leadership
confidence high
sentiment negative
materiality 0.85
Dave & Buster's CEO resigns, Q3 net loss $32.7M, comparable sales down 7.7%
Dave & Buster's Entertainment, Inc.
- CEO Chris Morris resigned effective Dec 10; Chair Kevin Sheehan appointed interim CEO.
- Q3 revenue $453.0M (-3.0% YoY); comparable store sales down 7.7%.
- Net loss $32.7M ($0.84 diluted loss) vs $5.2M loss a year ago; adjusted net loss $17.5M.
- Adjusted EBITDA $68.3M (-16.3% YoY); operating loss $6.3M vs income $18.6M.
- Refinanced $700M term loan, redeemed $440M notes; opened 3 new stores; repurchased $28M shares.