Loading...
•
May 06
Dave & Buster's Q1 2025 Earnings Report
Dave & Buster's reported a decrease in revenue and earnings in Q1 2025 compared to the prior year.
Key Takeaways
Dave & Buster's saw lower revenue and earnings in Q1 2025, impacted by an 8.3% decline in comparable store sales, though sequential improvements through the quarter suggest early benefits from operational changes.
Revenue declined 3.5% year-over-year to $567.7 million.
Comparable store sales dropped 8.3% versus Q1 2024.
Net income was $21.7 million, down from $41.4 million last year.
Sequential improvement in sales trend observed from February to April 2025.
Dave & Buster's
Dave & Buster's
Dave & Buster's Revenue by Segment
Dave & Buster's Revenue by Geographic Location
Revenue by Segment
Entertainment Revenue
CapyFin.comFood & Beverage Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.com Forward Guidance
The company reiterated its FY25 financial outlook with plans to keep capital expenditures under $220 million and emphasized ongoing operational improvements.
Positive Outlook
- Sequential recovery in comparable sales through Q1.
- Opened two new stores and relocated one during the quarter.
- Completed 13 store remodels in Q1.
- Strong operating cash generation of $95.8 million.
- Continued share repurchases showing confidence in performance.
Challenges Ahead
- Overall revenue declined from the prior year.
- Net income and EPS dropped significantly compared to Q1 2024.
- Comparable store sales down 8.3% year-over-year.
- Adjusted EBITDA declined to $136.1 million from $159.1 million.
- Revenue per square foot and per store week decreased.