secwatch.observer — SEC 8-K summary
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Issuer:     Dave & Buster's Entertainment, Inc. (PLAY)
CIK:        0001525769
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001628280-24-014361
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 Q4 rev $599M, comps -7%, adj EBITDA $152M, buyback upped $100M
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- Q4 revenue $599.1M (+6.3% vs Q4 2022); pro forma combined comps -7.0% vs 2022, +8.0% vs 2019.
- Q4 adjusted net income $42.0M ($1.03 adj. diluted EPS) vs $41.8M ($0.85) prior year.
- Fiscal 2023 adjusted EBITDA $555.6M (25.2% of rev) +15.7% YoY; net income $126.9M ($2.88 GAAP diluted).
- Board authorized $100M buyback increase to $500M total; $200M remaining. Repurchased 8.5M shares ($300M) in FY2023.
- Opened 16 new stores in FY2023; international franchise deals for 33 stores across 6 countries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1525769/000162828024014361/0001628280-24-014361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1525769/000162828024014361/play-20240402.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-014361

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