Are eatertainment restaurants in trouble?
September 8, 2023
Dave & Buster’s Entertainment, Inc. is struggling to boost customer visits following a post-pandemic spike in traffic, as same-store sales for the second quarter ended July 30, 2023 were down 6.3%. The dwindling traffic and sales were driven in no small part by challenging macroeconomic circumstances, Dave & Buster’s leadership said during Wednesday’s Q2 earnings call.
Dave & Buster’s CEO Chris Morris said that even though the leadership team analyzed its business to figure out where the same-store sales decline was coming from, they came to no meaningful conclusion, other than a shift in consumer behavior.