other material
confidence high
sentiment neutral
materiality 0.65
Dave & Buster's files pro forma financials for Main Event acquisition; combined net income $81.6M in FY2022
Dave & Buster's Entertainment, Inc.
- Total acquisition consideration ~$872M; goodwill preliminarily allocated $456M, tradenames $111M.
- Pro forma combined net income for FY ended Jan 30, 2022: $81.6M vs D&B standalone $108.6M.
- Main Event audited FY ended June 28, 2022: revenue $425M, net loss $18.2M.
- D&B funded with $850M new debt; pro forma interest expense increased $63.2M for FY2022.
- Main Event operates 51 centers; acquisition closed June 29, 2022.