Dave & Buster's Entertainment, Inc. Files 2024 10-K Report

TL;DR

<b>Dave & Buster's Entertainment, Inc. has filed its annual 10-K report detailing financial performance and key balance sheet items for the fiscal years 2021 through 2024.</b>

AI Summary

Dave & Buster's Entertainment, Inc. (PLAY) filed a Annual Report (10-K) with the SEC on April 2, 2024. The company filed its 10-K report for the fiscal year ending February 4, 2024. The filing covers financial data for the fiscal years 2021, 2022, and 2023. Key financial statement items such as retained earnings, additional paid-in capital, and treasury stock are detailed. The report includes segment information for Entertainment and Food & Beverage. Dave & Buster's Entertainment, Inc. is incorporated in Delaware and headquartered in Dallas, TX.

Why It Matters

For investors and stakeholders tracking Dave & Buster's Entertainment, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Dave & Buster's financial health and operational segments, crucial for investors to assess performance and future outlook. The detailed financial data, including segment revenues and equity components, allows for a thorough analysis of the company's business model and financial stability.

Risk Assessment

Risk Level: — Dave & Buster's Entertainment, Inc. shows moderate risk based on this filing. The company operates in the highly competitive entertainment and dining sector, which is subject to changing consumer preferences and economic conditions, as indicated by the segment reporting for Entertainment and Food & Beverage.

Analyst Insight

Investors should review the detailed segment performance and financial statements in the 10-K to understand revenue drivers and potential risks.

Revenue Breakdown

Key Numbers

• 2024-02-04 — Fiscal Year End (The report covers the fiscal year ending on this date.)
• 2024-04-02 — Filing Date (The date the 10-K was filed with the SEC.)
• 2021-02-01 — Start of Reporting Period (The earliest fiscal year start date covered in the report.)

Key Players & Entities

• Dave & Buster's Entertainment, Inc. (company) — Filer name
• 2024-02-04 (date) — Fiscal year end date
• 2024-04-02 (date) — Filing date
• Dallas, TX (location) — Business address
• Dave & Buster's Parent, Inc. (company) — Former company name
• PLAY (ticker) — Ticker symbol

FAQ

Key Dates

• 2024-02-04: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-04-02: Filing Date — The date the 10-K was officially submitted to the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (Provides a detailed overview of the company's financial condition and results of operations.)

Fiscal Year

A period of 12 months, which a company uses for accounting purposes. (Defines the timeframe for the financial data presented in the report.)

Key Financial Figures

• $0.01 — ange on which registered Common Stock $0.01 par value PLAY NASDAQ Global Select Ma
• $23.5 million — ted aggregate revenues of approximately $23.5 million and $24.1 million in fiscal 2023 and fi
• $24.1 million — nues of approximately $23.5 million and $24.1 million in fiscal 2023 and fiscal 2022, respect

Filing Documents

• play-20240204.htm (10-K) — 1541KB
• exhibit19.htm (EX-19) — 26KB
• exhibit211.htm (EX-21.1) — 47KB
• exhibit231.htm (EX-23.1) — 2KB
• exhibit311.htm (EX-31.1) — 9KB
• exhibit312.htm (EX-31.2) — 9KB
• exhibit321.htm (EX-32.1) — 4KB
• exhibit322.htm (EX-32.2) — 4KB
• exhibit97.htm (EX-97) — 21KB
• play-20240204_g1.jpg (GRAPHIC) — 115KB
• 0001628280-24-014369.txt (&nbsp;) — 7854KB
• play-20240204.xsd (EX-101.SCH) — 54KB
• play-20240204_cal.xml (EX-101.CAL) — 106KB
• play-20240204_def.xml (EX-101.DEF) — 217KB
• play-20240204_lab.xml (EX-101.LAB) — 658KB
• play-20240204_pre.xml (EX-101.PRE) — 439KB
• play-20240204_htm.xml (XML) — 937KB

Business

Business 2 ITEM 1A.

Risk Factors

Risk Factors 10 ITEM 1B. Unresolved Staff Comments 21

Cybersecurity

ITEM 1C. Cybersecurity 22 ITEM 2.

Properties

Properties 23 ITEM 3.

Legal Proceedings

Legal Proceedings 24 ITEM 4. Mine Safety Disclosures 25 PART II ITEM 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 25 ITEM 6. Reserved 26 ITEM 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 ITEM 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 39 ITEM 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 39 ITEM 9. Changes in and Disagreements with Accountants On Accounting and Financial Disclosure 39 ITEM 9A.

Controls and Procedures

Controls and Procedures 39 ITEM 9B. Other Information 40 ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 40 PART III ITEM 10. Directors, Executive Officers and Corporate Governance 41 ITEM 11.

Executive Compensation

Executive Compensation 41 ITEM 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 41 ITEM 13. Certain Relationships and Related Transactions, and Director Independence 41 ITEM 14. Principal Accountant Fees and Services 41 PART IV ITEM 15. Exhibits and Financial Statement Schedules 42 ITEM 16. Form 10-K Summary 46

Signatures

Signatures 47 1 Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Matters discussed in this report and in other public disclosures, both written and oral, include "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995, as codified in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believes," "estimates," "anticipates," "expects," "intends," "plans," "seeks," or words of similar meaning, or future or conditional verbs, such as "may," "will," "should," "could," "aims," "intends," or "projects," and similar expressions, whether in the negative or the affirmative. You should not place undue reliance on forward-looking statements, which speak only as of the date of the report. These forward-looking statements are all based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Our actual future results and trends may differ materially depending on a variety of factors, including, but not limited to, the risks and uncertainties discussed under "Item 1A. Risk Factors" and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations." Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results. Any or all forward-looking statements contained in this report and other public statements made by us, including by our management, may turn out to be incorrect. We are including this cautionary note to make applicable and take advantage of the safe harbor provision of the Private Securities Litigation Reform Act of 1995 for forward-looking statements. We expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, fu

Business

ITEM 1. Business Dave & Buster's Entertainment, Inc. ("D&B Entertainment") is the owner and operator of 220 venues in North America that offer premier entertainment and dining experiences for both adults and families under the Dave & Buster's and Main Event brands. As of February 4, 2024, the Company had 162 Dave & Buster's branded stores in 42 states, Puerto Rico, and Canada and offers guests the opportunity to "Eat Drink Play and Watch," all in one location. Each store offers a full menu of entres and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. The Company has 58 Main Event stores in 20 states across the U.S. Main Event offers food, drinks and entertainment, including state-of-the-art bowling, laser tag, arcade games and virtual reality, making it the perfect place for families to connect and make memories. Unless otherwise provided in this report, references to "Dave & Buster's," "we," "us," "our" or the "Company" refer to D&B Entertainment and its wholly owned subsidiaries and any predecessor entities. Our fiscal year consists of 52 or 53 weeks ending on the Sunday after the Saturday closest to January 31. Each quarterly period has 13 weeks, except in a 53-week year when the fourth quarter has 14 weeks. Fiscal 2023 contained 53 weeks and fiscal 2022 and fiscal 2021 each contained 52 weeks. We refer to our fiscal years ended February 4, 2024, January 29, 2023 and January 30, 2022 as "fiscal 2023", "fiscal 2022", and "fiscal 2021", respectively, throughout this report. Entertainment Game play is a key aspect of the entertainment experience at each of our stores, which we believe is the core differentiating feature of our brands. The Midway in each of our stores is an area where we offer a wide array of entertainment options, some of which are exclusive to our Dave & Buster's and Main Event b

View Full Filing

View this 10-K filing on SEC EDGAR