secwatch.observer — SEC 8-K summary
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Issuer:     Dave & Buster's Entertainment, Inc. (PLAY)
CIK:        0001525769
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001628280-24-050623
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave & Buster's CEO resigns, Q3 net loss $32.7M, comparable sales down 7.7%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1525769/000162828024050623/0001628280-24-050623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1525769/000162828024050623/play-20241210.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-050623

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