Dave & Buster‘s Entertainment Inc: Positive Comps Coming Soon?

研报英文原文证据摘录

Dave & Buster‘s Entertainment Inc: Positive Comps Coming Soon?

Global Research

16 June 2026ab

Dave & Buster's Entertainment Inc Equities

United StatesPositive Comps Coming Soon?

Restaurants

12-month rating Neutral

Sales trends pressured through 1Q; Focus on traction against strategic plans

PLAY's 1Q results & commentary highlighted pressured sales trends reflecting worsening 12m price target US$12.00

macro headwinds in March & April, although trends have improved 2QTD. Focus is on Prior : US$13.00

opportunities to improve sss through '26 supported by progress on key initiatives

Price (15 Jun 2026) US$10.88

including: continued investment in innovative & relevant games, compelling

promotional activity, optimized marketing, and a compelling food & beverage (F&B) RIC: PLAY.O BBG: PLAY US

menu. New remodel prototypes continue to generate ~700bps of sss outperformance

Trading data and key metrics

to the system, w/ ~6 completed in 1Q and another two expected to open in the coming

52-wk range US$34.55-9.73

months. Additionally, unit development guidance of 11 new stores was reiterated, while

international franchising should be a considerable growth driver over the coming years, Market cap. US$0.43b

w/ agreements for over 30 additional international stores secured. Over the coming Shares o/s 34.7m (COM)

quarters, focus will be on traction against sales drivers, as well as inflection to positive Free float 97%

sss, revenue & adj EBITDA growth, and $100MM+ FCF in FY26. While still in the early Avg. daily volume ('000) 1,902

stages of a turnaround, w/ macro pressure remaining elevated & visibility limited, we Avg. daily value (m) US$22.8

believe an eventual return to consistently positive sss represents potential upside for Common s/h equity (01/27E) US$0.13b