Dave & Buster’s has revealed that revenues for last year have increased by more than 10 per cent.


Its fourth quarter and fiscal year end results show that the FEC chain generated a revenue of US$2.2bn, an increase of 12.3 per cent from the previous year.

Adjusted EDBITDA increased by 15.7 per cent to $555.6m when compared to the same period in 2022.

Meanwhile pro forma combined comparable store sales, including its Main Event branded stores, decreased by 6.2 per cent on last year, but showed an eight per cent increase when compared with 2019.

Last year saw the company add 11 new Dave & Buster’s stores and five Main Event locations to its roster, while it also completed nine test remodels of its Dave & Buster’s venues.

It also repurchased 8.5m shares, worth $300m and representing 17.5 per cent of the company’s outstanding shares.

The results saw D&B’s announce it has entered into an international franchise partnership agreement to develop two venues in the Dominican Republic. It means that the company has now committed to 33 venues across six countries, with four of these set to open over the next 12 to 18 months.

“I am pleased with the strong progress we made during the final quarter of fiscal 2023 and the year as a whole, which is a testament to the hard work and dedication of our phenomenal team members,” said Dave & Buster’s CEO Chris Morris.

“During the quarter we successfully opened six new domestic stores at what we expect will be highly attractive ROIs, we signed an additional agreement to open up new international units, we successfully grew adjusted EBITDA margins and we laid a strong foundation for future growth on each of our organic growth initiatives.”