$PLAY

Dave & Buster's Entertainment, Inc.

CIK:0001525769|SEC Filings

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2026	Aug. 05, 2025	Aug. 04, 2026	Aug. 05, 2025
Total revenues	$ 544.1	$ 557.4	$ 1,103.3	$ 1,125.0
Total cost of products	83.2	76.4	163.0	158.6
Operating payroll and benefits	140.2	138.7	280.3	273.7
Other store operating expenses	192.9	186.9	379.6	375.3
General and administrative expenses	27.1	32.0	54.6	56.3
Depreciation and amortization expenses	73.7	65.2	144.6	128.4
Pre-opening costs	6.7	4.1	12.1	10.1
Other charges and gains	0.9	1.1	2.8	6.4
Total operating costs	524.7	504.4	1,037.0	1,008.8
Operating income	19.4	53.0	66.3	116.2
Interest expense, net	38.0	38.7	74.9	75.5
Income (loss) before income taxes	(18.6)	14.3	(8.6)	40.7
Provision for (benefit from) income taxes	(6.1)	2.9	(1.8)	7.6
Net income (loss)	(12.5)	11.4	(6.8)	33.1
Unrealized foreign currency translation gain	0.2	0.1	0.4	0.5
Total other comprehensive gain	0.2	0.1	0.4	0.5
Total comprehensive income (loss)	$ (12.3)	$ 11.5	$ (6.4)	$ 33.6
Net income (loss) per share:
Basic (in dollars per share)	$ (0.36)	$ 0.33	$ (0.20)	$ 0.96
Diluted (in dollars per share)	$ (0.36)	$ 0.32	$ (0.20)	$ 0.94
Weighted average shares used in per share calculations:
Basic (in shares)	34,810	34,520	34,780	34,560
Diluted (in shares)	34,810	35,140	34,780	35,080
Entertainment revenues
Total revenues	$ 332.6	$ 364.5	$ 677.7	$ 731.1
Cost of entertainment	30.7	29.2	58.1	59.8
Food and beverage revenues
Total revenues	211.5	192.9	425.6	393.9
Cost of food and beverage	$ 52.5	$ 47.2	$ 104.9	$ 98.8

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Aug. 04, 2026	Aug. 05, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (6.8)	$ 33.1
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense	144.6	128.4
Non-cash interest expense	4.5	4.4
Deferred income tax expense (benefit)	(3.1)	3.4
Share-based compensation	3.4	10.9
Other, net	(0.6)	1.6
Changes in assets and liabilities:
(Increase) decrease in inventories	0.5	0.7
(Increase) decrease in prepaid expenses	(9.9)	(8.5)
(Increase) decrease in income tax receivable	1.4	(5.5)
(Increase) decrease in accounts receivable	3.7	(4.0)
(Increase) decrease in other assets and deferred charges	0.6	(1.8)
Increase (decrease) in accounts payable	21.3	(23.4)
Increase (decrease) in accrued liabilities	(1.7)	(8.3)
Increase (decrease) in income taxes payable	(0.7)	(0.2)
Increase (decrease) in other long-term liabilities	3.4	(1.0)
Net cash provided by operating activities	160.6	129.8
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(190.0)	(243.8)
Incentives from landlords - finance leases	0.0	4.5
Net cash used in investing activities	(190.0)	(239.3)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from term loan and revolver	375.0	506.0
Term loan and revolver payments	(393.5)	(439.5)
Proceeds from sale-leaseback transactions	48.9	73.0
Principal payments on sale-leaseback financing	(1.1)	(1.0)
Principal payments on finance leases	(0.2)	0.0
Repurchases of common stock under share repurchase program	0.0	(23.9)
Repurchases of common stock to satisfy employee withholding tax obligations	(0.3)	0.0
Net cash provided by financing activities	28.8	114.6
Increase (decrease) in cash and cash equivalents	(0.6)	5.1
Beginning cash and cash equivalents	16.6	6.9
Ending cash and cash equivalents	16.0	12.0
Supplemental disclosures of cash flow information:
Decrease in accounts payable for the acquisition of property and equipment	(22.8)	(51.8)
Cash paid for income taxes, net	0.3	8.6
Cash paid for interest, net	$ 71.3	$ 70.3

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 04, 2026	Feb. 03, 2026
Current Assets:
Cash and cash equivalents	$ 16.0	$ 16.6
Inventories	39.4	39.9
Prepaid expenses	23.0	13.1
Income taxes receivable	33.8	35.2
Accounts receivable	15.6	19.3
Total current assets	127.8	124.1
Property and equipment (net of $1,815.7 and $1,672.3 of accumulated depreciation as of August 4, 2026 and February 3, 2026, respectively)	1,739.9	1,719.0
Operating lease right of use assets, net	1,283.1	1,303.2
Deferred tax assets	10.1	9.0
Tradenames	178.2	178.2
Goodwill	742.6	742.6
Other assets and deferred charges	39.2	40.5
Total assets	4,120.9	4,116.6
Current Liabilities:
Current installments of long-term debt	7.0	7.0
Accounts payable	124.0	125.5
Accrued liabilities	298.6	300.3
Income taxes payable	1.1	1.8
Total current liabilities	430.7	434.6
Deferred income taxes	66.6	68.6
Operating lease liabilities	1,539.4	1,562.6
Other long-term liabilities	495.8	444.6
Long-term debt, net	1,500.5	1,515.0
Commitments and contingencies
Stockholders’ equity:
Common stock, par value $0.01; authorized: 400.00 shares; issued: 63.61 shares as of August 4, 2026 and 63.47 as of February 3, 2026; outstanding: 34.85 shares as of August 4, 2026 and 34.75 as of February 3, 2026	0.6	0.6
Preferred stock, 50.00 authorized; none issued	0.0	0.0
Paid-in capital	632.9	629.5
Treasury stock, 28.76 and 28.72 shares as of August 4, 2026 and February 3, 2026, respectively	(1,146.9)	(1,146.6)
Accumulated other comprehensive loss	(0.7)	(1.1)
Retained earnings	602.0	608.8
Total stockholders’ equity	87.9	91.2
Total liabilities and stockholders’ equity	$ 4,120.9	$ 4,116.6