The significant miss and declining fundamentals outweigh the optimistic forward guidance. Monitor the upcoming Q1 2026 report closely to see if the promised improvements in same-store sales and EBITDA materialize, as the market will likely remain skeptical until proven.
Price Chart
Executive Summary
Dave & Buster's reported a net loss of $39.8M ($1.15/share) in Q4 2025, missing consensus EPS of $0.66 by a wide margin, with revenue down 0.9% YoY. Full-year revenue declined 1.4% and comparable store sales fell 5.0%, reflecting ongoing challenges despite management's 'back-to-basics' strategy. The stock is likely to react negatively.
Key Financial Metrics
Key Facts
- Q4 2025 GAAP EPS: -$1.15 (consensus: $0.66), a 274% miss
- Q4 2025 revenue: $529.6M, down 0.9% YoY
- Full-year 2025 revenue: $2.1B, down 1.4% YoY
- Full-year comparable store sales decreased 5.0%
- Adjusted EBITDA for Q4: $111.4M, down from $127.2M in Q4 2024
- CEO provided optimistic forward guidance for 2026, expecting growth in sales, EBITDA, and >$100M in FCF
Financial Impact
EPS miss of $1.81, revenue miss of $50.5M
Risk Factors
- Continued decline in comparable store sales indicates weak consumer demand
- The large EPS miss and negative sentiment could pressure the stock further
- Forward guidance is ambitious and may be difficult to achieve given current trends
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001525769-26-000006 |
| Document: play-20260331.htm | 0001525769-26-000006 |
| Document: 0001525769-26-000006-index-headers.html | 0001525769-26-000006 |
| Document: 0001525769-26-000006-index.html | 0001525769-26-000006 |
| Document: 0001525769-26-000006.txt | 0001525769-26-000006 |
| 8-K Data (Synthetic) | 0001525769-26-000006 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G | $7.14 | awaiting T+60 | — | $7.58 (+6.16%) |
Sep 21, 2026 5w ago | 8-K | $6.79 | awaiting T+60 | — | $7.58 (+11.63%) |
Sep 17, 2026 5w ago | Insider Buy | $6.73 | awaiting T+60 | — | $7.58 (−12.63%) |
Sep 17, 2026 5w ago | Insider Buy | $6.73 | awaiting T+60 | — | $7.58 (+12.63%) |
Sep 14, 2026 6w ago | 8-K | $6.86 | awaiting T+60 | — | $7.58 (−10.50%) |
Sep 14, 2026 6w ago | Press Release | $6.86 | awaiting T+60 | — | $7.58 (−10.50%) |
Jun 15, 2026 19w ago | 8-K | $11.55 $8.17 | ▲ +29.26% | ▲ +30.26% | $7.58 (+34.37%) |
Jun 15, 2026 19w ago | Press Release | $11.55 $8.17 | ▲ +29.26% | ▲ +30.26% | $7.58 (+34.37%) |
Jun 11, 2026 19w ago | Institutional Cluster | $13.18 $8.72 | ▲ +33.84% | ▲ +38.23% | $7.58 (+42.49%) |
Mar 31, 2026 30w ago | 8-K | $12.57 $11.33 | ▲ +9.86% | ▲ +23.24% | $7.58 (+39.70%) |
US Market Status
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