It’s the end of an era for Dave & Buster’s. Since going public in 2014, chief executive officer Stephen M. King and chief financial officer Brian Jenkins have been the face of the company for investors.
A “dramatic change” in Dave & Buster’s amusement business triggered troubling fourth-quarter results. Same-store sales fell 5.9 percent versus a 3.2 percent increase in the year-ago quarter, tumbling the entertainment-driven brand’s stock nearly 7 percent late Tuesday.
Dave & Buster’s expected its sales to improve during December, a typically strong season for the eat-and-play brand. The opposite happened. In response, Dave & Buster’s lowered its fiscal 2017 guidance, and Wall Street hammered the 105-unit chain because of it.
Dave & Buster’s could be coming to a small market near you. The entertainment-driven chain announced this week that it plans to start opening smaller-format stores, with the first debuting in Rogers, Arkansas, early in 2018.
Sales and growth remained in positive territory for Dave & Buster’s in the second quarter. That wasn’t enough to quell Wall Street disappointment, however, as shares of the entertainment-dining brand initially plunged 7 percent late Tuesday and continued to drop through midday Wednesday.
With revenues up 16 percent and a same-store sales increase of 2.2 percent in the first quarter of 2017, entertainment dining brand Dave and Buster's is showing no signs of slowing down.The casual dining company increased its footprint by more than 14 percent over the past year, and it expects to open 12 new locations throughout 2017.
Dave & Buster's Summer of Games promotion is back. This year, guests will experience 10 new games, new menu items, and a new lineup of cocktails.Dave & Buster's Summer of Games officially kicks off May 16 at locations nationwide.
Dave & Buster's Entertainment, Inc., an owner and operator of dining and entertainment venues, announced financial results for its fourth quarter and full year 2015, which ended on January 31. The company also issued guidance for the full year 2016.
Dave & Buster's Entertainment, Inc., an owner and operator of dining and entertainment venues, announced that it has launched its international development initiative with the signing of a master development agreement for the Middle East.
There isn’t a lot of down time at Dave & Buster’s. But Kevin Bachus, the senior vice president of entertainment and games strategy at the 76-unit chain, which projects total revenues of $822 million to $831 million in the 2015 fiscal year, thinks there can be even less.
Dave & Buster’s is introducing the first Angry Birds Arcade game.The Angry Birds Arcade game was developed by Innovative Concepts in Entertainment and Play Mechanix Inc., based on the original series of mobile games from Rovio.
The National Restaurant Association congratulated Dave and Busters on receiving the 2015 VIBE VISTA Award for Best Responsible Alcohol Service Program.The restaurant received the award at the VIBE (Very Important Beverage Executives) conference in Las Vegas.