Dave & Buster's Files Q1 2024 10-Q
Ticker: PLAY · Form: 10-Q · Filed: Jun 12, 2024 · CIK: 1525769
Sentiment: neutral
Topics: 10-Q, earnings, retail
TL;DR
**D&B Q1 10-Q filed. Check financials.**
AI Summary
Dave & Buster's Entertainment, Inc. filed its 10-Q for the period ending May 5, 2024. The company operates entertainment and dining venues. Key financial data and operational details for the quarter are presented in this filing.
Why It Matters
This filing provides investors with the latest financial performance and operational insights for Dave & Buster's, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal risks related to revenue, expenses, or market conditions.
Key Players & Entities
- Dave & Buster's Entertainment, Inc. (company) — Filer of the 10-Q
- 20240505 (date) — End of the reporting period
- 20240612 (date) — Date of filing
- Dallas, TX (location) — Company headquarters
FAQ
What was the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing was May 5, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on June 12, 2024.
What is Dave & Buster's primary industry classification?
Dave & Buster's is classified under RETAIL-EATING PLACES [5812].
What is the company's principal business address?
The company's principal business address is 2481 Manana Drive, Dallas, TX 75220.
What fiscal year end does Dave & Buster's report?
Dave & Buster's reports a fiscal year end of 0202.
Filing Stats: 4,766 words · 19 min read · ~16 pages · Grade level 7.9 · Accepted 2024-06-12 16:20:41
Key Financial Figures
- $0.01 — hange on which registered Common Stock $0.01 par value PLAY NASDAQ Global Select Mar
Filing Documents
- play-20240505.htm (10-Q) — 707KB
- play-2024q1xex311.htm (EX-31.1) — 9KB
- play-2024q1xex312.htm (EX-31.2) — 9KB
- play-2024q1xex321.htm (EX-32.1) — 4KB
- play-2024q1xex322.htm (EX-32.2) — 4KB
- 0001628280-24-027828.txt ( ) — 3803KB
- play-20240505.xsd (EX-101.SCH) — 30KB
- play-20240505_cal.xml (EX-101.CAL) — 59KB
- play-20240505_def.xml (EX-101.DEF) — 128KB
- play-20240505_lab.xml (EX-101.LAB) — 363KB
- play-20240505_pre.xml (EX-101.PRE) — 245KB
- play-20240505_htm.xml (XML) — 377KB
Financial Statements
Financial Statements 3 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.
Controls and Procedures
Controls and Procedures 27 PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 29 Item 1A.
Risk Factors
Risk Factors 29 Item 2. Unregistered Sales of Equity Securities 29 Item 6. Exhibits 30
Signatures
Signatures 31 2 Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements DAVE & BUSTER'S ENTERTAINMENT, INC. CONSOLIDATED BALANCE SHEETS (in millions, except per share amounts) May 5, 2024 February 4, 2024 (Unaudited) (Audited) ASSETS Current Assets: Cash and cash equivalents $ 32.1 $ 37.3 Inventories 37.8 37.2 Prepaid expenses 34.1 18.2 Income taxes receivable 13.2 22.9 Accounts receivable 20.6 21.9 Total current assets 137.8 137.5 Property and equipment (net of $ 1,284.6 and $ 1,222.6 of accumulated depreciation as of May 5, 2024 and February 4, 2024, respectively) 1,371.3 1,332.7 Operating lease right of use assets, net 1,314.4 1,323.3 Deferred tax assets 6.1 6.0 Tradenames 178.2 178.2 Goodwill 742.5 742.5 Other assets and deferred charges 35.0 34.2 Total assets $ 3,785.3 $ 3,754.4 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Current installments of long-term debt $ 9.0 $ 9.0 Accounts payable 109.4 118.6 Accrued liabilities 303.0 306.0 Income taxes payable 2.7 2.0 Total current liabilities 424.1 435.6 Deferred income taxes 90.9 89.8 Operating lease liabilities 1,552.0 1,558.5 Other long-term liabilities 136.6 135.3 Long-term debt, net 1,289.2 1,284.0 Commitments and contingencies Stockholders' equity: Common stock, par value $ 0.01 ; authorized: 400.00 shares; issued: 63.15 shares at May 5, 2024 and 62.86 at February 4, 2024; outstanding: 40.35 shares at May 5, 2024 and 40.27 at February 4, 2024 0.6 0.6 Preferred stock, 50.00 authorized; none issued — — Paid-in capital 609.1 597.6 Treasury stock, 22.80 and 22.59 shares as of May 5, 2024 and February 4, 2024, respectively ( 956.8 ) ( 945.3 ) Accumulated other comprehensive loss ( 1.0 ) ( 0.9 ) Retained earnings 640.6 599.2 Total stockholders' equity 292.5 251.2 Total liabilities and stockholders' equity $ 3,785.3 $ 3,754.4 See accompanying notes to consolidated financial statements. 3 Table of Contents DAVE & BUSTER'S ENTERTAINMENT, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in