Dave & Buster's Reports Q2 Earnings with Revenue Decline and Sequential Sales Improvement
Dave & Buster’s (PLAY) reported a 2.4% decline in total revenue for the second quarter of fiscal 2026, falling to $544.1 million from $557.4 million in the prior year period. Despite this drop, comparable store sales showed sequential improvement with a 2.9% decrease compared to a 5.4% decline in Q1. The company also reported an adjusted EBITDA of $98.9 million for the quarter, representing an 18.2% margin, down from $129.8 million and a 23.3% margin last year. The GAAP net loss was $12.5 million or $0.36 per diluted share in Q2 FY2026 versus a profit of $11.4 million the prior year. However, adjusted free cash flow for the first half of fiscal 2026 reached positive $19.5 million—an improvement of about $56 million from negative $36.5 million last year—due to disciplined capital management and cost control initiatives. The company identified potential annualized savings of at least $30 million through ongoing cost-reduction efforts, with plans for continued store openings and remodels aimed at improving customer engagement.
Tickers: $PLAY
Topics: cash_flow comparable_sales ebitda net_loss revenue