secwatch.observer — SEC 8-K summary
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Issuer:     Dave & Buster's Entertainment, Inc. (PLAY)
CIK:        0001525769
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001628280-23-021106
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave & Buster's Q1 revenue record $597.3M, net income $70.1M, repurchased $200M in shares
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- Record revenue of $597.3M, up 32.4% YoY; pro forma combined comparable store sales -4.1% vs 2022 but +10.3% vs 2019.
- Net income $70.1M ($1.45 diluted EPS) vs $67.0M ($1.35) in Q1 2022; Adjusted EBITDA $182.1M, up 29.8%.
- Repurchased 5.7M shares for $200M in FY 2023 (11.8% of outstanding shares); $100M remaining on authorization.
- Opened four new stores (one Dave & Buster's, three Main Event) and signed international franchise agreements for up to 20 stores in India and Australia.
- Ended quarter with $581.7M liquidity ($91.5M cash, $490.2M revolver availability); net total leverage ratio 2.0x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1525769/000162828023021106/0001628280-23-021106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1525769/000162828023021106/play-20230606.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-021106

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