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Dave & Buster's

Marketing

With sports on hold, restaurant chains hunt for new ways of entertaining guests

The limitations of social distancing are turning restaurateurs into impresarios.

Operations

With same-store sales down 58.6%, Dave & Buster’s battles to recover

The eatertainment chain is gradually reopening units amid the pandemic, with reduced hours, fewer games and a scaled-down menu.

John Hockin, the new board member, is managing director of KKR, which holds more than 10% of the struggling eatertainment chain’s stock.

The struggling eatertainment chain said it will use the money to “strengthen its balance sheet.”

First Cheesecake Factory, then BJ’s Restaurants, now Dave & Buster’s. RB’s The Bottom Line looks at the latest trend in investing amid the coronavirus.

The food and games chain has a deal with Jefferies to sell up to $75 million in stock to strengthen a balance sheet damaged by the coronavirus shutdown.

The eatertainment chain, which has shuttered all stores due to COVID-19, has about 15 weeks’ worth of cash available.

The food and games chain put a cap on the percentage of shares investors can own following a steep drop in its share price.

Chuck E. Cheese and Dave & Buster’s face weeks without game-playing customers, which could be devastating.

Coleman was previously president of Del Frisco’s Grille.

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