Dave & Buster's

Financing

Dave & Buster's laments its past 'mistakes'

The interim CEO of the food-and-games chain, in his first earnings call, said the company is “systematically unwinding” mistakes of its former CEO and said sales have improved recently.

Financing

Profits improve at Dave & Buster's despite weak sales

The food-and-games chain improved profitability last quarter, despite a sales environment executives described as “complex and challenging.”

Stock in the food-and-games chain, which also owns Main Event, plunged early Thursday following a weak sales report.

The eatertainment chain is adding the ability to wager on Skee-Ball, basketball and its other arcade games to its app, for members of its loyalty program.

The combination restaurant and arcade chain is working on upgrading its menu offerings to bolster food attachment. But it is also planning to raise gaming prices to improve profits.

The eatertainment concept signed another international development deal as it pushes to bring its restaurant and games venues to more global markets.

The prototype for the food-and-games restaurant chain incorporates sports bar-like features, private gaming areas and self-service beer taps.

The food-and-games chain hopes an improved menu, higher game prices and remodels will generate long-term revenue. But its same-store sales have been slowing in recent quarters.

The owner of its namesake food-and-games chain, along with Main Event, cited difficult comparisons and calendar challenges as sales slowed in February and March. But its stock fell, anyway.

Police reports suggest that his death was the result of suicide, but that cause has yet to be verified by the authorities.

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