The Q2 miss and guidance commentary suggest continued pressure on consumer spending at entertainment venues. Monitor Q3 same-store sales trends closely; if the July improvement does not sustain, further downside risk to estimates is likely. The high leverage (3.5x net debt/EBITDA) leaves little room for error.
Price Chart
Executive Summary
Dave & Buster's reported a significant Q2 2026 miss vs consensus, with EPS of $0.16 missing the $0.19 estimate by 14.5% and revenue of $544.1M missing the $556.8M estimate. Comparable store sales declined 2.9% YoY, and the company swung to a GAAP net loss of $12.5M from a profit of $11.4M a year ago. While management highlighted improving trends in July and Q3-to-date, the headline numbers reflect a deteriorating operating environment with declining revenue, shrinking margins, and a net loss, making this a bearish report for a company with a $283M market cap.
Key Financial Metrics
Key Facts
- Revenue of $544.1M decreased 2.4% YoY and missed consensus of $556.8M.
- GAAP EPS of -$0.36 vs $0.32 a year ago; adjusted EPS of -$0.27 vs $0.40 a year ago.
- Comparable store sales decreased 2.9% YoY.
- Net loss of $12.5M vs net income of $11.4M in the prior year quarter.
- Adjusted EBITDA fell to $98.9M from $129.8M, a 23.8% decline.
- Operating income margin compressed to 3.6% from 9.5% a year ago.
- Total revenue per store operating week fell to $170K from $182K.
- Management cited improving same-store sales trends in July and Q3-to-date.
- Company opened 6 new domestic stores in the quarter, ending with 250 company-owned stores.
Financial Impact
Revenue miss of ~$12.7M vs consensus; GAAP net loss of $12.5M vs prior-year profit of $11.4M; Adjusted EBITDA decline of $30.9M YoY.
Risk Factors
- Consumer spending slowdown impacting entertainment and dining traffic.
- High leverage (3.5x net debt/EBITDA) limits financial flexibility.
- Continued margin compression from rising costs and declining revenue per store.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3361541 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 21, 2026 5w ago | 8-K | $6.79 | awaiting T+60 | — | $7.16 (+5.45%) |
Sep 17, 2026 5w ago | Insider Buy | $6.73 | awaiting T+60 | — | $7.16 (−6.39%) |
Sep 17, 2026 5w ago | Insider Buy | $6.73 | awaiting T+60 | — | $7.16 (+6.39%) |
Sep 14, 2026 6w ago | 8-K | $6.86 | awaiting T+60 | — | $7.16 (−4.37%) |
Sep 14, 2026 6w ago | Press Release | $6.86 | awaiting T+60 | — | $7.16 (−4.37%) |
Jun 15, 2026 19w ago | 8-K | $11.55 $8.17 | ▲ +29.26% | ▲ +30.26% | $7.16 (+38.01%) |
Jun 15, 2026 19w ago | Press Release | $11.55 $8.17 | ▲ +29.26% | ▲ +30.26% | $7.16 (+38.01%) |
Jun 11, 2026 19w ago | Institutional Cluster | $13.18 $8.72 | ▲ +33.84% | ▲ +38.23% | $7.16 (+45.68%) |
Mar 31, 2026 29w ago | 8-K | $12.57 $11.33 | ▲ +9.86% | ▲ +23.24% | $7.16 (+43.04%) |
Mar 17, 2026 31w ago | Press Release | $13.36 $13.18 | ▼ −1.35% | ▼ −12.87% | $7.16 (−46.41%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers