Dave & Buster's Files Q3 2024 10-Q
Ticker: PLAY · Form: 10-Q · Filed: Dec 10, 2024 · CIK: 1525769
Sentiment: neutral
Topics: 10-Q, earnings, retail, entertainment
TL;DR
D&B's Q3 10-Q is in - check financials for latest performance.
AI Summary
Dave & Buster's Entertainment, Inc. filed its 10-Q for the period ending November 5, 2024. The company reported financial results for its fiscal third quarter and year-to-date. Key financial data and operational details for its entertainment and food/beverage segments are included in this filing.
Why It Matters
This filing provides investors with the latest financial performance and operational updates 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 significant financial health indicators or operational challenges.
Key Numbers
- Q3 2024 — Reporting Period (Financial results for the third quarter ending November 5, 2024.)
- Fiscal Year End 0202 — Fiscal Year End (Indicates the company's fiscal year concludes in February.)
Key Players & Entities
- Dave & Buster's Entertainment, Inc. (company) — Filer of the 10-Q
- 2024-11-05 (date) — End of the reporting period
- 2024-12-10 (date) — Filing date
- Dallas, TX (location) — Company headquarters
FAQ
What were the key financial highlights for Dave & Buster's in Q3 2024?
The filing provides detailed financial statements for the period ending November 5, 2024, including revenue, expenses, and net income, though specific dollar amounts for these are not detailed in the header.
What is the company's primary business segment?
Dave & Buster's operates in the 'RETAIL-EATING PLACES' sector (SIC 5812) and includes segments for Entertainment and Food & Beverage.
When was the company incorporated and where is it headquartered?
The company is incorporated in Delaware and headquartered at 2481 Manana Drive, Dallas, TX 75220.
What is the filing date and the period of report for this 10-Q?
This 10-Q was filed on December 10, 2024, and covers the period ending November 5, 2024.
Has the company undergone any name changes?
Yes, the former company name was Dave & Buster's Parent, Inc., with a name change date of July 13, 2011.
Filing Stats: 4,851 words · 19 min read · ~16 pages · Grade level 7 · Accepted 2024-12-10 16:46:20
Key Financial Figures
- $0.01 — hange on which registered Common Stock $0.01 par value PLAY NASDAQ Global Select Mar
Filing Documents
- play-20241105.htm (10-Q) — 1018KB
- play-2024q3xex31.htm (EX-3.1) — 271KB
- play-2024q3xex311.htm (EX-31.1) — 9KB
- play-2024q3xex312.htm (EX-31.2) — 9KB
- play-2024q3xex321.htm (EX-32.1) — 4KB
- play-2024q3xex322.htm (EX-32.2) — 4KB
- 0001628280-24-050625.txt ( ) — 4722KB
- play-20241105.xsd (EX-101.SCH) — 28KB
- play-20241105_cal.xml (EX-101.CAL) — 62KB
- play-20241105_def.xml (EX-101.DEF) — 131KB
- play-20241105_lab.xml (EX-101.LAB) — 370KB
- play-20241105_pre.xml (EX-101.PRE) — 250KB
- play-20241105_htm.xml (XML) — 462KB
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 16 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 31 Item 4.
Controls and Procedures
Controls and Procedures 32 PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 33 Item 1A.
Risk Factors
Risk Factors 33 Item 2. Unregistered Sales of Equity Securities 33
Other Information
Item 5. Other Information 33 Item 6. Exhibits 34
Signatures
Signatures 35 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) November 5, 2024 February 4, 2024 (Unaudited) (Audited) ASSETS Current Assets: Cash and cash equivalents $ 8.6 $ 37.3 Inventories 38.4 37.2 Prepaid expenses 20.5 18.2 Income taxes receivable 22.7 22.9 Accounts receivable 21.8 21.9 Total current assets 112.0 137.5 Property and equipment (net of $ 1,397.3 and $ 1,222.6 of accumulated depreciation as of November 5, 2024 and February 4, 2024, respectively) 1,520.1 1,332.7 Operating lease right of use assets, net 1,343.4 1,323.3 Deferred tax assets 7.3 6.0 Tradenames 178.2 178.2 Goodwill 742.5 742.5 Other assets and deferred charges 37.6 34.2 Total assets $ 3,941.1 $ 3,754.4 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Current installments of long-term debt $ 7.0 $ 9.0 Accounts payable 90.3 118.6 Accrued liabilities 293.2 306.0 Income taxes payable 0.5 2.0 Total current liabilities 391.0 435.6 Deferred income taxes 83.6 89.8 Operating lease liabilities 1,593.5 1,558.5 Other long-term liabilities 201.6 135.3 Long-term debt, net 1,444.8 1,284.0 Commitments and contingencies Stockholders' equity: Common stock, par value $ 0.01 ; authorized: 400.00 shares; issued: 63.16 shares at November 5, 2024 and 62.86 at February 4, 2024; outstanding: 38.50 shares at November 5, 2024 and 40.27 at February 4, 2024 0.6 0.6 Preferred stock, 50.00 authorized; none issued — — Paid-in capital 614.5 597.6 Treasury stock, 24.66 and 22.59 shares as of November 5, 2024 and February 4, 2024, respectively ( 1,035.7 ) ( 945.3 ) Accumulated other comprehensive loss ( 1.0 ) ( 0.9 ) Retained earnings 648.2 599.2 Total stockholders' equity 226.6 251.2 Total liabilities and stockholders' equity $ 3,941.1 $ 3,754.4 See accompanying notes to consolidated financial statements. 3 Table of Contents DAVE & BUSTER'S ENTERTAINMENT, INC. CONSOLIDATED STATEMENTS OF C