Dave & Buster's Entertainment, Inc. reported its financial results for the third quarter of fiscal 2025.
The company's third quarter revenue was $448.2 million, showing a 1.1% decrease from the same quarter in fiscal 2024.
Net loss for the quarter totaled $42.1 million, with adjusted net loss at $39.4 million.
Financial Performance
Third quarter revenue was $448.2 million, a slight decrease from the previous year.
Store Openings
Opened one new domestic Dave & Buster's store and three new Main Event stores in the quarter.
International Expansion
Opened the third international franchise store in the Philippines and plans for more international stores.
Operational Improvements
Focused on back-to-basics plan including marketing, food & beverage offerings, operations, games platform, and store remodels.
Cash Flow
Generated $58.0 million in operating cash during the quarter.
- The company anticipates opening more stores and enhancing its international presence.
- Sequential improvement in same-store sales was observed each month with a positive outlook for the future.
Dave & Buster's is focusing on operational improvements and growth strategies to drive positive results in the following quarters.