Duyuru • May 14
Dave & Buster's Entertainment, Inc. Launches 10 All-New Games and Summer Season Pass Dave & Buster's Entertainment, Inc. released its first-ever 'State of Fun Report' and launched 10 all-new games plus the return of its Summer Season Pass, making it easier than ever to get out, play, and reconnect. Dave & Buster's 'State of Fun Report' revealed the following insights about Americans' thoughts on fun: Nearly half of Americans (48%) say their lives are currently lacking fun, despite widespread recognition of the positive role it plays in overall well-being. 89% believe that having fun with others leads to healthier, stronger relationships. 71% say it helps reduce stress. 57% say it increases motivation. 56% say it helps them feel closer to the people they love. The report also highlights what's holding people back: More than half of Americans (57%) say cost and budget prevent them from making fun plans. 41% say they wish there were more exciting things to do for fun as adults. More than half (55%) say they would be more motivated to prioritize fun if low-cost options were available. Together, the findings point to a clear gap: people want more fun in their lives but need experiences that are exciting, easy, and affordable. Dave & Buster's is building on that legacy with the launch of 10 new games designed to make it easier than ever to show up, play, and create meaningful moments together. The new lineup offers something for everyone, spanning high-energy competition, immersive gameplay, and hands-on skill challenges, including Hot Wheels Ultimate Speedway, a fast-paced puck battle where quick reflexes lead to big ticket wins; ICEE Slush Rush, a two-player timed game that rewards the perfect pour; and John Wick: Continental Pursuit, a cinematic, adrenaline-fueled driving experience that puts players in the middle of a high-stakes chase. Guests can test their strength with Odin's Hammer and master precision timing in Perfect Pump. Soccer fans can step onto the field with World Soccer for head-to-head gameplay or try their luck at Kick N Win for a chance to score exclusive prizes, while the Human Crane offers an interactive experience that reimagines the classic claw game by putting players inside the action for a chance to grab prizes mid-air. Guests can also expect to see a few additional surprise games in the new lineup mixed in with 130+ games that underscore Dave & Buster's ongoing commitment to invest in fresh, innovative entertainment experiences and ensuring there's always something new for guests to discover with every visit. Alongside the launch of 10 all-new games Dave & Buster's is bringing back its Summer Season Pass beginning May 19, offering unlimited gameplay all summer long for as little as $1 a day. Available in multiple tiers, the pass delivers hundreds of dollars in value, including unlimited play, food and beverage discounts, and exclusive perks, making it easier and more affordable than ever to get your group together and experience the new lineup of games all summer long. Duyuru • May 07
Dave & Buster's Entertainment, Inc., Annual General Meeting, Jun 18, 2026 Dave & Buster's Entertainment, Inc., Annual General Meeting, Jun 18, 2026. Board Change • May 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Charles Protell was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 03
Dave & Buster's Entertainment, Inc Announces Board and Committee Changes Dave & Buster's Entertainment, Inc. announced the appointment of Charles Protell to the Company’s Board of Directors and Audit Committee of the Board, effective April 27, 2026. On April 30, 2026, Atish Shah notified the Company of his decision to not stand for reelection to the Company’s Board of Directors at the Company’s 2026 annual meeting of shareholders, to be held on June 18, 2026. Mr. Shah is the Chair of the Audit Committee of the Board and is also a member of the Nominating and Corporate Governance Committee. Mr. Shah will continue to serve as a director until the Annual Meeting. Mr. Protell is currently the President and Chief Financial Officer of Golden Entertainment. He joined Golden as Executive Vice President, Chief Strategy Officer and Chief Financial Officer in November 2016 and was promoted to President in August 2019. Mr. Protell currently serves on Golden’s compliance committee and previously also served as Golden’s Treasurer. Prior to joining Golden, Mr. Protell served as managing director at Macquarie Capital’s investment banking group since May 2011, and as co-founder and a managing director at REGAL Capital Advisors from January 2009 until its acquisition by Macquarie Capital in May 2011. Prior to co-founding REGAL Capital Advisors, Mr. Protell held various investment banking roles at Credit Suisse, Deutsche Bank and CIBC World Markets. Mr. Protell received a Bachelor of Science degree in Commerce from the University of Virginia. Recent Insider Transactions Derivative • Apr 20
Chief Information Officer notifies of intention to sell stock Steven Klohn intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of April. If the sale is conducted around the recent share price of US$14.69, it would amount to US$103k. Since June 2025, Steven's direct individual holding has decreased from 22.13k shares to 20.62k. Company insiders have collectively bought US$142k more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • Apr 07
Price target decreased by 29% to US$18.88 Down from US$26.50, the current price target is an average from 8 analysts. New target price is 55% above last closing price of US$12.16. Stock is down 24% over the past year. The company is forecast to post a net loss per share of US$0.44 next year compared to a net loss per share of US$1.40 last year. Major Estimate Revision • Apr 07
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from US$2.23b to US$2.17b. Now expected to report a loss of US$0.44 per share instead of US$0.90 per share profit previously forecast. Hospitality industry in the US expected to see average net income growth of 25% next year. Consensus price target down from US$26.50 to US$18.88. Share price rose 12% to US$12.16 over the past week. New Risk • Apr 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Apr 01
Full year 2026 earnings released: US$1.41 loss per share (vs US$1.49 profit in FY 2025) Full year 2026 results: US$1.41 loss per share (down from US$1.49 profit in FY 2025). Revenue: US$2.10b (down 1.4% from FY 2025). Net loss: US$48.7m (down 184% from profit in FY 2025). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Duyuru • Mar 18
Dave & Buster's Entertainment, Inc. to Report Q4, 2026 Results on Mar 31, 2026 Dave & Buster's Entertainment, Inc. announced that they will report Q4, 2026 results After-Market on Mar 31, 2026 Recent Insider Transactions Derivative • Dec 19
Independent Director notifies of intention to sell stock Hamish Dodds intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of December. If the sale is conducted around the recent share price of US$18.21, it would amount to US$399k. Since June 2025, Hamish has owned 44.22k shares directly. Company insiders have collectively sold US$119k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Dec 11
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: US$1.22 loss per share (further deteriorated from US$0.84 loss in 3Q 2025). Revenue: US$448.2m (down 1.1% from 3Q 2025). Net loss: US$42.1m (loss widened 29% from 3Q 2025). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Duyuru • Dec 09
Dave & Buster's Launches Limited-Edition "Claw Purse," A Limited-Edition "Claws" A Limited-Edition "Purse" DAVE & BUSTER'S is leveling up holiday gifting with the debut of the Claw Purse, a limited-edition purse designed by Chain. The Claw Purse is inspired by one of the brand's most iconic games -- the claw machine -- and is the season's most unexpected fashion statement made for anyone who loves bold style, nostalgia, and a little bit of play. To mark a major milestone for the brand, the Claw Purse launches alongside the expansion of Dave & Buster's Human Crane, the viral, full-body game experience that turns guests into the claw, where they are lowered down into a bin of huge prizes to grab whatever they choose. Beginning this month, the Human Crane will appear in over 112 Dave & Buster's locations with additional stores rolling out nationwide throughout the season. The accessory serves as a playful nod to the fan-favorite attraction and reinforces Dave & Buster's commitment to unforgettable, next-level entertainment. The purse made its first appearance this past weekend at Chain's Holiday House, where it quickly became a crowd favorite among creators, stylists, and culture icons. The moment marks the first creative collaboration between Dave & Buster's and Chain, bringing together Dave & Buster's beloved gameplay with Chain's signature culture-forward point of view. Crafted in a signature bright orange colorway with clear paneling and a sculptural claw charm inside, the Claw Purse will be available for $80 while supplies last beginning on shop.daveandbusters.com andeatatchain.com. Just in time for the holidays, the collectible piece is poised to become the go-to gift for fashion lovers, trend-spotters, and anyone who appreciates a conversation-starting accessory with a wink. Duyuru • Nov 29
Dave & Buster's Entertainment, Inc. to Report Q3, 2026 Results on Dec 09, 2025 Dave & Buster's Entertainment, Inc. announced that they will report Q3, 2026 results After-Market on Dec 09, 2025 Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to US$17.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Hospitality industry in the US. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$13.57 per share. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$15.03, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Hospitality industry in the US. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$13.65 per share. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$19.61, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Hospitality industry in the US. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$13.65 per share. Reported Earnings • Sep 16
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: US$0.33 (down from US$1.02 in 2Q 2025). Revenue: US$557.4m (flat on 2Q 2025). Net income: US$11.4m (down 72% from 2Q 2025). Profit margin: 2.0% (down from 7.2% in 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 65%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Duyuru • Sep 10
Dave & Buster's Launches Fall Season Pass with Unlimited Game Play and Exclusive Permits All Season Long DAVE & BUSTER''s is keeping the fun going this season with the launch of its Fall Season Pass, available now through November 30. Starting at less than $25 per month, guests can unlock unlimited daily game play plus exclusive food and beverage discounts, with three pass levels to choose from: Silver ($69.99), Gold ($99.99), and Platinum ($149.99). Fall is one of the best times to visit Dave & Buster's - from gathering with friends to watch football on the 40-foot screens, to celebrating fall birthdays and cozy indoor game nights as the weather cools down. The Fall Season Pass gives guests the flexibility to pair those seasonal moments with unlimited play and everyday value. The Fall Season Pass is designed to give every guest more ways to play, eat, and save at Dave & B locations nationwide: Silver Pass - $69.99 ($500 value): Enjoy unlimited video game play on weekdays, plus 10% off food & non-alcoholic drinks every day. (Excludes weekends and Fridays after 5PM; blackout dates apply.) Gold Pass - $99.99 ($700 value): unlock unlimited video game play every day, 20% off food & non- alcoholic drinks, and earn up to 1,000 tickets weekly. (Blackout dates apply.) Platinum Pass - $149.99 ($800 value): Get unlimited game play every day, 30% off food & non- Alcoholic drinks, and earn up To 2,000 tickets weekly. No blackout dates. Duyuru • Sep 03
Dave & Buster's Entertainment, Inc. to Report Q2, 2026 Results on Sep 15, 2025 Dave & Buster's Entertainment, Inc. announced that they will report Q2, 2026 results After-Market on Sep 15, 2025 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$25.16, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Hospitality industry in the US. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$35.54 per share. Recent Insider Transactions • Jul 25
CEO & Director recently bought US$252k worth of stock On the 22nd of July, Tarun Lal bought around 8k shares on-market at roughly US$31.26 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Tarun's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Jul 15
Now 22% undervalued Over the last 90 days, the stock has risen 66% to US$30.42. The fair value is estimated to be US$38.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 120% in the next 2 years. Duyuru • Jun 21
Dave & Buster's Entertainment, Inc. Approves the Election of Directors Dave & Buster's Entertainment, Inc. held its AGM on June 18, 2025, approved the election of Nathaniel J. Lipman and Allen R. Weiss as Directors. Recent Insider Transactions • Jun 20
Chief Development Officer recently sold US$194k worth of stock On the 17th of June, John Mulleady sold around 6k shares on-market at roughly US$32.79 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$2.4m more than they sold in the last 12 months. Major Estimate Revision • Jun 17
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$1.91 to US$1.62 per share. Revenue forecast steady at US$2.17b. Net income forecast to grow 56% next year vs 19% growth forecast for Hospitality industry in the US. Consensus price target up from US$25.29 to US$33.00. Share price rose 26% to US$32.69 over the past week. Duyuru • Jun 14
Dave & Buster’s Entertainment, Inc. Announces Executive Changes Dave & Buster's Entertainment, Inc. announced that it has promoted Les Lehner to the position of Chief Development Officer. Mr. Lehner most recently served as Chief Procurement Officer and Head of Main Event Development. In connection with this promotion, the Company announced that John Mulleady, current Chief Development Officer, will retire effective as of the close of business on October 23, 2025. Effective as of June 30, 2025, Mr. Mulleady will transition to an advisory role at the Company to ensure a smooth transition until the effective date of his retirement. The Company and Mr. Mulleady have further agreed that he will provide consulting services to the Company from the effective date of his retirement until January 31, 2026. About Les Lehner: Mr. Lehner served as Chief Procurement Officer and Head of Main Event Development since August 2022. Previously he was Executive Vice President, Chief Development and Procurement Officer at Main Event Entertainment from 2018 through July 2022, and Senior Vice President, Chief Development and Procurement Officer at Red Robin Gourmet Burgers, Inc. from 2015 through 2018. Prior to that he was with CEC Entertainment from 2000 through 2015 in various roles including Senior Vice President, Development and Procurement. Price Target Changed • Jun 11
Price target increased by 34% to US$33.00 Up from US$24.71, the current price target is an average from 7 analysts. New target price is 8.3% above last closing price of US$30.46. Stock is down 40% over the past year. The company is forecast to post earnings per share of US$1.62 for next year compared to US$1.49 last year. Reported Earnings • Jun 11
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: US$0.63 (down from US$1.03 in 1Q 2025). Revenue: US$567.7m (down 3.5% from 1Q 2025). Net income: US$21.7m (down 48% from 1Q 2025). Profit margin: 3.8% (down from 7.0% in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Duyuru • Jun 11
Dave & Buster's Debuts Tech-Powered Leaderboard That Lets Players Compete Nationwide for Top Scores, Bragging Rights and Huge Prizes Dave & Buster's is turning up the competition with the launch of its first-ever nationwide Leaderboard, a new tech-powered experience that lets guests go head-to-head with players across the country for epic prizes and even bigger bragging rights. Whether you're trying to top personal best or beat the best in the nation, Dave & Buster's Leaderboard transforms every visit into a high-stakes competition. Guests can now see how they rank not just in their local store, but across the nation. Built in collaboration with leading arcade innovator, Play Mechanix, inc., the new system uses proprietary custom-developed technology to track scores across select games and sync them to both in-store and national leaderboards. How it works: Each connected game is equipped with technology to track player scores and achievements; Leaderboards are displayed in-store on large format screens (with 18 locations featuring exclusive "Halo" casino display for an enhanced experience); Players can view rankings by store location and nationally. This summer's competition launches with a set of 5 racing games - Hot Wheels Victory Lap, NASCAR Pit Stop, Top Gun: Maverick, Cruisin' Blast, and Super Bikes 3 - and game rotations will evolve over time, expanding to include more fan favorites. While the Leaderboard will run year-round, Dave & Buster's is kicking things off this summer with the Summer Leaderboard Challenge - a limited-time competition featuring high-octane racing games and next-level prizes. At the end of the summer, the top national players across each game will be crowned - and the prizes get even more epic. Level up summer with unlimited play, daily savings, and nonstop thrills - only at Dave & Buster's. The Leaderboard is launching across nearly all Dave & Buster's locations, marking the latest in a series of innovations from the brand, which has already introduced 10 new games in 2025 alone. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$25.57, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Hospitality industry in the US. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$11.50 per share. Duyuru • May 28
Dave & Buster's Entertainment, Inc. to Report Q1, 2026 Results on Jun 10, 2025 Dave & Buster's Entertainment, Inc. announced that they will report Q1, 2026 results After-Market on Jun 10, 2025 Duyuru • May 20
Dave & Buster's Launches First-Ever Summer Season Pass with Unlimited Game Play and Exclusive Perks All Season Long Dave & Buster's is leveling up the fun with the launch of its first-ever Summer Season Pass, giving guests a new way to play all day, every day. Available starting May 19 through September 1, the Summer Season Pass unlocks unlimited video game play, daily food and beverage discounts, access to new exclusive games and exciting prizes up for grabs. The Summer Season Pass is your all-access ticket to unlimited game play on Dave & Buster's hottest new games, including 10 epic additions like Top Gun Maverick, UFC Challenge, Godzilla VR, NBA Superstars, Cyberpunk, and more. As summer break kicks off and temperatures rise, it's the ultimate, budget-friendly way to keep the whole family cool, entertained, and coming back for nonstop fun all season long. Three pass tiers are available to meet every guest's needs: Silver: Unlimited weekday game play + 10% off food and non-alcoholic drinks - all for $69.99 ($500+ Value); Gold: Unlimited daily game play + 20% off food and non- alcoholic drinks + earn up to 1,000 tickets each week - all for $99.99 ($700+ Value); Platinum: Unlimited daily game play (no blackout dates) + 30% off food and non- Alcoholic drinks + earn up to 2,000 tickets each week - All for $149.99 ($800+ Value); The pass also unlocks daily discounts on Dave & Buster's chef-crafted menu which includes delicious, craveable drinks perfect for refueling between games. Guests can also enjoy a variety of craft cocktails and ice-cold drinks, making it the ultimate destination for all-in-one summer fun for the whole family. The Summer Season Pass is available at participating Dave & Buster's locations across the U.S. and can be purchased online, through the D&B Rewards App, in-store at kiosks, or with a Team Member. Passes are valid until September 1, 2025. Duyuru • May 05
Dave & Buster's Entertainment, Inc., Annual General Meeting, Jun 20, 2025 Dave & Buster's Entertainment, Inc., Annual General Meeting, Jun 20, 2025. Duyuru • May 02
Dave & Buster's Entertainment, Inc. Announces Directorate Resignations Dave & Buster's Entertainment, Inc. announced that it will nominate Allen R. Weiss and Nathaniel J. Lipman for election to its Board of Directors. Existing Board members, Michael Griffith, Gail Mandel, and Jennifer Storms have notified the Company that they will not stand for reelection at the Company’s 2025 annual meeting of shareholders, to be held on June 20, 2025. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Director Scott Ross was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$19.98, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Hospitality industry in the US. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$11.59 per share. Major Estimate Revision • Apr 14
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$2.23b to US$2.15b. EPS estimate also fell from US$2.76 per share to US$2.06 per share. Net income forecast to grow 29% next year vs 24% growth forecast for Hospitality industry in the US. Consensus price target down from US$37.57 to US$24.71. Share price rose 5.6% to US$17.10 over the past week. New Risk • Apr 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 18% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Duyuru • Apr 08
Dave & Buster's Entertainment, Inc. Reports Impairment Charges for the Fourth Quarter Ended February 4, 2025 Dave & Buster's Entertainment, Inc. reported impairment charges for the fourth quarter ended February 4, 2025. The amount related to the quarter ended February 4, 2025 primarily consisted of $3.9 million of impairment of long-lived asset and a $15.8 million loss on property and equipment transactions. Reported Earnings • Apr 08
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$1.49 (down from US$2.94 in FY 2024). Revenue: US$2.13b (down 3.3% from FY 2024). Net income: US$58.3m (down 54% from FY 2024). Profit margin: 2.7% (down from 5.8% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$17.57, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 20x in the Hospitality industry in the US. Total loss to shareholders of 62% over the past three years. New Risk • Mar 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$176k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.9% net profit margin). Significant insider selling over the past 3 months (US$176k sold). Duyuru • Mar 19
Dave & Buster's Entertainment, Inc. to Report Q4, 2025 Results on Apr 07, 2025 Dave & Buster's Entertainment, Inc. announced that they will report Q4, 2025 results After-Market on Apr 07, 2025 Duyuru • Mar 05
Dave & Buster's Entertainment, Inc. Announces Appointment of Cory Hatton to Head of Entertainment Finance, Investor Relations & Treasurer Dave & Buster's Entertainment, Inc. announced that it has promoted Cory Hatton to the position of Head of Entertainment Finance, Investor Relations & Treasurer. Cory most recently served as Vice President, Investor Relations & Treasurer of the Company. Mr. Hatton joined Dave & Buster’s in October of 2022 as Vice President, Investor Relations & Treasurer. His career background includes finance and operational roles of increasing responsibility at Standard Chartered Bank, Mellon Capital Management, Pinnacle Entertainment, Scientific Games, and Maverick Gaming. Mr. Hatton holds a B.A. in Economics from the University of Wisconsin, Madison and is a CFA charterholder. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$19.14, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 20x in the Hospitality industry in the US. Total loss to shareholders of 45% over the past three years. Duyuru • Feb 03
Dave & Buster's Entertainment, Inc. Announces Appointment of Scott Ross to Board of Directors Dave & Buster's Entertainment, Inc. announced the appointment of Scott Ross, Managing Partner of Hill Path Capital, to the Company’s Board of Directors, effective January 30, 2025. Mr. Ross is the Founder and Managing Partner of Hill Path Capital. Mr. Ross was previously a Partner at Apollo Management where he focused on private equity and debt investments in the lodging, leisure, entertainment, consumer and business services sectors. Prior to Apollo, Mr. Ross worked at Goldman, Sachs & Co. and was a member of the Principal Investment Area in the Merchant Banking Division and of the Principal Finance Group in the Fixed Income, Currencies, and Commodities Division. Mr. Ross currently serves as the Chairman of the Board of Directors of United Parks & Resorts, Inc. (the parent company of SeaWorld, Busch Gardens, Discovery Cove, and Sesame Place) and as a Director on the Board of Directors of The ONE Group Hospitality, Inc. (the parent company of STK, Benihana, and other restaurant brands). Mr. Ross has previously served on the Board of Directors of Diamond Eagle Acquisition Corp., Great Wolf Resorts, Inc., EVERTEC, Inc. and CEC Entertainment, Inc. (the parent company of Chuck E. Cheese’s and Peter Piper Pizza). Mr. Ross graduated magna cum laude from Georgetown University with a B.A. degree in Economics and was elected to Phi Beta Kappa. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$24.83, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Hospitality industry in the US. Total loss to shareholders of 28% over the past three years. Duyuru • Dec 19
Dave & Buster's Entertainment, Inc. Appoints Steve Klohn as Chief Information Officer Dave & Buster's Entertainment, Inc. announced that it welcomed back Steve Klohn as Chief Information Officer, who will rejoin the Company after recent changes. Steve left the Company earlier this year after spending a combined 8 years with Main Event and Dave & Buster’s. Mr. Klohn was previously Chief Technology Officer for Legends, from September through December of 2024. He left Dave & Buster’s in September of 2024 after 8 years with the combined brand. Steve was integral in the acquisition by Dave & Buster's of Main Event in June 2022. He led both technology teams to ensure systems for both brands continued to run seamlessly, while simultaneously finding efficiencies through integrations. While at Main Event, the technology team under Steve’s leadership supported the Center expansion from 16 to 60 locations. Steve has held Technology leadership positions at Brinker, JCPenney and Real Page. Board Change • Dec 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Gail Mandel was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Dec 17
Dave & Buster's Introduces New Winter Season Pass Just in Time for the Holidays Dave & Buster's announced a new Winter Season Pass unlocking unlimited gameplay, exclusive food and beverage discounts and more to help one Eat, Drink & Play all season long. Beginning December 16, 2024, new and existing Dave & Buster's Rewards members can purchase the Winter Season Pass for as low as $69.99! Available for a limited time only at Dave & Buster's nationwide, the new pass is valid through February 28, 2025 and comes in three tiers, each offering exclusive perks with every visit - a great last minute holiday gift! With hundreds of dollars of savings available, purchase soon to maximize savings all winter long. Silver Pass ($69.99, a $500+ value): Enjoy unlimited gameplay and 10% discount on food and non-alcoholic beverages and non-alcoholic beverages. Valid every weekday with the exception of select holidays; Gold Pass ($99.99, a $700+ value): Even more savings and prizes! Gold Pass members enjoy unlimited gameplay every day (up to 1,000 tickets earned per week), daily 20% discount on food and Non-alcoholic beverages and a weekly $5 food and non-alcoholic beverage voucher; Valid everyday, including weekends, with the exception of select holidays. Platinum Pass ($149.99, a $900+ value): Best value for nonstop Eat, Drink & Play all winter, including holidays! The Platinum Pass holders will enjoy unlimited gameplay every day (up to 2,000 tickets earned perweek), daily 30% discount on food and non - non-alcoholic beverages and a monthly $5 food and non- alcoholic beverage voucher. Valid everyday, including weekends and all holidays - no exclusions! With more than 100+ games to play, a newly revamped menu, plus the chance to earn tickets to unlock fun prizes, these new seasonal savings are the perfect way to keep the whole family entertained throughout the holiday season. Winter Season Passes may be purchased at Dave & Buster's stores via the Dave & Buster's Rewards app, online, at in-store kiosks, or directly with a team member. Once purchased, guests will receive a QR code via email and their D&B Rewards app to scan in-store to redeem their benefits. Winter Passes are available for purchase until January 27, 2025 and are redeemable through February 28, 2025. Recent Insider Transactions • Dec 13
Independent Chair of the Board recently bought US$961k worth of stock On the 12th of December, Kevin Sheehan bought around 38k shares on-market at roughly US$25.48 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Kevin has been a net seller over the last 12 months, reducing personal holdings by US$4.0m. New Risk • Dec 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.9% net profit margin). New Risk • Dec 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.9% Last year net profit margin: 6.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (3.9% net profit margin). Significant insider selling over the past 3 months (US$545k sold). 
