Business
Dave & Buster's Reports Fourth Quarter and Fiscal Year End 2024 Financial Results; Repurchases $108 Million of Shares and Executes Sale Leaseback of Five Properties for $111 Million
DALLAS, April 07, 2025 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ: PLAY...
About this update from Playground Ventures Inc
[{"type":"text","content":"Dave & Buster's Reports Fourth Quarter and Fiscal Year End 2024 Financial Results; Repurchases $108 Million of Shares and Executes Sale Leaseback of Five Properties for $111 Million\n\n\n\n DALLAS, April 07, 2025 (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 financial results for its fourth quarter and fiscal year ended February 4, 2025. The Company's fiscal 2024 consisted of 13 weeks in the fourth quarter and 52 weeks in the fiscal year, whereas the Company's prior fiscal year (fiscal 2023) consisted of 14 weeks in the fourth quarter and 53 weeks in the fiscal year. The 14th week in the fourth quarter of fiscal 2023, also the 53rd week in fiscal 2023, contributed $39.5 million in revenue.\n \n\n\n Fourth Quarter\n \n\n 2024\n \n\n Financial Summary\n \n\n\n\n Revenue of $534.5 million decreased 10.8% from the fourth quarter of fiscal 2023.\n \n\n Comparable store sales decreased 9.4% compared to the same calendar period of fiscal 2023.\n \n\n Net income totaled $9.3 million, or $0.24 per diluted share, compared with net income of $36.2 million, or $0.88 per diluted share in the fourth quarter of fiscal 2023. Adjusted net income, a non-GAAP measure, totaled $26.8 million, or $0.69 per diluted share, compared with an Adjusted net income of $42.0 million, or $1.03 per diluted share in the fourth quarter of fiscal 2023. See reconciliation of non-GAAP measures below.\n \n\n Adjusted EBITDA, a non-GAAP measure, of $127.2 million, or 23.8% of revenue, in the quarter decreased 16.2% from the fourth quarter of fiscal 2023. See reconciliation of non-GAAP measures below.\n \n\n\n\n\n Fiscal\n \n\n 2024\n \n\n Financial Summary\n \n\n\n\n Revenue of $2.1 billion decreased 3.3% from fiscal 2023.\n \n\n Comparable store sales decreased 7.2% compared to the same calendar period in fiscal 2023.\n \n\n Net income totaled $58.3 million, or $1.46 per diluted share, compared with net income of $126.9 million, or $2.88 per diluted share in fiscal 2023. Adjusted net income, a non-GAAP measure, totaled $101.4 million, or $2.53 per diluted share, compared with an Adjusted net income of $156.9 million, or $3.56 per diluted share in fiscal 2023. See reconciliation of non-GAAP measures below.\n \n\n A...