Dave & Buster's

Dave & Buster’s Entertainment, Inc. Announces Opportunistic Term and Revolving Loan Repricing

Retrieved on: 
Friday, January 19, 2024

Term loans now bear an interest rate of SOFR + 325 basis points (versus SOFR + 375 prior to the amendment).

Key Points: 
  • Term loans now bear an interest rate of SOFR + 325 basis points (versus SOFR + 375 prior to the amendment).
  • There are no changes to the maturity of the outstanding term loans and revolving loans as a result of the repricing.
  • Deutsche Bank Securities Inc., JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, BMO Capital Markets Corp., Truist Securities Inc., Capital One, N.A.
  • Please refer to the Form 8-K filed with the SEC for additional information on the amended credit agreement.

Dave & Buster’s Announces the Retirement of Michael Quartieri, Chief Financial Officer

Retrieved on: 
Wednesday, December 20, 2023

DALLAS, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ: PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that its Chief Financial Officer, Michael Quartieri, will be retiring from the Company effective April 30, 2024.

Key Points: 
  • DALLAS, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ: PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that its Chief Financial Officer, Michael Quartieri, will be retiring from the Company effective April 30, 2024.
  • He will continue to serve as Chief Financial Officer until his successor is appointed and provide advisory services to ensure a smooth transition prior to his retirement date.
  • "On behalf of the management team and our Board, I want to thank Michael for his significant contributions and leadership over the past two years at Dave & Buster’s," said Chris Morris, Chief Executive Officer of Dave & Buster’s.
  • The Dave & Buster’s team wishes him a prosperous future as he moves into the next phase of his life.

Dave & Buster’s Reports Third Quarter 2023 Financial Results, Repurchases $100 Million of Shares and Executes Sale Leaseback of Four Properties for $86 Million

Retrieved on: 
Tuesday, December 5, 2023

Adjusted EBITDA of $81.6 million, or 17.5% of revenue, in the quarter decreased 5.2% from the third quarter of 2022.

Key Points: 
  • Adjusted EBITDA of $81.6 million, or 17.5% of revenue, in the quarter decreased 5.2% from the third quarter of 2022.
  • The Company opened two new Dave & Buster's stores and one new Main Event store in the third quarter.
  • Total share repurchases to date in fiscal 2023 are 8.5 million shares totaling $300.0 million and representing 17.5% of the Company's outstanding shares as of the end of fiscal 2022.
  • The Company has $100 million remaining on its share repurchase authorization at the end of the third quarter of 2023.

Dave & Buster’s Entertainment, Inc. to Report Third Quarter 2023 Financial Results on December 5, 2023

Retrieved on: 
Tuesday, November 21, 2023

DALLAS, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that it will report financial results for its third quarter ended October 29, 2023 after the market closes on Tuesday, December 5, 2023.

Key Points: 
  • DALLAS, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that it will report financial results for its third quarter ended October 29, 2023 after the market closes on Tuesday, December 5, 2023.
  • Management will host a conference call to report these results on Tuesday, December 5, 2023, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time).
  • Participants can access the conference call by dialing toll-free (877) 883-0383.
  • Additionally, a live and archived webcast of the conference call will be available under the Investor Relations section of the Company’s website at ir.daveandbusters.com.

DAVE & BUSTER'S ANNOUNCES PARTNERSHIP WITH BLUMHOUSE'S FIVE NIGHTS AT FREDDY'S, FROM UNIVERSAL PICTURES

Retrieved on: 
Monday, October 16, 2023

DALLAS, Oct. 16, 2023 /PRNewswire/ -- Dave & Buster's Entertainment, Inc., the ultimate restaurant and entertainment destination, teams up with Universal Pictures to celebrate the release of the terrifying new Blumhouse film Five Nights at Freddy's, based on the blockbuster horror game phenomenon.

Key Points: 
  • BLUMHOUSE'S FIVE NIGHTS AT FREDDY'S, FROM UNIVERSAL PICTURES, ARRIVES IN THEATERS AND ON PEACOCK OCTOBER 27, 2023.
  • The film revolves around Mike, a security guard who takes a job working nights at Freddy Fazbear's Pizzeria, an abandoned family entertainment center.
  • The film guarantees an unforgettable journey, captivating audiences from beginning to end, and with Dave & Buster's, that experience is bound to be magnified.
  • These Trading Cards will be available at the Dave & Buster's Winner's Circle, no purchase necessary, while supplies last.

Dave & Buster's Becomes the FIRST-EVER Official Watch Location of the Dallas Cowboys

Retrieved on: 
Wednesday, September 13, 2023

DALLAS, Sept. 13, 2023 /PRNewswire/ -- Dave & Buster's Entertainment, Inc., the ultimate restaurant and entertainment destination, is thrilled to announce its new 5-year partnership with the Dallas Cowboys as the NFL team's First Official Watch Location. Dallas Cowboys fans and NFL fans alike can head to Dave & Buster's to experience the state-of-the-art watch and entertainment experience with 40-foot screens, 30+ HDTVs and unmatched deals and steals all season long where fans will be able to EAT, DRINK, PLAY AND WATCH! To celebrate the groundbreaking partnership, Dave & Buster's has enlisted Cowboys Linebacker, Micah Parsons, to introduce the all new $5 Bites Menu, which is the perfect accompaniment to your game day watch experience.

Key Points: 
  • As the Official Watch Location of the Dallas Cowboys, we want fans to experience BIG as intended with immersive audio that puts you right on the field with Dave & Buster's 40-foot screens (at most locations).
  • As our new Official Watch Location, Dave & Buster's delivers a big, dynamic gameday experience and special promotions that live up to what Cowboys Nation wants," said Jerry Jones, Jr., Executive Vice President and Chief Sales & Marketing Officer of the Dallas Cowboys.
  • "We are honored to begin this journey with the Dallas Cowboys football team as their official watch location, further fostering innovative eatertainment options for sports fans!
  • With all Dave & Buster's has to offer this fall – you know you want to watch sports at Dave & Buster's!

Dave & Buster’s Reports Record Second Quarter 2023 Financial Results; Company Increases Remaining Share Repurchase Program Authorization to $200 Million

Retrieved on: 
Wednesday, September 6, 2023

Adjusted EBITDA of $140.3 million in the quarter increased 21.3% from the second quarter of 2022.

Key Points: 
  • Adjusted EBITDA of $140.3 million in the quarter increased 21.3% from the second quarter of 2022.
  • The Company ended the second quarter with $572.8 million of liquidity, which included $82.6 million in cash and $490.2 million available under its $500 million revolving credit facility.
  • The Board of Directors has approved an increase to the Company's existing share repurchase authorization of $100 million, bringing the total remaining authorization to $200 million.
  • The Company had $100 million remaining on its share repurchase authorization at the end of the second quarter of 2023, which the Board subsequently increased to $200 million.

Dave & Buster’s Entertainment, Inc. to Report Second Quarter 2023 Financial Results on September 6, 2023

Retrieved on: 
Wednesday, August 23, 2023

DALLAS, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that it will report financial results for its second quarter ended July 30, 2023 after the market closes on Wednesday, September 6, 2023.

Key Points: 
  • DALLAS, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that it will report financial results for its second quarter ended July 30, 2023 after the market closes on Wednesday, September 6, 2023.
  • Management will host a conference call to report these results on Wednesday, September 6, 2023, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time).
  • Participants can access the conference call by dialing toll-free (877) 883-0383.
  • Additionally, a live and archived webcast of the conference call will be available under the Investor Relations section of the Company’s website at ir.daveandbusters.com.

Nordstrom Rack to Open New Location in Queen Creek, Arizona

Retrieved on: 
Friday, August 4, 2023

(NYSE: JWN) announced plans to open a new Nordstrom Rack in Queen Creek, Arizona.

Key Points: 
  • (NYSE: JWN) announced plans to open a new Nordstrom Rack in Queen Creek, Arizona.
  • "We look forward to opening this new Nordstrom Rack location in Queen Creek, strengthening our network of stores and introducing new customers to Nordstrom Rack's unique product offering," said Carl Jenkins, Senior Vice President of Nordstrom Rack Stores.
  • With the addition of this new location, Nordstrom will operate ten Nordstrom Rack stores and one Nordstrom store in Arizona.
  • Nordstrom Rack is the largest source of new customers to Nordstrom.

NOTHING BUNDT CAKES NAMES NEW CEO

Retrieved on: 
Friday, July 21, 2023

ADDISON, Texas, July 21, 2023 /PRNewswire/ -- Nothing Bundt Cakes®, the nation's largest specialty cake bakery, has appointed multi-unit and franchise veteran Dolf Berle as CEO, effective immediately.

Key Points: 
  • ADDISON, Texas, July 21, 2023 /PRNewswire/ -- Nothing Bundt Cakes ®, the nation's largest specialty cake bakery, has appointed multi-unit and franchise veteran Dolf Berle as CEO, effective immediately.
  • Prior to joining Nothing Bundt Cakes, Berle most recently served as CEO of Lindblad Expeditions, a global adventure travel operator.
  • Berle brings to Nothing Bundt Cakes a strong track record for profitable revenue growth, unit expansion, digital transformation, data-driven decision-making and a deep commitment to organizational culture and values.
  • In addition to his new role as CEO, Berle has been appointed to the Nothing Bundt Cakes Board.