secwatch.observer — SEC 8-K summary
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Issuer:     Dave & Buster's Entertainment, Inc. (PLAY)
CIK:        0001525769
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001628280-24-040027
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave & Buster's Q2 revenue up 2.8% but comp sales down 6.3%; adjusted EBITDA up 8.1%
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- Revenue $557.1M (+2.8% YoY); comparable store sales -6.3%; net income $40.3M vs $25.9M YoY.
- Adjusted EBITDA $151.6M (27.2% of revenue) vs $140.3M (25.9%) a year ago; adjusted EPS $1.12 vs $0.94.
- Opened two new stores in Q2 and remodeled nine; generated $45M from sale-leaseback.
- Repurchased $47.4M of shares in Q2, $60M YTD; $140M remaining on authorization.
- Net total leverage ratio 2.3x vs max 3.5x; $481M available on $500M revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1525769/000162828024040027/0001628280-24-040027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1525769/000162828024040027/play-20240910.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-040027

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