Dave & Buster’s has said its “back to basics” strategy is working, despite posting a 3.5 per cent decrease in revenue for the first quarter of its 2025 financial year.
Comparable store sales decreased by 8.3 per cent when compared with the same calendar period, while net income totalled US$27.1m, down from $41.4m in 2024.
During the period, the company opened two new venues and relocated one of its stores.
Kevin Sheehan, board chair and interim CEO, said: “I am pleased to report that we are making good progress and our operating results significantly improved over the course of the first quarter.
“While performance in the first quarter was nowhere close to where we want and expect to be, our ‘back to basics’ strategy is working and is driving a material recovery in our top-line trajectory. In the quarter, we unwound many clear mistakes and made high confidence changes to marketing, menu, operations, remodels and games investment.
“We are improving our execution every day and have a very clear road map of work to do to continue to drive improvements and meaningful growth in the business. The leadership team and our board are as confident as ever that our current actions will lead to significantly improved revenue, adjusted EBITDA, free cash flow and shareholder value in the months ahead.”
