $46.9 million compared with $63.2 million in the year-ago quarter. Operating margin declined to 8.4% from 11.1% reported in the first quarter of fiscal 2025. Our estimate for operating income was $43 million.
Adjusted EBITDA came in at $123.2 million compared with $136.1 million in the prior-year quarter. Adjusted EBITDA margin contracted to 22% from 24%, reflecting softer sales leverage and higher operating cost pressure.
Dave & Buster’s Balance Sheet and Cash FlowCash and cash equivalents were $19.6 million as of May 5, 2026, compared with $16.6 million as of Feb. 3, 2026. Long-term debt, net, was $1.50 billion compared with $1.52 billion at fiscal 2025-end. The company ended the quarter with $499.1 million of available liquidity, consisting of cash and availability under its $650 million revolving credit facility.
Net cash provided by operating activities improved to $113.8 million from $95.8 million in the prior-year period, mainly due to working-capital timing, partly offset by lower net income. Capital expenditures were $105.3 million, down from $154.6 million. Adjusted free cash flow was positive $25.3 million against negative $58.8 million in the year-ago quarter.
PLAY’s Store Growth and OutlookThe company opened one new domestic store in the first quarter and has opened three additional domestic stores in the second quarter. It has completed remodels of six Dave & Buster’s stores so far in fiscal 2026 and expects to complete two more during the remainder of the year.
International franchise growth also continued. Dave & Buster’s opened its fifth international franchise store in May and sixth in June, and expects at least one more opening during the remainder of fiscal 2026. Management said its back-to-basics strategy is gaining traction across food and beverage, marketing and remodels, and reiterated confidence in generating more than $100 million in free cash flow in fiscal 2026.
PLAY’s Zacks Rank & Key PicksDave & Buster’s currently has a Zacks Rank #4 (Sell).
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The Zacks Consensus Estimate for Starbucks’ 2026 sales and EPS indicates growth of 2.9% and 12.7%, respectively, from the prior-year levels.
Five Below, Inc. (FIVE - Free Report) presently sports a Zacks Rank of 1. The company delivered a trailing four-quarter earnings surprise of 70.1%, on average. FIVE stock has gained 2.9% year to date.
The Zacks Consensus Estimate for Five Below’s 2026 sales and EPS indicates growth of 14.3% and 30.4%, respectively, from the year-ago period’s levels.
Dillard's, Inc. (DDS - Free Report) sports a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 27.9%, on average. DDS stock has declined 6.7% year to date.
The Zacks Consensus Estimate for Dillard’s fiscal 2026 sales and EPS indicates growth of 2.1% and 6.3%, respectively, from the prior-year levels.
Dave & Buster's Entertainment PLAY shares fell about 4% after the company reported weaker-than-expected fiscal first-quarter 2026 results, as softer customer demand and higher operating costs weighed on sales and profitability.
The restaurant and entertainment operator posted adjusted earnings per share of $0.22, missing analysts' consensus estimate of $0.37.
The figure also declined significantly from adjusted earnings of $0.76 per share reported in the year-ago quarter.
Revenue totaled $559.2 million, falling short of Wall Street expectations of approximately $571 million and declining 1.5% from the prior year.
The company said lower comparable-store sales contributed to the revenue decline, partially offset by growth from newer locations.
The quarter was marked by weaker traffic at existing locations, particularly within the company's higher-margin entertainment business.
Comparable-store sales, including Main Event-branded locations, declined 5.4% year over year.
Management attributed the decline largely to reduced walk-in traffic compared with the same period last year.
The weakness came despite continued efforts to improve customer engagement through promotional initiatives and operational enhancements.
Dave & Buster's Chief Executive Officer, Tarun Lal, said the company entered the quarter with positive momentum before broader economic conditions affected consumer behavior.
“Of the macro backdrop, elevated gas prices, geopolitical uncertainty and a meaningful softness in consumer sentiment. They all were a real headwind in April.”
The softer demand environment weighed on discretionary spending, affecting both customer visits and overall sales trends during the quarter.
Performance varied significantly across business segments.
Food and beverage revenue increased 6.5% year over year to $214.1 million, supported by menu updates and enhancements to the company's eat-and-play combo offerings introduced during the second half of fiscal 2025.
The company said these initiatives helped improve food attachment rates and average customer spending.
However, entertainment revenue declined 5.9% year over year to $345.1 million.
Since arcade and gaming operations typically generate higher margins than food and beverage sales, the shift in revenue mix created additional pressure on profitability.
Management also reviewed the effectiveness of its marketing efforts during the quarter.
“We found that our dollar per day messaging did not resonate as strongly as we hoped. And since then, we have pivoted to more compelling promotions, which are resonating with customers,” said Lal.
The company said it has since adjusted its promotional strategy in an effort to better connect with value-conscious consumers.
Profitability weakened during the quarter as lower sales leverage combined with higher expenses.
Operating income declined to $46.9 million from $63.2 million a year earlier. Operating margin fell to 8.4% from 11.1%.
Adjusted EBITDA totaled $123.2 million, down from $136.1 million in the prior-year quarter. Adjusted EBITDA margin contracted to 22% from 24%.
Despite the disappointing results, management highlighted progress in several areas of its turnaround strategy.
The company said improvements to food and beverage offerings, marketing initiatives, and its remodel program are helping enhance the guest experience.
Dave & Buster's also continued to invest in future growth through new store openings, remodel projects, and international franchise expansion.
Management indicated that these initiatives remain central to its long-term strategy despite near-term challenges from a cautious consumer environment.
Dave & Buster's Entertainment, Inc. (PLAY) Q1 2027 Earnings Call June 15, 2026 5:00 PM EDT
Company Participants
Cory Hatton - Head of Entertainment Finance, Investor Relations & Treasurer
Tarun Lal - CEO & Director
Darin Harper - Chief Financial Officer
Conference Call Participants
Andrew Barish - Jefferies LLC, Research Division
Sharon Zackfia - William Blair & Company L.L.C., Research Division
Andrew Strelzik - BMO Capital Markets Equity Research
Eric Wold - Texas Capital Securities, Research Division
Brian Vaccaro - Raymond James & Associates, Inc., Research Division
Michael Hickey - The Benchmark Company, LLC, Research Division
Dennis Geiger - UBS Investment Bank, Research Division
Presentation
Operator
Hello, and welcome to the Dave & Buster's Entertainment Inc. First Quarter 2026 Earnings Call. [Operator Instructions]
I'll now turn the conference over to Cory Hatton, VP of Entertainment, Finance, Investor Relations and Treasurer. Please go ahead.
Cory Hatton
Head of Entertainment Finance, Investor Relations & Treasurer
Thank you, operator, and welcome to everyone on the line. Joining me in the room on today's call are Tarun Lal, our Chief Executive Officer; and Darin Harper, our Chief Financial Officer. After our prepared remarks, we will be happy to answer any questions. This call is being recorded on behalf of Dave & Buster's Entertainment, Inc. and is copyrighted.
Before we begin the discussion on our company's first quarter 2026 results, I'd like to call your attention to the fact that in our prepared remarks and responses to questions, certain items may be discussed, which are not entirely based on historical fact. Any of these items should be considered forward-looking statements relating to future events within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Information on these risks and uncertainties have been published in our filings
Dave & Buster's (PLAY - Free Report) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -40.54%. A quarter ago, it was expected that this owner of Dave & Buster's, a chain of restaurants and arcades would post earnings of $0.39 per share when it actually produced a loss of $0.35, delivering a surprise of -189.74%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Dave & Buster's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $559.2 million for the quarter ended April 2026, missing the Zacks Consensus Estimate by 2.08%. This compares to year-ago revenues of $567.7 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Dave & Buster's shares have lost about 20.2% since the beginning of the year versus the S&P 500's gain of 8.6%.
What's Next for Dave & Buster's?While Dave & Buster's has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Dave & Buster's was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.19 on $566.43 million in revenues for the coming quarter and -$0.77 on $2.15 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Restaurants is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Kura Sushi (KRUS - Free Report) , is yet to report results for the quarter ended May 2026.
This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of -160%. The consensus EPS estimate for the quarter has been revised 25% higher over the last 30 days to the current level.
Kura Sushi's revenues are expected to be $86.27 million, up 16.6% from the year-ago quarter.
Dave & Buster's (PLAY - Free Report) reported $559.2 million in revenue for the quarter ended April 2026, representing a year-over-year decline of 1.5%. EPS of $0.22 for the same period compares to $0.76 a year ago.
The reported revenue represents a surprise of -2.08% over the Zacks Consensus Estimate of $571.09 million. With the consensus EPS estimate being $0.37, the EPS surprise was -40.54%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Dave & Buster's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable Store Sales - Total: -5.4% compared to the -2.6% average estimate based on four analysts.Stores Count - End of Period: 247 compared to the 244 average estimate based on four analysts.Company-owned stores at end of period - Dave & Buster's: 182 compared to the 181 average estimate based on three analysts.Company-owned stores at end of period - Main Event: 65 versus the three-analyst average estimate of 62.Entertainment revenues: $345.1 million versus the four-analyst average estimate of $358.35 million. The reported number represents a year-over-year change of -5.9%.Food and beverage revenues: $214.1 million versus $212.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.5% change.View all Key Company Metrics for Dave & Buster's here>>>
Shares of Dave & Buster's have returned +27.9% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Why Dave & Buster's Stock Is Ripping Higher Despite Ugly EarningsDave & Buster's Entertainment NASDAQ: PLAY reported weaker-than-expected first-quarter results for fiscal 2026, with management pointing to macroeconomic pressure in April, a softer consumer backdrop and promotional missteps as contributors to a 5.4% decline in comparable store sales.
Chief Executive Officer Tarun Lal told investors that the quarter “came in below both our own expectations and the expectations we set with you last quarter.” Lal said the company began the quarter well in February and that the March-April spring break calendar shift unfolded largely as expected, but April was pressured by “elevated gas prices, geopolitical uncertainty, and a meaningful softness in consumer sentiment.”
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Dave & Buster’s Reversal Is in PLAY After Double-Bottom Breakout“That said, we are not here to make excuses,” Lal said, adding that management believes the business model remains resilient and that the company is taking steps to improve performance.
Chief Financial Officer Darin Harper said first-quarter revenue was $559 million. Net income was $6 million, or $0.16 per diluted share, while adjusted net income was $8 million, or $0.22 per diluted share. Adjusted EBITDA was $123 million, representing a 22% adjusted EBITDA margin.
Management Says Trends Have Improved in Q2 Dave & Buster’s Stock: Is Now the Time to Make a PLAY?Despite the first-quarter decline, executives said comparable sales trends have improved so far in the second quarter. Lal said quarter-to-date comps were down approximately 4%, despite unfavorable weather, and said the company remains confident in improvement later in the quarter.
Harper clarified during the question-and-answer session that management’s expectation for positive comparable store sales applies “starting today through the balance of the year,” rather than necessarily including the quarter-to-date decline already recorded in Q2.
Executives attributed their confidence to initiatives already underway, including new games, food and beverage changes, marketing adjustments, store remodels and entertainment activations tied to major events such as the World Cup.
Back-to-Basics Strategy Focuses on Games, Food, Marketing and Operations Lal said Dave & Buster’s has drifted in recent years from elements that historically supported the brand, including investment in games, food and beverage, marketing and operational execution. He described the current plan as a “back-to-basics” strategy intended to restore those pillars.
Food and beverage was one of the stronger areas in the quarter. Lal said comparable food and beverage sales grew approximately 5% in Q1, helped by the company’s return to a historically proven menu last October and stronger execution of its Eat & Play Combo. He said the company has now posted nine straight months of positive food and beverage same-store sales.
Harper said special events grew approximately 3% during the quarter. In response to a question from William Blair analyst Sharon Zackfia, Lal said the company is investing in its special events organization and using its database to reach corporate and institutional customers. He said the goal is to convert event guests into repeat visitors by improving games, food and value offerings.
The company also emphasized renewed investment in arcade content. Lal said Dave & Buster’s recently rolled out 10 new games, the largest rollout since 2017, and expects at least five more new games later in fiscal 2026. He cited new titles including Hot Wheels Ultimate Speedway, ICEE Slush Rush, John Wick: Continental Pursuit, Odin’s Hammer Strike, Perfect Pump, The Mandalorian & Grogu and Stranger Things-related content.
Harper said the new games are meant to refresh more than 10% of the game room floor and improve relevance and traffic, rather than simply increase spending from guests already in stores. Lal added that consumers are spending more time on the games floor and that the company’s challenge is to market the new games more effectively.
Promotional and Media Strategy Being Reworked Lal said the company’s “dollar-per-day” messaging did not resonate as strongly as management had hoped, prompting a shift to what he described as more compelling promotions. In the Q&A session, he said guests have been asking for both improved product and stronger value.
Management said the company is working to rebuild its marketing strategy around a simpler promotional calendar, media mix modeling and a better balance between television and digital advertising. Lal said Dave & Buster’s had previously swung too far in both directions — first spending heavily on television and later shifting heavily toward digital — and is now using data to guide channel decisions.
The company also described its World Cup activation as a key summer initiative. Lal said the offering includes two soccer-inspired arcade games, tournament-themed food and drinks, tickets to major World Cup matches placed inside Human Crane games and a ticketed “Hat Trick Watch Experience” that includes all-you-can-eat wings and fries and unlimited gameplay starting at $24.99.
Capital Spending Discipline and Free Cash Flow Remain Priorities Dave & Buster’s generated $25 million in free cash flow during the first quarter, compared with negative free cash flow of $59 million in the prior-year period, an $84 million improvement. Harper said the company ended the quarter with $20 million in cash and $499 million in total liquidity, including availability under its $650 million revolving credit facility, net of $20 million in letters of credit.
Management maintained its expectation for more than $100 million in free cash flow for fiscal 2026 and said net capital expenditures are expected to be no more than $200 million, down from approximately $270 million in fiscal 2025. Lal said the company is focused on “strict capital expenditure discipline” and minimum return thresholds.
The company continues to expect 11 new stores in fiscal 2026. However, Harper said Dave & Buster’s is evaluating whether to redirect some future new store capital toward core business investments, remodels, deleveraging or other shareholder returns. In response to a Raymond James analyst question, Harper said he would anticipate about half the number of new units in fiscal 2027 and fiscal 2028, or roughly five new units, based on current thinking.
Store remodels remain part of the investment plan. Lal said six remodels have recently opened under a new, lower-cost prototype, with two more planned in the coming months. Management said the new remodels cost about half as much as the prior remodel program while producing a similar sales lift, with the remodeled locations outperforming the rest of the system by nearly 700 basis points.
International Franchise Growth Continues Harper said Dave & Buster’s opened its fifth international franchise location in Australia during the first quarter and its sixth in Delhi, India, during the second quarter. The company expects at least one more international opening this year in Mexico City.
Harper said Dave & Buster’s has agreements for more than 30 additional international franchise stores in coming years and views international franchising as an asset-light growth opportunity with limited investment and risk.
In closing remarks, Lal said the company is in the early stages of its transformation and is focused on same-store sales growth, EBITDA expansion and free cash flow generation. He said guest feedback is informing decisions across games, food, value, marketing and operations, and that management expects to provide updates on additional intellectual property partnerships in the coming months.
About Dave & Buster's Entertainment NASDAQ: PLAYDave & Buster's Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.
The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.
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DALLAS, June 15, 2026 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) (“Dave & Buster's” or “the Company”), an owner, operator, and franchisor of entertainment and dining venues, today announced financial results for its first quarter of fiscal 2026 ended May 5, 2026.
First Quarter 2026 Financial Summary
Revenue of $559.2 million decreased 1.5% from the first quarter of fiscal 2025.Comparable store sales decreased 5.4% compared to the same calendar period in fiscal 2025.Net income totaled $5.7 million, or $0.16 per diluted share, compared to net income of $21.7 million, or $0.62 per diluted share in the first quarter of fiscal 2025. Adjusted net income1 totaled $7.8 million, or $0.22 per diluted share, compared to Adjusted net income1 of $26.7 million, or $0.76 per diluted share in the first quarter of fiscal 2025.Adjusted EBITDA1 was $123.2 million compared to $136.1 million in the first quarter of fiscal 2025.Adjusted free cash flow2 was positive $25.3 million compared to negative $58.8 million in the first quarter of fiscal 2025. Additional Events and Commentary
The Company opened one new domestic store in the first quarter and has opened three additional domestic stores in the second quarter.The Company has completed remodels of six Dave & Buster’s stores thus far in fiscal 2026 and expects to complete two additional Dave & Buster’s store remodels during the remainder of fiscal 2026.The Company opened its fifth international franchise store in May and sixth international franchise store in June, and expects to open at least one additional international franchise store during the remainder of fiscal 2026. “While first quarter results fell short of expectations, our back-to-basics strategy is gaining clear traction,” said Tarun Lal, Chief Executive Officer. “We are driving meaningful progress across food and beverage, marketing, and our refreshed remodel program, which are delivering a sharper value proposition and driving a stronger guest experience. We have the right strategy, the right team, and the right momentum, and we are highly confident in our ability to drive positive comps for the remainder of the year while generating over $100 million in free cash flow in fiscal 2026.”
________________________________1Adjusted EBITDA and Adjusted net income are non-GAAP financial measures. Please see the discussion under Non-GAAP Measures and the reconciliations at the end of this release for additional information concerning these and other non-GAAP financial measures.2Adjusted free cash flow is a non-GAAP financial measure. Adjusted free cash flow equals Net Cash Provided by Operating Activities less Capital Expenditures plus Payments from landlords (sale leaseback transactions). Please see the Company’s Quarterly Report on Form 10-Q for additional information regarding these values.
Cash Flow and Liquidity
The Company generated $25.3 million in Adjusted free cash flow during the first quarter, ending the quarter with $499.1 million of available liquidity.1
Quarterly Report on Form 10-Q Available
The Company’s Quarterly Report on Form 10-Q, which will be available at www.sec.gov and on the Company’s investor relations website, contains a thorough review of its financial results for the first quarter ended May 5, 2026.
Investor Conference Call and Webcast
Management will host a conference call to discuss these results on Monday, June 15, 2026 at 4:00 p.m. Central Time (5:00 p.m. Eastern Time). Both the live and archived webcasts of the conference call will be available at ir.daveandbusters.com. Participants in the U.S. can access the conference call by dialing toll-free (888) 596-4144, and international participants can access by dialing +1 (646) 968-2525. The conference ID is 2926680. A replay will be available after the call beginning at 6:00 p.m. Central Time (7:00 p.m. Eastern Time) and can be accessed by dialing toll-free (800) 770-2030 or by the toll number +1 (609) 800-9909. The replay conference ID is also 2926680.
About Dave & Buster’s Entertainment, Inc.
Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster's Entertainment, Inc. is the owner and operator of 247 stores in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. The Company has 182 Dave & Buster’s branded stores in 43 states, Puerto Rico, and Canada and offers guests the opportunity to “Eat Drink Play and Watch” all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. The Company also operates 65 Main Event branded stores in 23 states across the country, and offers state-of-the-art bowling, laser tag, hundreds of arcade games and virtual reality, making it the perfect place for families to connect and make memories. Internationally, the Company is in early-stage growth as a franchisor of its brands with six Dave & Buster’s franchise stores currently open. For more information about each brand, visit daveandbusters.com and mainevent.com.
Forward-Looking Statements
The Company cautions that this release contains forward-looking statements. These forward-looking statements involve risks and uncertainties, including: our ability to continue as a going concern; our ability to obtain waivers, and thereafter continue to satisfy covenant requirements under our revolving credit facility; our ability to access other funding sources; our overall level of indebtedness; general business and economic conditions; the impact of competition; the seasonality of the Company's business; adverse weather conditions; future commodity prices; guest and employee complaints and litigation; fuel and utility costs; labor costs and availability; changes in consumer and corporate spending; changes in demographic trends; changes in governmental regulations; unfavorable publicity; our ability to open new stores; and acts of God. Accordingly, actual results may differ materially from the forward-looking statements, and the Company therefore cautions you against relying on such forward-looking statements. The Company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more appropriate information becomes available, except as required by law.
________________________________1Available liquidity is defined as cash and cash equivalents plus availability under the Company’s $650.0 million revolving credit facility.
Non-GAAP Measures
To supplement its consolidated financial statements, which are prepared and presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), the Company uses the following non-GAAP financial measures: Adjusted EBITDA, Credit Adjusted EBITDA (calculated in accordance with the Company’s Credit Facility), Net Total Leverage Ratio (calculated in accordance with the Company’s Credit Facility), Store operating income before depreciation and amortization, Adjusted net income (loss), Adjusted net income (loss) per share - diluted, and Adjusted free cash flow reconciliations or numerical inputs of which can be found on the following pages or in the Company’s Quarterly Report on Form 10-Q (collectively the “non-GAAP financial measures”). The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The Company believes that they provide useful information about operating results, enhance the overall understanding of our operating performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making. The non-GAAP measures used by the Company in this press release may be different from the measures used by other companies or calculated differently than similar measures used by other companies.
For Investor Relations Inquiries:
Cory Hatton, Head of Entertainment Finance, Investor Relations & Treasurer
Dave & Buster’s Entertainment, Inc. [email protected]
DAVE & BUSTER'S ENTERTAINMENT, INC.
Consolidated Statements of Operations
(unaudited, in millions, except per share amounts)
Three Months Ended May 5, 2026 (1) May 6, 2025 (1)Entertainment revenues$ 345.1 61.7 % $ 366.6 64.6 %Food and beverage revenues 214.1 38.3 % 201.1 35.4 %Total revenues 559.2 100.0 % 567.7 100.0 %Cost of entertainment 27.4 7.9 % 30.6 8.3 %Cost of food and beverage 52.4 24.5 % 51.5 25.6 %Total cost of products 79.8 14.3 % 82.1 14.5 %Operating payroll and benefits 140.1 25.1 % 135.0 23.8 %Other store operating expenses 186.7 33.4 % 188.4 33.2 %General and administrative expenses 27.5 4.9 % 24.4 4.3 %Depreciation and amortization expenses 70.9 12.7 % 63.2 11.1 %Pre-opening costs 5.4 1.0 % 6.1 1.1 %Other charges and gains 1.9 0.3 % 5.3 0.9 %Total operating costs 512.3 91.6 % 504.5 88.9 %Operating income 46.9 8.4 % 63.2 11.1 %Interest expense, net 36.9 6.6 % 36.8 6.5 %Income before income taxes 10.0 1.8 % 26.4 4.7 %Provision for income taxes 4.3 0.8 % 4.7 0.8 %Net income$ 5.7 1.0 % $ 21.7 3.8 % Net income per share: Basic$ 0.16 $ 0.63 Diluted$ 0.16 $ 0.62 Weighted average shares used in per share calculations: Basic shares 34.66 34.72 Diluted shares 34.94 35.19 Other information: Company-owned stores at end of period 244 234 Store operating weeks in the period 3,159 3,018 Total revenue per store operating weeks in the period (in thousands)$ 177 $ 188 Total revenue per square foot per store operating weeks in the period (in dollars)$ 4.32 $ 4.55 (1)All percentages are expressed as a percentage of total revenues for the respective period presented, except cost of entertainment, which is expressed as a percentage of entertainment revenues, and cost of food and beverage, which is expressed as a percentage of food and beverage revenues. DAVE & BUSTER'S ENTERTAINMENT, INC.
Other Operating Data
(unaudited, in millions) Condensed Consolidated Balance Sheets: May 5, 2026
February 3, 2026
ASSETS Cash and cash equivalents$ 19.6 $ 16.6 Other current assets 111.3 107.5 Total current assets 130.9 124.1 Property and equipment, net 1,740.6 1,719.0 Operating lease right of use assets 1,295.1 1,303.2 Intangible and other assets, net 969.2 970.3 Total assets$ 4,135.8 $ 4,116.6 LIABILITIES AND STOCKHOLDERS' EQUITY Total current liabilities$ 451.9 $ 434.6 Deferred income taxes 70.5 68.6 Operating lease liabilities 1,556.3 1,562.6 Other long-term liabilities 462.2 444.6 Long-term debt, net 1,495.3 1,515.0 Stockholders' equity 99.6 91.2 Total liabilities and stockholders' equity$ 4,135.8 $ 4,116.6 Summary Cash Flow Information:
Three Months Ended May 5, 2026 May 6, 2025Net cash provided by (used in): Operating activities:$ 113.8 $ 95.8 Investing activities: (105.3) (154.6)Financing activities: (5.5) 63.8 Increase (decrease) in cash and cash equivalents$ 3.0 $ 5.0 DAVE & BUSTER'S ENTERTAINMENT, INC.
Non-GAAP Measures
(unaudited, in millions)
Adjusted EBITDA:
Adjusted EBITDA represents net income, plus interest expense, net, loss on debt refinancing, provision for income taxes, depreciation and amortization expense, (gain) loss on property and equipment transactions, impairment of long-lived assets, share-based compensation, currency transaction (gains) losses and other costs, as calculated below. Adjusted EBITDA is a non-GAAP financial measure commonly used in our industry and should not be construed as an alternative to net income as an indicator of operating performance or as an alternative to cash flow provided by operating activities as a measure of liquidity (as determined in accordance with GAAP). Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA is presented because we believe that it provides useful information to investors and analysts regarding our operating performance. By reporting Adjusted EBITDA, we provide a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. A reconciliation of net income (loss) to Adjusted EBITDA is provided below for the periods presented:
Three Months Ended May 5, 2026 (1) May 6, 2025 (1)Net income$ 5.7 1.0 % $ 21.7 3.8 %Add back: Interest expense, net 36.9 36.8 Provision for income taxes 4.3 4.7 Depreciation and amortization expense 70.9 63.2 Share-based compensation (2) 2.5 3.0 Transaction and integration costs (3) — 0.2 System implementation costs (4) — 1.5 Other items, net (5) 2.9 5.0 Adjusted EBITDA, a non-GAAP measure$ 123.2 22.0 % $ 136.1 24.0 % (1)All percentages are expressed as a percentage of total revenues for the respective period presented.(2)Non-cash share-based compensation expense, net of forfeitures, recorded in General and administrative expenses on the Consolidated Statements of Comprehensive Income.(3)Transaction and integration costs related to the acquisition and integration of Main Event recorded in Other charges and gains on the Consolidated Statements of Comprehensive Income.(4)System implementation costs represent expenses incurred related to the development and launch of new enterprise resource planning, human capital management and inventory software for our stores and store support teams and staff augmentation for the implementation team at the store support center. These charges are primarily recorded in Other charges and gains on the Consolidated Statements of Comprehensive Income.(5)The amounts for the 2026 periods primarily consisted of severance costs and a loss on property and equipment transactions and other write-offs. The amount for the fiscal 2025 periods primarily consisted of severance costs and a loss on property and equipment transactions other write-offs. The third-party consulting fees for the 2025 period are not part of our ongoing operations and were incurred in association with a change in leadership to execute a discrete, project-based strategic initiative aimed at analyzing and summarizing growth opportunities for the Company. The transformative nature, narrow scope, and limited duration of these incremental consulting fees are not reflective of the ordinary course expenses incurred to operate our business. Loss on property and equipment transactions is included in Other charges and gains on the Consolidated Statements of Comprehensive Income.
Store Operating Income Before Depreciation and Amortization:
Store Operating Income Before Depreciation and Amortization, a non-GAAP measure, represents operating income, plus depreciation and amortization expense, general and administrative expenses, pre-opening costs and other gains and charges. We believe that Store Operating Income Before Depreciation and Amortization is another useful measure in evaluating our operating performance because it removes the impact of general and administrative expenses, which are not incurred at the store level, and the costs of opening new stores, which are non-recurring at the store level, and thereby enables the comparability of the operating performance of our stores for the periods presented. We also believe that Store Operating Income Before Depreciation and Amortization is a useful measure in evaluating our operating performance within the entertainment and dining industry because it permits the evaluation of store-level productivity, efficiency, and performance, and we use Store Operating Income Before Depreciation and Amortization as a means of evaluating store financial performance compared with our competitors. However, because this measure excludes significant items such as general and administrative expenses, pre-opening costs and other gains and charges, as well as our interest expense, net, loss on debt extinguishment/refinance and depreciation and amortization expense, which are important in evaluating our consolidated financial performance from period to period, the value of this measure is limited as a measure of our consolidated financial performance.
Three Months Ended May 5, 2026 (1) May 6, 2025 (1)Operating income$ 46.9 8.4 % $ 63.2 11.1 %Add back: General and administrative expenses 27.5 24.4 Depreciation and amortization expense 70.9 63.2 Pre-opening costs 5.4 6.1 Other Gains and Charges 1.9 5.3 Store operating income before depreciation and amortization, a non-GAAP measure$ 152.6 27.3 % $ 162.2 28.6 % (1)All percentages are expressed as a percentage of total revenues for the respective period presented.
Credit Adjusted EBITDA and Net Total Leverage Ratio:
Credit Adjusted EBITDA, a non-GAAP measure, represents net loss plus certain items as defined at Adjusted EBITDA above, as well as certain other adjustments as defined in our Credit Agreement. These other adjustments include (i) entertainment revenue deferrals, (ii) the cost of new projects, including store pre-opening costs, (iii) business optimization expenses and other restructuring costs, and (iv) other costs and adjustments as permitted by the Credit Agreement. We believe the presentation of Credit Adjusted EBITDA is appropriate as it provides additional information to investors about the calculation of, and compliance with, certain financial covenants in the Credit Agreement. The following table sets forth a reconciliation of Net income to Credit Adjusted EBITDA for the period shown:
Trailing Four Quarters Ended
May 5, 2026Net loss$ (64.7)Add back: Interest expense, net 154.1 Loss on debt refinancing — Provision for income taxes (19.6)Depreciation and amortization expense 287.1 Share-based compensation (1) 19.1 Transaction and integration costs (2) 0.5 System implementation costs (3) 1.8 Loss on property and equipment transactions and impairments (4) 35.0 Other items, net (5) 10.4 Pre-opening costs (6) 18.4 Credit Facility specific items, net (7) 19.8 Credit Adjusted EBITDA, a non-GAAP measure$ 461.9 (1)See discussion of share-based compensation at Adjusted EBITDA above.(2)See discussion of transaction and integration costs at Adjusted EBITDA above.(3)See discussion of system implementation costs at Adjusted EBITDA above.(4)Consists of store asset impairments and loss on property and equipment disposals.(5)Primarily consists of discretionary retention incentives, severance costs, (gain) loss on property and equipment transactions and certain third-party consulting fees. The third-party consulting fees are not part of our ongoing operations and were incurred in association with a change in leadership to execute discrete, project-based strategic initiatives aimed at analyzing and summarizing growth opportunities and cost reductions for the Company. The transformative nature, narrow scope, and limited duration of these incremental consulting fees are not reflective of the ordinary course expenses incurred to operate our business. Third-party consulting fees, discretionary retention incentives and severance costs are included in General and administrative expenses on the Consolidated Statements of Comprehensive Income.(6)Represents costs incurred, primarily consisting of occupancy and payroll related expenses, associated with the opening of new stores. These costs are considered a “cost of new projects” as defined in our Credit Facility.(7)Represents other adjustments allowed under our Credit Agreement in the determination of Net Total Leverage Ratio including (i) amortization of software costs, (ii) executive search fees, (iii) public company costs, (iv) estimated impact of remodels to financial performance, (v) the proforma impact of certain leases that were reclassified as finance leases during fiscal 2025 and (vi) the pro forma impact of certain implemented cost saving initiatives.
The following table provides a calculation of Net Total Leverage Ratio, as defined in the Credit Agreement, for the period shown:
As of, and for the Trailing Four Quarters Ended
May 5, 2026
Credit Adjusted EBITDA (a)$ 461.9 Total debt (1) 1,535.3 Less: Cash and cash equivalents (19.6) Add: Outstanding letters of credit 20.5 Net debt (b)$ 1,536.2 Net Total Leverage Ratio (b / a) 3.3 x (1)Amount represents the face amount of debt outstanding, net of unamortized debt issuance costs and debt discounts, and balances outstanding under finance leases.
Adjusted Net Income and Adjusted Net Income Per Share - Diluted:
Adjusted net income, a non-GAAP measure, represents net income before special items, as calculated below, and Adjusted net income per share - diluted, a non-GAAP measure, represents Adjusted net income on a fully diluted, per share basis. We believe excluding these special items from net income provides investors with a clearer perspective of our ongoing operating performance and a more relevant comparison to prior period results. The following table presents a reconciliation of net income to Adjusted net income and presents Adjusted net income per diluted share, for the periods shown:
Three Months Ended May 5, 2026 May 6, 2025 $ Per Diluted Share $ Per Diluted ShareNet income and net income per diluted share$5.7 $0.16 $21.7 $0.62 Add back: Transaction and integration costs (1) — — 0.2 0.01 System implementation costs (2) — — 1.5 0.04 Other items, net (3) 2.9 0.08 5.0 0.14 Tax impact of items above, net (4) (0.8) (0.02) (1.7) (0.05)Adjusted net income (loss) and Adjusted net income (loss) per share - diluted, non-GAAP measures$ 7.8 $ 0.22 $ 26.7 $ 0.76 (1)See discussion of transaction and integration costs at Adjusted EBITDA above.(2)See discussion of system implementation costs at Adjusted EBITDA above.(3)See discussion of other items, net at Adjusted EBITDA above.(4)The income tax effect related to special items is based on the statutory tax rate for the applicable period.
U.S. stock futures advanced on Monday, as the Nasdaq 100, S&P 500, and the Dow Jones indices rose, following Friday’s higher close.
In this truncated trading week with markets closed on Friday, investors will eye the Federal Reserve’s decision on interest rates with the new chairman, Kevin Warsh, on Wednesday.
Meanwhile, the 10-year Treasury bond yielded 4.44%, and the two-year bond was at 4.03%. The CME Group's FedWatch tool‘s projections show markets pricing a 97.4% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
IndexPerformance (+/-)Dow Jones0.89%S&P 5001.25%Nasdaq 1002.11%Russell 20001.64%Stocks In FocusSpace Exploration Technologies CorpTaiwan Semiconductor Manufacturing Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) rose 3.77% as it reported a 1.5% increase in the month-on-month consolidated net revenue for May 2026, and 30.1% year-over-year gain as compared to May 2025. Benzinga’s Edge Stock Rankings indicate that TSM maintains a strong price trend in the long, medium, and short terms, with a solid quality score. Tower Semiconductor Tower Semiconductor Ltd. (NASDAQ:TSEM) rose by 5.01% as it signed a multi-year InP supply deal with IQE. Benzinga’s Edge Stock Rankings indicate that TSEM maintains a strong price trend in the short, medium, and long term, with a bad value score. Red Cat Holdings Red Cat Holdings Inc. (NASDAQ:RCAT) advanced by 4.79% after unveiling Hellcat, a small unmanned aircraft system built on its Black Widow platform. Benzinga’s Edge Stock Rankings indicate that RCAT maintains a weak price trend in the long and medium terms, but a strong trend in the short term, with a solid value score. Micron Technology Micron Technology Inc. (NASDAQ:MU) surged 8.19% as Wolfe Research hiked its price target to $1,250 from $550 and maintained an "Outperform" rating. Benzinga’s Edge Stock Rankings indicate that MU maintains a strong price trend in the short, medium, and long terms, with a good growth score. Dave and Buster's Entertainment Dave and Buster's Entertainment Inc. (NASDAQ:PLAY) was up 0.30% as analysts expect it to report earnings of 61 cents per share on revenue of $580.46 million, after the closing bell. Benzinga’s Edge Stock Rankings indicate that PLAY maintains a weak price trend in the long and medium terms but a weak trend in the short term, with a poor value score. Cues From Last SessionMost sectors on the S&P 500 closed on a positive note, with financial, materials, and utilities stocks recording the biggest gains on Friday. However, health care stocks bucked the overall market trend, closing the session lower.
Insights From AnalystsMohamed El-Erian paints a picture of a complex macroeconomic landscape where the U.S. economy and stock market are driven by divergent forces.
On one hand, economic data reveal sticky inflationary pressures. El-Erian highlights that “headline PPI inflation for May came in hotter than expected at 6.5%,” forcing markets to adjust to a harsher reality.
Consequently, investors have largely “abandoned prior hopes for 2026 Fed rate cuts and are now pricing in the possibility of a rate hike by year-end.”
Despite these underlying economic anxieties and a “notably divided” Federal Reserve facing a critical leadership transition, the stock market has found immense fuel in monumental corporate milestones. El-Erian points to the massive SpaceX IPO as a primary catalyst that “boosted stocks more generally.”
Ultimately, El-Erian expects the market to remain highly sensitive to upcoming monetary policy. He cautions that all eyes will be on the Fed’s next moves to see how they frame the path forward amid an “acceleration in inflation.”
For investors, the outlook requires navigating a delicate balance between powerful, tech-driven equity euphoria and the tightening grip of a central bank facing deep needs for “reform and modernization.”
Upcoming Economic DataHere's what investors will be keeping an eye on this week.
Commodities, Crypto, And Global Equity MarketsCrude oil futures were trading lower in the early New York session by 5.2`% to hover around $80.46 per barrel.
Gold Spot US Dollar rose 2.83% to hover around $4,338.63 per ounce. Its last record high stood at $5,595.46 per ounce. The U.S. Dollar Index spot was 0.19% lower at the 99.5560 level.
Meanwhile, Bitcoin (CRYPTO: BTC) was trading 1.88% higher at $65,646.71 per coin, as per the last 24 hours.
Asian markets closed higher on Monday, as Australia's ASX 200, India’s Nifty 50, Hong Kong's Hang Seng, Japan's Nikkei 225, South Korea's Kospi, and China’s CSI 300 indices advanced. European markets were also higher in early trade.
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Dave & Buster's (PLAY) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of $0.39. This compares to earnings of $0.69 per share a year ago.
The headline numbers for Dave & Buster's (PLAY) give insight into how the company performed in the quarter ended January 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PLAY posts a Q4 loss as revenues slip Y/Y, missing estimates amid weak gaming demand, soft traffic and higher costs despite gains in food and beverage.
Dave & Buster's (PLAY) remains a 'Hold' with a reduced price target of $8.7/share, reflecting persistent margin, profitability, and leverage concerns. Despite recent stock surges, PLAY faces declining same-store sales, negative FCF, and a net debt exceeding $3.5B, with interest coverage now below 1.7x. Management's operational improvements and guidance for $100M FCF are insufficient to offset rising interest expense and debt-fueled expansion risks.
Shares of Dave & Buster's Entertainment (PLAY 1.90%) spiked on Wednesday after the restaurant and arcade chain issued an upbeat cash flow forecast for the year ahead.
Image source: Getty Images.
Heavy snowfall weighed on Dave & Buster's Q4 results Dave & Buster's revenue declined less than 1% year over year to $529.6 million in its fiscal 2025 fourth quarter, which ended on Feb. 3.
The entertainment company opened two stores in the quarter and a total of 11 in fiscal 2025. It also remodeled 16 locations during the year.
Still, Dave & Buster's comparable store sales, which measure revenue at locations open for at least 18 months, declined by 3.3%. Sales were dented by powerful winter storms.
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All told, Dave & Buster's produced an adjusted net loss of $12 million, or $0.35 per share. That was down from adjusted net income of $25.3 million, or $0.66 per share, in the prior year period.
Positive sales trends bode well for 2026 Fortunately, management painted a brighter picture of the future.
"We have now had six consecutive fiscal months of improving same-store sales for the Dave & Buster's brand when adjusting for the three-day storm impact, and ended February roughly flat in same-store sales," CEO Tarun Lal said during a conference call with analysts.
Lal is revamping the company's menu, which helped to boost its comparable food and beverage sales by 7% in the fourth quarter. He also plans to bring at least 10 new games and attractions -- based on popular characters like John Wick and The Mandalorian -- to Dave & Buster's stores to further drive traffic.
In turn, Lal is "highly confident" that Dave & Buster's will produce over $100 million in free cash flow in fiscal 2026, driven by growth in same-store sales and overall revenue.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Dave and Buster's Entertainment (NASDAQ: PLAY - Get Free Report) and Dutch Bros (NYSE: BROS - Get Free Report) are both retail/wholesale companies, but which is the superior stock? We will compare the two companies based on the strength of their valuation, earnings, risk, dividends, institutional ownership, analyst recommendations and profitability. Analyst Ratings This is a breakdown
Dave & Busters NASDAQ: PLAY missed top- and bottom-line estimates for fiscal Q4 2026 revenue and earnings, yet the stock price surged ahead of the report, extending gains in its wake. The setup suggests short-covering is in play, and that is a signal for investors.
Key Takeaways PLAY reported a Q4 loss of 35 cents per share, missing estimates and down from 66 cents EPS a year agoProfit collapse just went from bad to worse as this year flips to a 167% annual EPS lossEntertainment sales dropped 6.6% on weaker gaming demand, higher costs and weather pressured menu margins Dave & Buster's ((PLAY - Free Report) ) has been consistently in the cellar of the Zacks Rank for years now. I recall writing about it in 2024 when the stock was in the $60s and $50s.
My colleague Shaun Pruitt took up the task in October when shares were around $18.
Here's what he wrote on October 6...
Despite rumors, Dave & Buster's is not closing down and is actually expanding with new locations under construction and strategic growth plans in place.
However, this transition has taken a toll on investor sentiment as Dave & Buster’s has had a slow recovery from pandemic-related struggles and a more inflation-conscious consumer. Trying to navigate a challenging operating environment, Dave & Buster’s stock has drifted toward new multi-year lows at under $20 a share.
Profitability Collapse & Cautious Outlook
Coming off a disappointing Q2 report, the decline in Dave & Buster’s profitability is more concerning due to a cautious outlook from its new CEO, Tarun Lal, who took over in May of 2024. Acknowledging strategic missteps and operational inefficiencies, Lal’s remarks have suggested a long road to recovery, which has further weighed on investor confidence.
This comes as Dave & Buster’s reported Q2 EPS of $0.40 last month, which plummeted from $1.12 per share in the comparative quarter and missed expectations of $0.88 by a grizzly 54%. Furthermore, Dave & Buster’s has missed EPS expectations in three of its last four quarterly reports with an average earnings surprise of -18.68%.
Highlighting Dave & Buster’s profitability collapse, Q2 net income was down 67% to $11.4 million versus $40.3 million a year ago. Dave & Buster’s EBITDA margins dropped to 23.3% from 27.2% in Q2 2024, attributed to rising operating costs and stagnant revenue.
(end of Shaun Pruitt article excerpts)
Two Quarters Later, the Decline is Worse
On March 31, PLAY delivered their Q4 FY'26 report with these highlights...
>>PLAY reported a Q4 loss of 35 cents per share, missing estimates and down from 66 cents EPS a year ago.
>>Revenues fell 0.9% to $529.6M as entertainment sales dropped 6.6% on weaker gaming demand.
>>Comparable sales declined 3.3%, while higher costs and weather disruptions pressured margins.
You can read more in this report: Dave & Buster's Q4 Earnings & Revenues Miss Estimates, Down Y/Y
Subsequent to these data points and management commentary, analysts slashed their full year FY'27 estimates (began February), driving the Zacks EPS Consensus from a profit of 47-cents to a LOSS of 80-cents -- representing an annual decline of 167%.
Next year's forecasts were also flipped from profit to loss.
Bottom line: PLAY might be a fun place to take the family or watch a ball game with friends, but there's no joy for your money here. The Zacks Rank will let you know when it's play time again.
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On April 20, 2026, Dave and Buster's Entertainment Inc (PLAY) shares fell 3.0% today to a current price of $13.84. The stock has seen a significant range over the
It has been about a month since the last earnings report for Dave & Buster's (PLAY - Free Report) . Shares have lost about 11.4% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Dave & Buster's due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Dave & Buster's Entertainment, Inc. before we dive into how investors and analysts have reacted as of late.
Dave & Buster's Q4 Earnings & Revenues Miss EstimatesDave & Buster's reported dismal fourth-quarter fiscal 2025 results, with earnings and revenues missing the Zacks Consensus Estimate. Both metrics also declined on a year-over-year basis.
Dave & Buster’s fourth-quarter fiscal 2025 results were supported by its “back-to-basics” strategy, with improved marketing, targeted promotions and strong food and beverage performance driving better traffic and engagement. Remodeled stores continued to outperform, while sequential improvement in comparable sales trends, along with contributions from new store openings and international franchise expansion, provided incremental support.
However, results were pressured by a decline in comparable store sales, reflecting softer traffic trends, along with weather-related disruptions from Winter Storm Fern. Entertainment revenues also declined, indicating weaker gaming demand. Higher marketing and store operating expenses further weighed on margins, leading to a decline in adjusted EBITDA and a shift to a net loss year over year.
Dave & Buster’s Q4 Earnings & RevenuesFor the fiscal fourth quarter, the company reported an adjusted loss per share of 35 cents, missing the Zacks Consensus Estimate of an adjusted earnings per share (EPS) of 39 cents. In the year-ago quarter, it had reported an adjusted EPS of 66 cents.
Quarterly revenues totaled $529.6 million, missing the consensus mark of $557 million by 4.8%. The top line decreased 0.9% from $534.6 million reported in the prior-year quarter.
Food and Beverage revenues (40.9% of total revenues in the reported quarter) increased 8.5% year over year to $216.6 million. Our estimate was $200.7 million.
Entertainment revenues (59.1%) fell 6.6% year over year to $313 million. Our estimate was $354.7 million. The company continues to enhance free cash flow conversion, driven by disciplined capital allocation and tighter control over capital expenditures, including the elimination of low-return and inefficient spending.
Comparable store sales (including Main Event-branded locations) declined 3.3% year over year. Excluding the impact of Winter Storm Fern in January, management estimates that fiscal fourth-quarter comparable store sales would have decreased by approximately 1.5%.
Dave & Buster’s Q4 Operating HighlightsIn the fiscal fourth quarter, operating loss amounted to $14 million against operating income of $44.1 million reported in the year-ago quarter. Our estimate for operating income was $35 million.
Adjusted EBITDA in the quarter was $111.4 million compared with $127.2 million in the year-earlier quarter. Our estimate for the metric was $108.5 million. EBITDA margin declined to 21% from 23.8% reported in the prior-year period.
Balance Sheet of PLAYAs of Feb. 3, 2026, cash and cash equivalents were $16.6 million compared with $6.9 million as of Feb. 4, 2025.
At quarter-end, net long-term debt was approximately $1.52 billion compared with $1.48 billion at the end of fiscal 2024. The company maintained available liquidity of $482.9 million, including $466.3 million under its $650.0 million revolving credit facility.
PLAY’s FY25 HighlightsRevenues for 2025 came in at $2.1 billion compared with $2.13 billion reported in 2024.
Adjusted EBITDA in 2025 came in at $436.6 million compared with $506.2 million reported in 2024.
In 2025, adjusted loss came in at 30 cents per share against adjusted EPS of $2.39 reported in the previous year.
Dave & Buster’s Store Development UpdatesDave & Buster’s continues to advance its growth strategy through a combination of new unit expansion, remodel initiatives and international franchising. In the fiscal fourth quarter, the company opened two new domestic Dave & Buster's stores. This brought the total domestic openings for fiscal 2025 to 11 (plus one relocation), consisting of eight Dave & Buster’s and three Main Event locations.
The company is also making steady progress on its remodel program, completing 16 store remodels during the year and bringing the total number of recently refreshed Dave & Buster’s locations to 51 since the initiative began in the second half of fiscal 2023.
On the international front, Dave & Buster’s expanded its footprint by opening three franchise locations in fiscal 2025, bringing the total to four units globally. The fourth location, which opened recently, is in the Dominican Republic. Looking ahead, three additional international locations are expected to open in the near future in Delhi, India; Perth, Australia; and Mexico City, Mexico.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -46.85% due to these changes.
VGM ScoresAt this time, Dave & Buster's has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. However, the stock has a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Dave & Buster's has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry PlayerDave & Buster's belongs to the Zacks Retail - Restaurants industry. Another stock from the same industry, Darden Restaurants (DRI - Free Report) , has gained 1.7% over the past month. More than a month has passed since the company reported results for the quarter ended February 2026.
Darden Restaurants reported revenues of $3.35 billion in the last reported quarter, representing a year-over-year change of +5.9%. EPS of $2.95 for the same period compares with $2.80 a year ago.
For the current quarter, Darden Restaurants is expected to post earnings of $3.64 per share, indicating a change of +22.2% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.1% over the last 30 days.
Darden Restaurants has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
DALLAS, May 01, 2026 (GLOBE NEWSWIRE) -- Dave and Buster's Entertainment, Inc. , (NASDAQ: PLAY), ("Dave and Buster's" or "the Company") today announced the appointment of Charles Protell to the Company's Board of Directors and Audit Committee of the Board, effective April 27, 2026.
Dave & Buster's ( PLAY ) has been consistently in the cellar of the Zacks Rank for years now. I recall writing about it in 2024 when the stock was in the $60s and $50s.
DALLAS, June 01, 2026 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner, operator, and franchisor of entertainment and dining venues, today announced that it will report financial results for its first quarter ended May 5, 2026 after the market closes on Monday, June 15, 2026.
Dave & Buster's (PLAY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Beyond analysts' top-and-bottom-line estimates for Dave & Buster's (PLAY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2026.
Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) will release earnings for its first quarter after the closing bell on Monday, June 15.
Analysts expect the Coppell, Texas-based company to report quarterly earnings of 66 cents per share. That's down from 76 cents per share in the year-ago period. The consensus estimate for Dave & Buster’s quarterly revenue is $578.38 million. It reported $567.7 million last year, according to Benzinga Pro.
On March 31, Dave & Buster’s posted weaker-than-expected fourth-quarter results.
Dave & Buster’s shares gained 5.5% to close at $13.18 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
Considering buying PLAY stock? Here’s what analysts think:
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