secwatch.observer — SEC 8-K summary
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Issuer:     Dave & Buster's Entertainment, Inc. (PLAY)
CIK:        0001525769
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001628280-23-031543
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave & Buster's Q2 revenue record $542M (+15.7% YoY); comps down 6.3%; buyback boosted to $200M
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- Net income $25.9M ($0.60 diluted EPS) vs $29.1M ($0.59) in Q2 2022; adjusted EPS $0.94.
- Adjusted EBITDA $140.3M (+21.3% YoY); pro forma combined comparable store sales -6.3% vs 2022, +5.8% vs 2019.
- Board increased share repurchase authorization by $100M to $200M total remaining; bought 2.1M shares ($74.5M) in Q2.
- Credit agreement amended to reduce interest rate margin on term/ revolving loans by 1.25%.
- New store openings: two Dave & Buster's and one Main Event in Q2; ended with $572.8M liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1525769/000162828023031543/0001628280-23-031543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1525769/000162828023031543/play-20230906.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-031543

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer