Faced with budget-conscious customers who are spending less on dining out and entertainment, Dave & Buster’s Entertainment Inc. on June 10 reported a near double-digit decline in same-store sales as it looked to rebound from a tough end to fiscal 2025.
During its after-market conference call with Wall Street analysts, Dave & Buster’s interim CEO Kevin Sheehan said the Texas-based casual dining and entertainment operator is still recovering from the abrupt resignation of former CEO Chris Morris in December 2024, which triggered a broader revamp of the company’s nationwide operations.
“While performance in the 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,” Sheehan said. “In the quarter, we unwound many clear mistakes and made high-confidence changes to marketing, menu operations, remodels, and games investment….