Dave & Buster’s 1st-Quarter Results Well Below Estimates, but Shares Jump After Hours

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The casual dining and entertainment operator said its ‘back-to-basics’ strategy is driving a meaningful recovery in sales.

Faced with budget-conscious customers who are spending less on dining out and entertainment, Dave & Buster’s Entertainment Inc. on June 10 reported a near double-digit decline in same-store sales as it looked to rebound from a tough end to fiscal 2025.

During its after-market conference call with Wall Street analysts, Dave & Buster’s interim CEO Kevin Sheehan said the Texas-based casual dining and entertainment operator is still recovering from the abrupt resignation of former CEO Chris Morris in December 2024, which triggered a broader revamp of the company’s nationwide operations.

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