Dave & Buster's demonstrates steady Q4 2025 results with ongoing same-store sales improvements and positive momentum into FY 2026, supported by strategic marketing, menu revitalization, and new game launches.

• Six consecutive months of improving same-store sales, excluding storm impact, culminating in roughly flat results in February 2026.
• Confirmed FY 2026 targets to grow same-store sales, revenue, adjusted EBITDA, and generate over $100 million in free cash flow.
• Successful menu revamp leading to a 7% increase in comparable food & beverage sales in Q4 2025, with F&B being positive for six straight months.
• Marketing reset focusing on culturally relevant promotions and digital engagement, exemplified by high-impact campaigns like the Valentine’s diamond giveaway.
• Revitalization of game offerings, recognizing prior stagnation, with plans to reintroduce new, relevant attractions to boost traffic and guest engagement.