Dave & Buster's

Financing

Dave & Buster's sees some light at the end of a long, dark tunnel

The food-and-games chain said that its same-store sales improved as the quarter progressed and into November, sending the company’s stock soaring despite a wider loss and revenue decline.

Financing

Investors lose patience with Dave & Buster's

The Bottom Line: Stock in the food-and-games chain plunged 17% on Tuesday after sales and profitability weakened, providing a tough start for new CEO Tarun Lal. Or maybe it’s an opportunity.

Lal had been president of KFC in the U.S. He will oversee a food-and-games chain that is seeing improving sales after a brutal start to the year.

The food-and-games chain, which struggled with steep sales declines for more than two years, saw sales improve in recent months thanks to better value, marketing and operations.

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.

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.

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