Dave & Buster's

Financing

Vaccine mandates, fewer private parties bring slowing sales for Dave & Buster’s

The food-and-games chain said it saw same-store sales dip in Q3 in markets that required patrons to be vaccinated and that its special events business remains far from 2019 levels.

Leadership

Dave & Buster’s CFO Scott Bowman to depart next month

Bowman said he resigned to accept another opportunity. His announcement comes less than two months after Brian Jenkins, the food-and-games chain’s then-CEO, said he was retiring.

Jenkins, who helmed the eatertainment brand through the depths of the pandemic to a record-setting quarter, will stay on as an advisor with the chain until the end of November.

“Our brand is back and we are stronger than ever,” the eatertainment chain’s CEO said Thursday, noting the company has emerged from the pandemic hitting new high watermarks on nearly all financial metrics.

The eatertainment chain is investing $5 million in recruitment and retention efforts and is using tech to take over some hands-on services.

With more of its eatertainment locations reopening, the chain expressed optimism as it released its Q1 earnings Thursday.

Dave & Buster's has raised its upcoming sales projections and now has nearly all of its locations open.

The food and games chain aired a long list of planned initiatives it hopes will spur its comeback from a difficult pandemic.

The struggling food-and-games chain filed a lawsuit against Gov. Andrew Cuomo, calling his mandate to keep arcades closed while similar businesses reopen “arbitrary and unconstitutional.”

The eatertainment chain was forced to temporarily reclose some locations, leading to a same-store sales decline of 75% early in Q4.

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