Dave & Buster’s Entertainment (PLAY) Q3 2024 Earnings Call Transcript

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Dave & Buster’s Entertainment (PLAY 3.98%)
Q3 2024 Earnings Call
Dec 10, 2024, 5:00 p.m. ET

Contents:

• Prepared Remarks
• Questions and Answers
• Call Participants

Prepared Remarks:

Operator

You’re listening to Dave & Buster’s live. Good afternoon, and welcome to the Dave & Buster’s third quarter 2024 earnings conference call. All participants will be in listen-only mode. [Operator instructions] After today’s presentation, there will be an opportunity to ask questions.

[Operator instructions] Please note this event is being recorded. I would now like to turn the conference over to Cory Hatton, vice president of investor relations and treasurer. Please go ahead.

Cory Hatton — Vice President, Investor Relations and Treasurer

Thank you, operator, and welcome to everyone on the line. Joining me on today’s call are Kevin Sheehan, our chair of the board and interim chief executive officer; and Darin Harper, our chief financial officer. After our prepared remarks, we will be happy to take your questions. This call is being recorded on behalf of Dave & Buster’s Entertainment, Inc.

and is copyrighted. Before we begin the discussion on our company’s third quarter 2024 results, I’d like to call your attention to the fact that in our prepared remarks and responses to questions, certain items may be discussed which are not entirely based on historical act. Any of these items should be considered forward-looking statements relating to future events within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated.

Information on these risk factors and uncertainties have been published in our filings with the SEC, which are available on our website. In addition, our remarks today will include references to financial measures that are not defined under generally accepted accounting principles. Investors should review the reconciliation of these non-GAAP measures to the comparable GAAP measure contained in our earnings release this afternoon. And with that, I would like to turn the call over to Kevin.

Kevin Sheehan — Chairman of the Board and Interim Chief Executive Officer

Thanks, Cory. Good afternoon, everyone, and thank you for joining our call today. As communicated in our press release, Chris Morris, our CEO, has resigned to pursue other interests, and I’m assuming the role as chairman of the board and Interim CEO. I want to assure you that despite Chris’ departure, there will be a strong and seamless continuation under my interim executive leadership.

I’ve done this before for Dave & Buster’s from the fall of 2021 until Chris started in the middle of 2022, and I am excited to work with this management team. The same plan, which we initially unveiled to you at our Investor Day in June of 2023 and have been hard at work as a team to execute on ever since will remain our focus. We are working with Heidrick & Struggles, a global executive search firm, to identify the future permanent CEO of this great company. On behalf of the whole entire board, I would like to extend that thank you to Chris to the significant amount of energy he dedicated to leading this company over the past two and a half years, and we wish him all the very best in his future endeavors.