Dave & Buster's Entertainment reported a second-quarter fiscal 2026 net loss of $12.5 million, or $0.36 per diluted share, as revenue slipped 2.4% to $544.1 million, but new CEO Darin Harper pointed to a steadily improving comparable-sales trend as evidence the turnaround is taking hold. Comparable store sales fell 5.4% in the first quarter of fiscal 2026, then 2.9% in the second quarter, then just 1.6% in July after a 5% decline in June, and Harper said trends improved further over the first five weeks of the third quarter. Food and beverage sales rose 7.6% in the quarter and have been positive for five straight quarters, while special event sales have now grown for seven consecutive quarters. Adjusted EBITDA dropped to $98.9 million, an 18.2% margin, from $129.8 million and a 23.3% margin, and net capital spending fell to $127.6 million through the first half from $155.4 million, with adjusted free cash flow swinging to positive $19.5 million from negative $36.5 million. Harper has added a chief marketing officer, a chief operations officer, a chief technology officer and a chief legal officer since taking over, and management plans only 4 more domestic openings this year and 5 in fiscal 2027, with preliminary net capital spending next year expected to fall to $150 million or less.
Dave & Buster’s EntertainmentDave & Buster's reported a Q2 net loss of $12.5M with revenue down 2.4% and adjusted EBITDA falling to $98.9M from $129.8M.
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