Dave & Buster's Entertainment, Inc. (PLAY) Q4 2025 Earnings Call Transcript

Dave & Buster's Entertainment, Inc. ( PLAY ) Q4 2025 Earnings Call March 31, 2026 5:00 PM EDT Company Participants Cory Hatton - Head of Entertainment Finance, Investor Relations & Treasurer Tarun Lal - CEO & Director Darin Harper - Chief Financial Officer Conference Call Participants Andrew Barish - Jefferies LLC, Research Division Andrew Strelzik - BMO Capital Markets Equity Research Dennis Geiger - UBS Investment Bank, Research Division Michael Hickey - The Benchmark Company, LLC, Research Division Jeffrey Farmer - Gordon Haskett Research Advisors Brian Vaccaro - Raymond James & Associates, Inc., Research Division Presentation Operator Good afternoon, and welcome to the Dave & Buster's Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Cory Hatton, Head of Entertainment Finance, Investor Relations and Treasurer. Please go ahead. Cory Hatton Head of Entertainment Finance, Investor Relations & Treasurer Thank you, Gary, and welcome to everyone on the line. Joining me in the room on today's call are Tarun Lal, our 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 fourth quarter and full year 2025 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 fact. 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 risks and uncertainties have been